HOME | Free Newsletters | Email Story | Print Story | Comment on Story
 
Indiantelevision.com's Breaking News
 
Intelsat completes acquisition of Comsat General's business
 
Indiantelevision.com Team
( 30 October 2004 2:00 pm)
 

MUMBAI: Intelsat has announced that it has completed its acquisition of the customer contracts and other assets of end-to-end communications services integrator Comsat General Corporation for approximately $90 mn in cash.

 
 

The deal, which includes the rights to FCC and other licenses, enhances Intelsat’s competitive position in serving the US and NATO users with satellite capacity and managed satellite-based services.

Comsat General has been providing satellite-centric telecommunications services and equipment for more than 30 years, concentrating on clients with quick-response and high-availability needs, informs a company release.

This business generated approximately $156 mn in revenue in 2003.

 
 

"Intelsat is a recognized leader in the provision of secure satellite capacity to both commercial and government clients, with a managed services business that has grown dramatically to address their end-to-end needs," said Intelsat, Ltd. chief executive officer Conny Kullman.

"This acquisition brings us closer to key customers and creates new opportunities to increase the sale of core satellite capacity," says Kullman.

 
Go to Top
Click here for more Headlines
 
Also Read: CAS News | MAM Stories | Headlines | Technology Update | Tube Talk | Perspectives
 
HOME | Free Newsletters | Email Story | Print Story | Comment on Story
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Contact Us | Feedback | About Indiantelevision | Disclaimer
© 2001- 2005 Indian Television Dot Com Pvt Ltd. All Rights Reserved.