Intelsatís private equity owners are said to be preparing a sale of some of the satellite operatorís assets.
SES, Eutelsat and Liberty Media have all be cited as potential buyers, according to a report in the Financial Times.
Liberty previously tried to acquire the operator in 2007, when DirecTV also emerged as a possible suitor.
In the end it was BC Partners and Silver Lake that acquired the satellite giant for $16.5 billion, in the process taking on $11 billion in debt, a figure that has risen to $14 billion.
The worldís largest satellite operator has seen its share price fall by 10% over the last four weeks.
Intelsat maintains a high fill rate on over 2,000 transponders across its fleet, but has struggled to hold its earnings.
Intelsat is not commenting on the reports.