Television

Intelsat completes acquisition of Comsat General's business

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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 Intelsats 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.

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