je.st
news
Tag: intelsat
MultiChoice to add Intelsat satellite for Sub-Saharan Africa DTH
2014-06-11 14:00:04| Digital TV News
Intelsat (NYSE: I) has announced that it has signed a 15-year service agreement with MultiChoice, Africas leading pay TV provider, on a new satellite to be added to the Intelsat network.
Tags: add
africa
satellite
dth
MultiChoice expands DTT distribution in Sub-Saharan Africa with Intelsat
2014-04-09 15:00:34| Digital TV News
Intelsat (NYSE: I) has announced that African direct-to-home operator, MultiChoice, is leveraging Intelsat capacity to expand the reach of its digital terrestrial television (DTT) offering in Sub-Saharan Africa.
Tags: distribution
africa
expands
dtt
CANAL+ Overseas adds DTH capacity with Intelsat for HD in the Caribbean
2014-04-03 13:50:53| Digital TV News
Intelsat (NYSE: I) and CANAL+ OVERSEAS have expanded their agreement for Intelsat 903 at 325.5°E. CANAL+ OVERSEAS will use the Ku-band capacity to further expand its HD, DTH programming in the Caribbean.
Intelsat raises USD 472 million in IPO
2013-04-18 14:02:00| Telecompaper Headlines
(Telecompaper) Satellite operator Intelsat has raised USD 471.7 million in its initial public offering of shares, net of underwriting costs. The company sold 19.32 million common shares at USD 18 per share, below the indicated range of USD 21-25 per share, as well as 3 million convertible, non-voting preference shares at USD 50 each. The preference shares carry a dividend rate of 5.75 percent and will convert automatically to common shares on 01 May 2016. The underwriters have a 30-day option to purchase up to an additional 2.9 million common shares and 450,000 preferred shares. Intelsat's shares will be listed on the New York Stock Exchange. The company intends to use substantially all of the net proceeds from the IPO to reduce debt.
Intelsat to raise USD 500 mln in IPO
2013-04-02 15:12:00| Telecompaper Headlines
(Telecompaper) Satellite operator Intelsat has filed for an initial public offering of shares on the New York Stock Exchange. The Luxembourg-based company plans to sell 21.74 million common shares at an indicative price of USD 21-25 per share, suggesting gross proceeds of around USD 500 million at the mid-point of the range. This would give the company a free float of 21 percent of outstanding shares. It will also offer 3 million convertible, non-voting preference shares. The underwriters have an option to sell another 3.26 million common shares and 450,000 preferred shares if demand warrants. Intelsat is controlled by private equity firm BC Partners with around 76 percent of common shares, and the firm Silver Lake Partners holds a 17 percent stake. The company plans to use the proceeds of the IPO to pay down debt.