Intelsat Buys Protostar-1 Satellite
Intelsat, Ltd., the world’s leading provider of fixed satellite services, today announced that it was selected as the successful bidder in the 29 October public auction for the ProtoStar 1 satellite with a $210 million, all cash offer. Upon conclusion of the transaction, the satellite will be re-named Intelsat 25 and will join Intelsat’s global fleet, serving with the company’s other assets in the Atlantic Ocean region.
The satellite, built by Space Systems Loral, has 22 Ku-band and 38 C-band transponders. Upon its launch in July 2008, the satellite was expected to have a 16-year life span.