New Skies Satellites (NYSE: NSK) and Intelsat have signed a deal to use their existing orbital and satellite resources at a single orbital location to expand their respective commercial service offerings to the Americas, Europe, Africa and the Middle East.

Under the terms of the agreement, New Skies will allow use of its C-band international frequency rights at 340 degrees East Longitude, where the U.S.-licensed hybrid Intelsat 603 satellite is currently providing Ku-band services. In return, each company will separately market the satellite’s C-band capacity for the delivery of video, Internet and data services throughout the Atlantic Ocean region, sharing revenues from C-band operations.

The two companies are exploring opportunities for a similar arrangement using New Skies’ NSS-513 satellite, which was replaced in the Pacific Ocean region by NSS-5 in December.