Intelsat acquires Comsat to strengthen it's govt sol. business unit

MUMBAI: Intelsat has announced that it has signed an agreement to acquire the assets of end-to-end communications services integrator Comsat General Corporation and certain of its affiliates, in a transaction which is expected to strengthen Intelsat's competitive position in the US government commercial satellite capacity and services market.

Comsat is a subsidiary of Lockheed Martin Corporation, which owns 24.1 per cent of Intelsat, Ltd.

The total agreed purchase price is approximately $90 million, including approximately $40 million that may be paid in the form of ordinary shares of Intelsat Ltd. Intelsat will also purchase an Atlas launch vehicle from Lockheed Martin Commercial Launch Services, Inc., an affiliate of Lockheed Martin, for the launch of a future satellite, informed an official release.

Comsat General is a provider of integrated satellite-centric communications services to commercial and government users, including the resale of satellite capacity purchased from Intelsat and other operators. In addition, it also provides value-added services such as bandwidth management and host nation agreement management.Under the transaction terms, Intelsat has agreed to acquire the customer contracts and vendor contracts associated with Comsat General's business, as well as Federal Communications Commission (FCC) and other governmental licenses, leased business premises and other related assets, said the release.

"This agreement is another step forward in our strategy to develop and grow our managed services capabilities in segments that we believe represent stable, long-term growth opportunities for fixed satellite services operators," said Intelsat, Ltd CEO Conny Kullman. "The US and other NATO country governments currently rely on commercial satellite capacity for a substantial portion of their mission-critical communications and customized services. We believe that the acquisition announced today, when completed, will solidify Intelsat's competitive position in this important market."

Intelsat Government Solutions Corporation president Susan Miller said, "Government agencies from the US and other countries already depend on Intelsat's global network resources for a variety of communications needs. We look forward to directly serving these key customers with a greater range of end-to-end solutions upon the closing of this acquisition."

The closing of the transaction is subject to the satisfaction or waiver of several conditions, including the receipt of US FCC, US Department of Defense and other governmental approvals. Intelsat currently expects the closing of the transaction to occur in the fourth quarter of 2004

Latest Reads
ISRO to double annual satellite launch

NEW DELHI: The Indian Space Research Organisation (ISRO) plans to increase its satellite capacity by upping launches from next year to keep pace with demands from users and is also releasing request for proposals (RFP) for 30 satellites, top Indian government officials said.

Satellites Satellite Launches
Intelsat signs distribution contract with Indian teleport operator

MUMBAI: Intelsat S.A., an operator of the globalised network and leader in integrated satellite communications, and LAMHAS, a teleport operator in India, have announced a multi-year agreement for satellite services supporting media distribution in India via the Intelsat 20 satellite.

Satellites Teleports
Private sector enters satellite building with 'IRNSS replacement' launch today

MUMBAI: India's success in space exploration has been growing tremendously. One of the seven satellites in the constellation, as three rubidium atomic clocks on board had stopped functioning, the IRNSS- 1H satellite, weighing 1,425kg, will be launched from the second launch pad of the Satish...

Satellites Satellite Launches
AsiaSat 5 & Eurovision to deliver Taipei event in 4K & HD from 19 Aug

MUMBAI: Eurovision Media Services, in collaboration with its long-term satellite partner, Asia Satellite Telecommunications Company Limited (AsiaSat), will use AsiaSat 5 to deliver the Taipei 2017 Universiade across the Asia Pacific.

Satellites Satellite Operators
15 operational sats for communication, 26 under development

NEW DELHI: Fifteen of the 42 currently operational satellites are being utilised to meet the requirements of the communication industry, the minister of state in the department of space Jitendra Singh has said. Singh told the Parliament that the operational satellites in orbit comprise 18 earth...

Satellites Satellite Operators
AsiaSat 9 set for 28 September launch

AsiaSat 9, AsiaSat’s most powerful satellite, is set for launch on 28 September Moscow time 09:50pm (29 September Baikonur time 00:50am, Hong Kong time 2:50am) on a Proton M/Breeze M rocket from Baikonur Cosmodrome, Kazakhstan, after being in storage at Space Systems Loral’s facility with its Pre-...

Satellites Satellite Operators
Communication facilities increased with 7 satellites in last 3 years

NEW DELHI: Satellite Communication capability was augmented with seven more satellites in the last three years with GSAT-6, GSAT-9, GSAT-15, GSAT-16, GSAT-17, GSAT-18, and GSAT-19. Another major achievement since June 2014 has been the realisation of South Asia Satellite to enable South Asian...

Satellites Satellite Operators
Transponder leasing yields Rs 7.5 bn for communication satellites

NEW DELHI: Communication satellites earned revenue of Rs 7.4668 billion through leasing of INSAT/ GSAT transponders in 2016-17.

Satellites Satellite Operators
GSAT 17 to be inducted into INSAT/GSAT system after tests

NEW DELHI: The GSAT-17 launched last month is undergoing in-orbit tests after which it will be inducted into the INSAT/GSAT system for providing various communication services to the country in C, Extended-C and S-band. The communication satellite, with a lift-off mass of 3477 Kg - carrying...

Satellites Satellite Launches

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories