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Las Vegas - Apr 20, 2004 PanAmSat Corporation has launched PASport, a global, on-the-spot broadcasting service for the transmission of breaking news and live events around the world. Leveraging the power of PanAmSat's 24-satellite fleet with its' 22,000 mile video fiber network this new service gives broadcasters and video content producers access to PanAmSat's global hybrid network from virtually every corner of the globe. "PASport enables PanAmSat to combine its fiber service capabilities that stretch from Europe to Singapore, with over 400 satellite paths on 14 global satellites resulting in the world's largest and most complete broadcast contribution network. With these assets, PanAmSat is even better positioned to provide seamless, high-quality global transmission solutions for our core broadcast customers," said Mike Antonovich, senior vice president, sales and marketing of PanAmSat. "The fiber network complements and strengthens our world-class satellite fleet, enhancing our ability to offer complete door-to-door services in a single, managed solution. By combining the reach and ubiquity of satellites with the efficiency and economy of terrestrial fiber, PanAmSat provides even more options and alternatives for the transmission of video around the world." PanAmSat has interconnected over 24 access points or points of presence (POPs) throughout the world, easing the connectivity to existing satellite uplink facilities. Now locations that previously could not access satellites directly are able to connect to the PanAmSat fleet on a more efficient and cost effective basis. In addition to improving network access in media-intensive markets such as Paris, London, New York, Washington, Los Angeles, Hong Kong and Singapore, it marks the first time that PanAmSat has owned technical and network facilities in Europe. Related Links PanAmSat SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express
El Segundo - Apr 20, 2004PanAmSat Corp. and its 80.5 percent stakeholder, The DirecTV Group, Inc., announced Tuesday that they have signed a definitive transaction agreement with affiliates of Kohlberg Kravis Roberts & Co. ("KKR") for the sale of PanAmSat Corp. at $23.50 in cash per share. The aggregate transaction value, including the assumption of approximately $750 million of net debt, is approximately $4.3 billion. |
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