Intelsat announced that the Federal Communications Commission (FCC) has approved the transfer of FCC licensesfor Loral Space and Communications‘ [OTCBB: LRLSQ] North American satellite assets to Intelsat. The regulatory nod is part of the process Intelsat needs to complete its proposed purchase of Loral’s North American satellite assets.

Intelsat CEO Conny Kullman said, “This FCC approval is one of the significant conditions to the closing of the Loral transaction, and we are pleased that the regulatory process has been concluded. We are looking forward to completing the deal once all other conditions to closing have been met.”