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FCC Says Intelsat In Compliance With ORBIT Act
Intelsat said the Federal Communications Commission (FCC) found the company to be in compliance with the privatization requirements of the ORBIT Act. The FCC found that Intelsat has substantially diluted the ownership of its former signatories. The finding opens the door for Intelsat to offer direct-to-home, direct broadcast satellite, Ka- and V-band satellite services.
“The FCC has recognized that Intelsat has completed its transformation into a fully private company, able to provide a complete range of satellite solutions in the competitive marketplace,” said Intelsat Executive Vice President and General Counsel Phillip Spector in a prepared statement. “Going forward, Intelsat is concentrating our efforts on providing the services our customers demand and on increasing shareholder value,” he added.
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