PanAmSat Expands Terrestrial Capability With Sonic Purchase
Wilton, Conn.-based satellite operator PanAmSat [NASDAQ: SPOT] is expanding its land-based capabilities with an all-cash acquisition of Sonic Telecom, a provider of international high-definition multimedia transmission services and business applications.
The transaction will extend the reach of PanAmSat’s 24-satellite global fleet and its existing fiber network throughout the U.S., Europe and Asia. The resulting integration of Sonic Telecom into the PanAmSat infrastructure will provide customers with a seamless satellite/fiber network that will deliver video content to or from virtually anywhere in the world in a secure manner with “robust redundancy,” company officials said.
For more on this story, including an exclusive interview with Joe Wright, see the Nov. 24 issue of SATELLITE NEWS. For more info on subscribing to PBI Media’s satellite newsletters, check out our Web site at http://www.satellitetoday.com.