Intelsat-Loral merge approved by FCC

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Intelsat Ltd., a global leader in satellite communications, announced in connection with its proposed purchase of the North American satellite assets of Loral Space & Communications Corporation and its affiliates that the U.S Federal Communications Commission has approved the transfer of Loral’s FCC licenses to Intelsat.

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."


Source: Intelsat