Intelsat Release
FCC Finds Intelsat To Be In Compliance With All ORBIT Act Privatization Requirements
Pembroke, Bermuda, 18 April 2005
On April 15, the U.S. Federal Communications Commission announced that it has found Intelsat to be in compliance with all of the privatization requirements of the ORBIT Act. The FCC found that Intelsat has substantially diluted the ownership of its former signatories and thus, the FCC determined, Intelsat may now provide direct-to-home, direct broadcast satellite, Ka- and V-band satellite services, among others.
The ORBIT Act, which was passed by the Congress in 2000, mandated the privatization of the former intergovernmental organization. As the FCC recognized, Intelsat was purchased in January 2005 by four private equity firms, which bought out the ownership interests of Intelsat's former shareholders.
"The FCC has recognized that Intelsat has completed its transformation into a fully private company, able to provide a complete range of satellite solutions in the competitive marketplace," said Intelsat's Executive Vice President and General Counsel, Phillip Spector. "Going forward, Intelsat is concentrating our efforts on providing the services our customers demand and on increasing shareholder value," he added.
About Intelsat
As a global communications leader with 40 years of experience, Intelsat helps service providers, broadcasters, corporations and governments deliver information and entertainment anywhere in the world, instantly, securely and reliably. Intelsat's global reach and expanding solutions portfolio enable customers to enhance their communications networks, venture into new markets and grow their businesses with confidence.
--
Dishnut-P
================================================================
Operator of RadioFree Dishnuts - Producer of The Dishnut News
heard Saturdays at 10pm EST. on
RFD, W0KIE Satellite Radio Network AMC-7 Transponder 5 / 7.50Mhz
(4DTV W-7 973), WTND-LP 106.3, and many micro LPFM stations.
http://dishnuts.net
Show Archives: (DOWN)
Reply with a "Thank you" if you liked this post.
_______________________________________________
MEDIANEWS mailing list medianews@twiar.org
To unsubscribe send an email to: [EMAIL PROTECTED]
