Social Feed
Intelsat announced Monday that it has agreed to acquire a rival, the PanAmSat Holding, creating the world's largest operator of satellites that distribute data and video programming for clients.
Intelsat, which is a private company, will pay $3.2 billion, or $25 a share, for PanAmSat, executives at the companies said. It will use cash to pay for the shares, which it is buying at a price that is almost 40 percent higher than the trading price just after PanAmSat's initial public offering in March. On Friday, PanAmSat shares closed at $19.80, down 3 cents, on the New York Stock Exchange.
Intelsat will also take over $3.2 billion in PanAmSat's debt.
The combined company will have 53 satellites--28 from Intelsat and 25 from PanAmSat--and annual revenue of $1.9 billion. Executives for the companies hope to receive regulatory approval for the deal in 6 to 12 months.
The two companies have complementary businesses. Intelsat has large contracts with the United States government, and about half of PanAmSat's revenue comes from providers of video programming like Disney, Time Warner and HBO, which need their shows beamed to cable companies.
Intelsat is particularly strong outside the United States, while most of PanAmSat's satellites hover over North America.
"The two companies are complementary in customer, geographic and product focus," said David McGlade, Intelsat's chief executive officer, who will remain in that job if the merger is approved by regulators.
The deal is the latest and largest in a fast-consolidating industry. A glut of satellite launchings in the 1990s sent prices tumbling and pushed several big players into bankruptcy.
But in the last couple of years the industry has stabilized after rounds of cost cutting, fewer launchings and an upturn in demand for broadband services and video products like high-definition television and video-on-demand.
Wholesale satellite distributors like Intelsat and PanAmSat face fierce competition from big rivals like SES and Eutelsat in Europe, as well as companies that operate global fiber-optic networks. Prices for transporting video, data and phone calls across continents and oceans plunged following the collapse of the technology bubble of the 1990s and continue to slide even now.
But Intelsat, PanAmSat and other satellite distributors are still some of the only companies able to provide video, Internet and phone services to developing countries and remote regions that lack sophisticated fiber networks.
Intelsat's purchase is a victory for Kohlberg Kravis Roberts, the Carlyle Group and Providence Equity Partners, which bought PanAmSat last year and own 58 percent of its shares. Of the remaining shares, 40 percent are traded publicly and management owns 2 percent.
Credit Suisse First Boston is Intelsat's financial adviser. Its legal advisers are Wachtell, Lipton Rosen & Katz; Paul, Weiss, Rifkind, Wharton & Garrison, and Milbank, Tweed, Hadley & McCloy. Morgan Stanley is serving as PanAmSat's financial adviser, and Simpson Thacher & Bartlett is serving as PanAmSat's legal adviser.
http://news.com.com/Intelsat+agrees+to+acquire+PanAmSat/2100-1033_3-5843924.html?tag=nefd.top
Intelsat, which is a private company, will pay $3.2 billion, or $25 a share, for PanAmSat, executives at the companies said. It will use cash to pay for the shares, which it is buying at a price that is almost 40 percent higher than the trading price just after PanAmSat's initial public offering in March. On Friday, PanAmSat shares closed at $19.80, down 3 cents, on the New York Stock Exchange.
Intelsat will also take over $3.2 billion in PanAmSat's debt.
The combined company will have 53 satellites--28 from Intelsat and 25 from PanAmSat--and annual revenue of $1.9 billion. Executives for the companies hope to receive regulatory approval for the deal in 6 to 12 months.
The two companies have complementary businesses. Intelsat has large contracts with the United States government, and about half of PanAmSat's revenue comes from providers of video programming like Disney, Time Warner and HBO, which need their shows beamed to cable companies.
Intelsat is particularly strong outside the United States, while most of PanAmSat's satellites hover over North America.
"The two companies are complementary in customer, geographic and product focus," said David McGlade, Intelsat's chief executive officer, who will remain in that job if the merger is approved by regulators.
The deal is the latest and largest in a fast-consolidating industry. A glut of satellite launchings in the 1990s sent prices tumbling and pushed several big players into bankruptcy.
But in the last couple of years the industry has stabilized after rounds of cost cutting, fewer launchings and an upturn in demand for broadband services and video products like high-definition television and video-on-demand.
Wholesale satellite distributors like Intelsat and PanAmSat face fierce competition from big rivals like SES and Eutelsat in Europe, as well as companies that operate global fiber-optic networks. Prices for transporting video, data and phone calls across continents and oceans plunged following the collapse of the technology bubble of the 1990s and continue to slide even now.
But Intelsat, PanAmSat and other satellite distributors are still some of the only companies able to provide video, Internet and phone services to developing countries and remote regions that lack sophisticated fiber networks.
Intelsat's purchase is a victory for Kohlberg Kravis Roberts, the Carlyle Group and Providence Equity Partners, which bought PanAmSat last year and own 58 percent of its shares. Of the remaining shares, 40 percent are traded publicly and management owns 2 percent.
Credit Suisse First Boston is Intelsat's financial adviser. Its legal advisers are Wachtell, Lipton Rosen & Katz; Paul, Weiss, Rifkind, Wharton & Garrison, and Milbank, Tweed, Hadley & McCloy. Morgan Stanley is serving as PanAmSat's financial adviser, and Simpson Thacher & Bartlett is serving as PanAmSat's legal adviser.
http://news.com.com/Intelsat+agrees+to+acquire+PanAmSat/2100-1033_3-5843924.html?tag=nefd.top
4 Replies
·
1390 views
TWiT Tech Podcast Network
Time for another AWESOME video from the TWIT Network!
View: https://www.youtube.com/shorts/6UJXAJfomcE
Direct YouTube Link - Apple's Q4 2026 Earnings Report
TWIT's Website
TWIT Live Feed
View: https://www.youtube.com/shorts/6UJXAJfomcE
Direct YouTube Link - Apple's Q4 2026 Earnings Report
TWIT's Website
TWIT Live Feed
0 Replies
·
0 views
Supporting Founder
Does anyone here use Apple Home/HomeKit with HomePods or Apple TV to automate smart devices in their house? We have had Amazon's Alexa set up in our house for the last 10+ years and I have been waiting to switch them out to Apple for a few reasons; We are already in the Apple ecosystem with our phones, tablets, and computers. I have never liked Amazon's stance on privacy and I really like that Apple has pushed for privacy for a long time.
I bought 4 of the new HomePod Mini 2 speakers to go in various rooms in our house and we have one of the new Apple TVs on preorder that will be the start of me replacing our Rokus. I have the HomePod Mini 2s set up and have an RPi that is running HomeBridge for our legacy smart devices that worked natively with Alexa but don't work with Apple Home natively. I had trouble with the older smart bulbs not keeping the brightness or light color consistent with what our routines were with Alexa despite trying every setting in HomeBridge with the bulbs just not shining very bright. I ended up replacing them with updated versions that are Matter compatible so they work in Apple Home natively. That in and of itself has been interesting to set up because I have my home network segretated with the IoT devices on their own vlan and wifi and pretty locked down. Matter requires IPv6 and due to how my home network is designed I had to do some digging with AI to figure out how to make it all work correctly.
Apple Home definitely has some shortcomings that Alexa does much better with but I am hoping Apple will continue to improve their Home products and introduce features that will bring it closer to the functionality of Alexa.
I bought 4 of the new HomePod Mini 2 speakers to go in various rooms in our house and we have one of the new Apple TVs on preorder that will be the start of me replacing our Rokus. I have the HomePod Mini 2s set up and have an RPi that is running HomeBridge for our legacy smart devices that worked natively with Alexa but don't work with Apple Home natively. I had trouble with the older smart bulbs not keeping the brightness or light color consistent with what our routines were with Alexa despite trying every setting in HomeBridge with the bulbs just not shining very bright. I ended up replacing them with updated versions that are Matter compatible so they work in Apple Home natively. That in and of itself has been interesting to set up because I have my home network segretated with the IoT devices on their own vlan and wifi and pretty locked down. Matter requires IPv6 and due to how my home network is designed I had to do some digging with AI to figure out how to make it all work correctly.
Apple Home definitely has some shortcomings that Alexa does much better with but I am hoping Apple will continue to improve their Home products and introduce features that will bring it closer to the functionality of Alexa.
4 Replies
·
20 views
Supporting Founder
Lifetime Supporter
Comcast is the first to report, with a massive 274,000 loss in video subscribers.
In the 3Q of 2016, Comcast had 21.42 million video subscribers and was the #1 provider, now at 10.39 million and is the #3 Provider, YTTV is #2 ( who also surpassed DirecTV-8 Million and Dish-under 5 Million), Charter/Spectrum is #1.
cordcuttersnews.com
In the 3Q of 2016, Comcast had 21.42 million video subscribers and was the #1 provider, now at 10.39 million and is the #3 Provider, YTTV is #2 ( who also surpassed DirecTV-8 Million and Dish-under 5 Million), Charter/Spectrum is #1.
Comcast Just Lost 274,000 TV Customers & 144,000 Internet Customers In Just Three Months | Cord Cutters News
Comcast Corporation reported its third-quarter 2026 results on October 22, showing continued erosion in its domestic residential broadband internet and video customer bases as competitive pressures intensified across the connectivity market. The company recorded a net loss of 144,000 domestic...
cordcuttersnews.com
20 Replies
·
761 views
'Rockford Files' Reboot Gets NBC Pilot Order
I grow tired of all the reboots. Most I don't bother with but will depend on the actor chosen.
I grow tired of all the reboots. Most I don't bother with but will depend on the actor chosen.
23 Replies
·
856 views
I hope they can find enough Pontiac Firebirds to keep the show going.
The one where Beth is telling him about her cat is one of my favorites. "...he's not very discriminating". 
Staff member
HERE TO HELP YOU!
Cutting Edge
Sometimes a thread gets so many posts in it that is can cause issues for the server so that why today we introduce The Song Name Game Part 3!
So let the game continue!
The last song was added by Bobby who posted...
One Meat Ball - Andrews Sisters
CONTINUE ON AND HAVE FUN! WELCOME HOME TO SATELLITEGUYS.US!
Here are the original rules for the game as posted by WebbyDude back in 2006. http://www.satelliteguys.us/threads/68645-Song-Name-Game
Just name a song title and the band who performed it. The next person does the same thing, but needs to list a song title or band name which includes a word from the previous entry. Pick songs from any genre.
Example:
Long Live Rock and Roll -- Rainbow
Rainbow in the Dark -- Dio
Another example:
Ride the Lightning -- Metallica
Lightning Strikes -- Ozzy Osbourne
Get it?
An additional note: we all know that song titles, sometimes, use profane words. Because this is a family friendly website it is advised that you clean up that title up a bit. This is accomplished by using something like sh!t instead of the real word. Thanks....
So let the game continue!
The last song was added by Bobby who posted...
One Meat Ball - Andrews Sisters
CONTINUE ON AND HAVE FUN! WELCOME HOME TO SATELLITEGUYS.US!
Here are the original rules for the game as posted by WebbyDude back in 2006. http://www.satelliteguys.us/threads/68645-Song-Name-Game
Just name a song title and the band who performed it. The next person does the same thing, but needs to list a song title or band name which includes a word from the previous entry. Pick songs from any genre.
Example:
Long Live Rock and Roll -- Rainbow
Rainbow in the Dark -- Dio
Another example:
Ride the Lightning -- Metallica
Lightning Strikes -- Ozzy Osbourne
Get it?
An additional note: we all know that song titles, sometimes, use profane words. Because this is a family friendly website it is advised that you clean up that title up a bit. This is accomplished by using something like sh!t instead of the real word. Thanks....
68764 Replies
·
2686058 views
Pub Member / Supporter
Cutting Edge
6 Replies
·
177 views
Fox Closes $22 Billion Roku Takeover, Says Streaming Platform Will Remain ‘Open Ecosystem’
Surprise! Fox Corp. has closed its acquisition of streaming platform Roku, a deal valued at $22 billion, well ahead of the expected 2027 date.
variety.com
Surprise! Fox Corp. said Friday it has closed the acquisition of streaming platform Roku, a deal valued at $22 billion, well ahead of the expected 2027 date.
That is what I have to explain to customers all the time. They want it free with no ads
Pub Member / Supporter
Lifetime Supporter
Thought some might find this encouraging. It turned out good but I still feel a little bad about it.
Had to drop by Walmart on my way to the store this morning, I had enough time but no time to spare either. As I was walking across the parking lot I noticed an older gent pushing his buggy with a confused look on his face. I said hello as I passed but he didn't respond...something was bothering him. I kept walking and then stopped and chided myself for being in too much of a rush. I turned around and asked him if he needed some help. Turned out he had NO idea where he had parked his truck. He told what color and model and looked around...nothing. I asked him if he had tried his key fob, he wasn't sure what I was talking about and got it out and handed it to me. Hit the lock and listened for a horn like my F150 does. Nothing. Finally I hit the panic button and we heard his truck...it was on the complete other side of the parking lot. He thanked me and I went on about my business.
I felt bad however because I almost didn't stop. I was so focused on what I had to pick up that I almost just kept walking without seeing if I could help. Years ago I wouldn't have hesitated. It seems that as we age it is easy to focus more on ourselves and ignore others which is why you'll see footage of these muggings in big cities and people just walk by the wounded victim who is laying on the sidewalk.
Moral to the story: Don't let your humanity die just because so many others have allowed theirs to.
Had to drop by Walmart on my way to the store this morning, I had enough time but no time to spare either. As I was walking across the parking lot I noticed an older gent pushing his buggy with a confused look on his face. I said hello as I passed but he didn't respond...something was bothering him. I kept walking and then stopped and chided myself for being in too much of a rush. I turned around and asked him if he needed some help. Turned out he had NO idea where he had parked his truck. He told what color and model and looked around...nothing. I asked him if he had tried his key fob, he wasn't sure what I was talking about and got it out and handed it to me. Hit the lock and listened for a horn like my F150 does. Nothing. Finally I hit the panic button and we heard his truck...it was on the complete other side of the parking lot. He thanked me and I went on about my business.
I felt bad however because I almost didn't stop. I was so focused on what I had to pick up that I almost just kept walking without seeing if I could help. Years ago I wouldn't have hesitated. It seems that as we age it is easy to focus more on ourselves and ignore others which is why you'll see footage of these muggings in big cities and people just walk by the wounded victim who is laying on the sidewalk.
Moral to the story: Don't let your humanity die just because so many others have allowed theirs to.
3 Replies
·
52 views
TWiT Tech Podcast Network
Time for another AWESOME video from the TWIT Network!
View: https://www.youtube.com/watch?v=pZvzVN2MnSs
Direct YouTube Link - This Week in Space 235
TWIT's Website
TWIT Live Feed
View: https://www.youtube.com/watch?v=pZvzVN2MnSs
Direct YouTube Link - This Week in Space 235
TWIT's Website
TWIT Live Feed
0 Replies
·
13 views
TWiT Tech Podcast Network
Time for another AWESOME video from the TWIT Network!
View: https://www.youtube.com/shorts/Yian5I3puiU
Direct YouTube Link - Binance's $6.3 Billion Crypto Heist: Gone in 20 Minutes #shorts
TWIT's Website
TWIT Live Feed
View: https://www.youtube.com/shorts/Yian5I3puiU
Direct YouTube Link - Binance's $6.3 Billion Crypto Heist: Gone in 20 Minutes #shorts
TWIT's Website
TWIT Live Feed
0 Replies
·
8 views
TWiT Tech Podcast Network
Time for another AWESOME video from the TWIT Network!
View: https://www.youtube.com/shorts/JlKj326jgtI
Direct YouTube Link - Google Making School Opt Into AI Usage, or Lose Access to Search
TWIT's Website
TWIT Live Feed
View: https://www.youtube.com/shorts/JlKj326jgtI
Direct YouTube Link - Google Making School Opt Into AI Usage, or Lose Access to Search
TWIT's Website
TWIT Live Feed
0 Replies
·
10 views