A consortium of investment funds will acquire Intelsat in a transaction valued at approximately $5 billion, including approximately $2 billion of existing net debt. Intelsat’s current shareholders generally will be entitled to receive $18.75 for each Intelsat share issued and outstanding immediately prior to closing. http://www.intelsat.com
- Intelsat operates a fleet of 28 geostationary satellites serving over 200 countries and territories. The company was established in 1964 as the first commercial satellite provider.