This morning, Intelsat annoucned that it made an agreement to acquire PanAmSat Holding Corporation for $3.2 billion dollars (or $25/share) in order to establish a satellite company with an expanded delivery that includes: government, corporate data, and video content.

When both of these companies are combined, the estimated annual revenue is expected to hit more than $1.9 billion dollars, with customers in over 200 countries. Intelsat expects this agreement to improve financial cash flow, strength, and revenue.

It is expected that the acquisition will be finished in 6-12 months with Morgan Stanley serving as PanAmSat’s advisor while Credit Suisse First Boston serves as Intelsat’s financial advisor.

This entry was posted on Monday, August 29th, 2005 at 5:02 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.