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Intelsat Obtains Extension to ORBIT Act Initial Public Offering Deadline
Hamilton - Dec 18, 2003 Intelsat, Ltd. Today announced that the Federal Communications Commission had approved its request under the Open-market Reorganization for the Betterment of International Telecommunications Act, or the ORBIT Act, to extend the date by which Intelsat is required to complete an initial public equity offering from December 31, 2003 to June 30, 2004. "Intelsat respects its obligations under the ORBIT Act and we appreciate the responsiveness of the FCC in considering the many factors that led to our request," stated Intelsat Chief Executive Officer Conny Kullman. "We are now focused on closing on and integrating the North American satellite assets we are purchasing from Loral and then intend to conduct our initial public offering in compliance with the ORBIT Act." Community Email This Article Comment On This Article Related Links Intelsat SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation. |
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