Energy News  
Intelsat Approves Spin-off


Salvador - March 29, 1998 -
The Intelsat Meeting of Signatories has unanimously endorsed recommendations forwarded to it by the 122nd Board of Governors to create a spin-off company, totally separate from Intelsat and temporarily known as INC.

Three Intelsat decision-making bodies are involved in this process, and now two have already endorsed INC's creation. Today's unanimous decision by the Meeting of Signatories will be forwarded with a recommendation for approval to the 22nd Assembly of Parties meeting here March 30 through April 1.

``Today's decision represents an important milestone in the creation of INC. Approval by the Assembly next week will mean we will have successfully created a new entrant in the satellite communications marketplace, and done so with competitive safeguards, allowing all companies to compete on a level playing field,'' said Irving Goldstein, Director General and CEO, in announcing today's unanimous decision.

Intelsat owns and operates a global communications satellite system. With 1997 revenues of more than US$960 million, the Intelsat system provides voice/data and video services to over 200 countries and territories via satellite.

  • Intelsat Website

    Recent SpaceCast Stories on Intelsat

  • Intelsat Approves Satellite Plan
  • COMSAT CEO Speaks on Privatization
  • Intelsat Has Too Much Power

    Community
    Email This Article
    Comment On This Article

    Related Links
    Space



    Memory Foam Mattress Review
    Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
    XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


    Satellite Launch To Boost DTH In India
    Calcutta, India (SPX) Dec 28, 2005
    The successful launch Thursday of India's heaviest satellite from spaceport of Kourou in French Guyana may have boosted the country's space research efforts to yet another level, but it has also lifted the spirits of at least three Direct-To-Home televisions broadcasters, one of which has been waiting for years to launch its services in India.























  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement