In connection with such repayment and redemption of Intelsat
Corp's indebtedness, Intelsat
Corp intends to cease filing annual and quarterly periodic reports with the US Securities and Exchange Commission, effective immediately.
He also stated that "the creation of New Skies proves that INTELSAT
is willing and able to restructure itself to keep pace with the changing demands of the marketplace.
21 and Intelsat
23 are also scheduled for launch in the third quarter.
Finally, South Korean telecommunications company Onse Telecom, one of the largest providers of telephone, broadband and Internet access in South Korea, recently signed an agreement for additional capacity on Intelsat
8 and Intelsat
Strategically located to fulfill INTELSAT
's mission of universal service on a nondiscriminatory basis, the new INTELSAT
VII and VIII series spacecraft will carry forward INTELSAT
's tradition of high-quality, reliable, cost-effective services anywhere on the globe.
In connection with the Intelsat
Sub Holdco Tender Offers, Intelsat
Sub Holdco is also soliciting the consent of the holders of the Intelsat
Sub Holdco Notes (the "Intelsat
Sub Holdco Consent Solicitations", and together with the Intelsat
Jackson Consent Solicitations and the Intermediate Holdco Consent Solicitation, the "Consent Solicitations") to certain proposed amendments to the indentures governing such notes, among other things, to eliminate substantially all of the restrictive covenants, certain events of default and certain other provisions contained in the applicable indentures.
's next launch, INTELSAT
704, is scheduled for January 10, 1995, on a Martin Marietta Commercial Launch Services Atlas IIAS.
703 separated from the Martin Marietta Atlas IIAS vehicle at approximately 28 minutes after liftoff.
The contract with Intelsat
enables Avail Media to distribute high-quality video and audio services to our clients in a robust fashion," said Jon Romm, Executive Vice President of Sales for Avial Media.
The demonstration at the INTELSAT
booth is being provided by Newsforce, a turnkey television production company that provides broadcast services worldwide.
The senior notes will be used to refinance the $600 million senior unsecured credit facility of Intelsat
Bermuda, which is a subsidiary of Intelsat
With 20 satellites in orbit over the Atlantic, Indian, and Pacific Oceans, INTELSAT
owns and operates the world's most extensive satellite network, providing service to 219 countries and territories.