Intelsat to buy PanAmSat for USD3.2 billion

30 Aug 2005

Intelsat has revealed it will buy PanAmSat for USD3.2 billion in cash, creating the world’s largest satellite broadcaster. The pair announced the merger yesterday after receiving approval from their respective boards at the weekend. The combination will create a company able to provide competitive communications and video services to consumers and businesses.

Intelsat