Intelsat Announces Completion Of Acquisition By Zeus Holdings

SPACEMART

big birds, big profits

Pembroke, Bermuda (SPX) Jan 31, 2005
Intelsat has announced the successful closing of the amalgamation under Bermuda law of Intelsat and a subsidiary of Zeus Holdings Limited ("Zeus"). Zeus is a company formed by a consortium of funds advised by Apax Partners, Apollo Management, Madison Dearborn Partners and Permira.

As a result of the closing of the transaction, those organizations and individuals that held shares in Intelsat immediately prior to the closing are entitled to receive $18.75 in exchange for each such share. The total value of the transaction, including approximately $2 billion of existing net debt, was approximately $5 billion.

Merrill Lynch and Morgan Stanley acted as financial advisors to Intelsat, Ltd. in connection with the transaction. Credit Suisse First Boston, Goldman, Sachs & Co. and Lehman Brothers Inc. acted as financial advisors to Zeus in connection with the transaction.

SPACEMART

Vietnam's Satellite Plans Still A Priority Despite Delay

Hanoi (AFP) Jan 30, 2005
Vietnam's plans to put a satellite in space have suffered a delay but remain a priority for the government which is keen to acquire a powerful symbol of its sovereignty and technological prowess.

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