Intelsat, the company that resulted from the Communications Satellite Act signed by US President Kennedy in 1962, has moved into private ownership, paving the way for a possible listing.
The new private company was created with over 200 shareholders comprising companies from more than 145 countries. Intelsat provides internet, broadcast, telephony and corporate network solutions to customers in more than 200 countries and territories through its network of 20 geostationary satellites. In 2000, Intelsat had revenues of $1.1bn (€1.3bn), a net income of $504m, and an earnings before interest, tax, depreciation and amortisation margin of 86%. Conny Kullman, CEO of Intelsat, said: "Privatisation allows us much greater flexibility, and we are continuing to deploy more sales and support functions around the world so we can be more responsive to our customers."
