Intelsat to Acquire COMSAT

Intelsat agreed to acquire the assets of end-to-end communications services integrator COMSAT General Corporation for approximately $90 million. 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, COMSAT General provides value-added services such as bandwidth management and host nation agreement management. COMSAT General had revenues of approximately $150 million in 2003. http://www.intelsat.com