Intelsat Will Launch Four Satellites for Asia-Pacific, FT Says
Intelsat SA, the world’s biggest commercial satellite operator, plans to invest $1.3 billion in four communications satellite launches in the next 18 months, to serve the Asia-Pacific region, the Financial Times reported, citing Chief Executive Officer Dave McGlade.
The plan, which McGlade will announce today, is in response to demand in the region’s rapidly growing economies for pay- television, broadband access and mobile communications, the newspaper said.
McGlade said Intelsat has presold much of the new capacity to customers that include Tata Communications Ltd. and Sony Pictures Television, the FT reported.
Intelsat is owned by a private-equity group including BC Partners Ltd. and Silverlake Partners.
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