Fergie's Tech Blog

Intelsat to Get Much Bigger With PanAmSat Deal

Griff Witte writes in The Washington Post:

Intelsat Ltd. of Washington is to become the world's largest commercial satellite operator today when it completes its purchase of the firm that had been its toughest domestic competitor.

The deal to buy longtime rival PanAmSat Holding Corp. creates a company that will carry about a quarter of the world's commercial satellite-delivered television programming on a fleet of 51 satellites and can reach 99 percent of the world's populated areas with communications services.

Intelsat and PanAmSat had flirted with a merger before, but each time the rivalry between the two proved to be too deep to make a deal.

posted by Fergie @ 7/02/2006 08:58:00 PM