PanAmSat Contracts Become Intelsat's Baggage

摘要

Intelsat's purchase of PanAmSat came with unexpected baggage in the form of launch contracts that PanAmSat signed and that are now causing headaches for Intelsat, according to industry officials. In at least one case, Intelsat appears to be under contractual obligation to provide in-orbit replacement capacity to a competitor if it cannot launch the competitor's satellite on time. With a launch delay now almost inevitable, Intelsat is scrambling to find a replacement launch option to avoid having to disrupt its own operations over Asia by providing capacity to the competitor, Measat Global of Malaysia, officials said.