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Intelsat Shareholders Approve Acquisition of Loral Satellites

By | August 15, 2003

      Intelsat‘s shareholders have approved the company’s proposed acquisition of six satellites and orbital location rights from Loral Space & Communications [OTC BB: LRLSQ.OB] at a meeting held Friday in Amsterdam, The Netherlands.

      The proposed acquisition of the Loral assets would complement Intelsat’s global network, which includes capacity on 26 satellites, by adding complete coverage of the important North American market and by increasing Intelsat’s customer base in the cable television and broadcasting segments.

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