Intelsat Initial Public Stock Offering Takes a Step Forward with FCC Filing

摘要

Satellite fleet operator Intelsat has asked U.S. regulators to allow the company to transfer control of all its satellite assets to new owners following an initial public offering (IPO) of Intelsat stock, the timing of which has not been determined. The filing with the U.S. Federal Communications Commission (FCC) says the IPO, likely to result in Intelsat stock being listed on a major U.S. exchange, will almost certainly result in publicly traded stock equivalent to more dian 40 percent of Intelsat's total equity. In addition to die public stock listing, die IPO could be accompanied by private transactions in which current Intelsat owners sell all or part of dieir stakes to other institutions, Intelsat said.