Global satellite provider Intelsat is in the lead to buy Canada’s Telesat. According to reports, Intelsat is now the front runner in the bidding battle to buy the Canadian satellite operator, and is seen to be ahead in the process thanks to a complex restructuring which will therefore comply with US anti-monopoly regulations.

Eutelsat is reportedly also very keen to pick up the Canadian company which, if successful, would give it a strong presence over North America. Echostar is another contender.

However, Intelsat is seen as being in a good position to wrap up the deal and which values the Canadian operator of the Anik series of satellites as being some US$6.5 billion. Intelsat will refinance its debt and bring in new equity funding in order to close the deal. Fresh funding will come from Sovereign Wealth Funds in Singapore and China as well as the Middle East, thus bringing a wider ownership structure to Intelsat, and thus make the deal more palatable to US regulators.

Other posts by :

1. Safran Space links laser direct to satellite
2. SpaceX fearful of AST SpaceMobile’s potential?
3. Equatys wants 2,800 new satellites
4. FCC eyes freeing up Weird Space Stuff spectrum
5. SES happy with releasing 160MHz of spectrum for 5G
6. Inmarsat “likely to win appeal” over Ligado/AST action
7. FCC seeks fair play over foreign satellite access
8. Bank raises RocketLab target price
9. Paramount throws kitchen sink

Categories: Articles, Business, M&A