Sun, Dec 12, 2004
Company delays launch of IA-8 satellite until results of IA-7
analysis are in
Intelsat announced on
Friday that 22 transponders on the Intelsat-Americas-7 satellite
have been tested, are performing normally and are available to be
put back into service. Already, several of these transponders are
being used to provide service to Intelsat customers.
Intelsat continues to work closely with Space Systems/Loral to
determine and fully analyze the cause of last week's anomaly,
though the complexity of the event means it may take several months
to deliver a final report.
Until the IA-7 investigation report is completed, Intelsat has
temporarily delayed the launch of its IA-8 satellite. Intelsat CEO
Conny Kullman, stated, "In order to continue upholding the highest
standards in satellite operations, and in the interest of providing
the best possible service for our customers, we have decided to
delay the IA-8 launch until we receive the results of the IA-7
anomaly investigation. In the meantime, we remain committed to
providing high-quality service across all satellites in the
Intelsat fleet."
Given the current condition of IA-7, Zeus Holdings Limited,
Intelsat's prospective acquirer, would have the option not to
consummate the acquisition of Intelsat if the loss is not remedied
in accordance with the terms of the agreement with Zeus. Zeus has
been advised of Intelsat's decision to delay the launch of IA-8 and
continues to evaluate the extent to which the IA-7 anomaly and the
IA-8 launch delay could impact the pending acquisition.
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