Private Firms to Buy Intelsat for $3 Bln
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Four private equity firms plan to buy  Bermuda-based Intelsat for about $3 billion, the world's  second-largest satellite operator said on Monday.
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Intelsat Ltd., the pioneering commercial satellite company that connected the world through global television and telephone communications, announced Monday its sale to a group of private investors for $3 billion in cash. -The Washington Post
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Lockheed Martin Corp., the top US defense contractor, won a US Navy contract worth as much as $3.3 billion to develop and build a group of satellites to provide communications for ground troops.
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Motorola Inc.  on Tuesday said it agreed  to buy Symbol Technologies Inc.  for about $3.9 billion  in cash to expand its enterprise capabilities.
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Intelsat Ltd., the world's second-largest satellite operator, said on Monday it agreed to be bought by a consortium of four private equity firms for &#36;5 billion, including assumption of &#36;2 billion of debt.
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Two groups of private equity firms are   bidding to buy chip maker Freescale Semiconductor Inc. FSL.N   for about $16 billion, sources familiar with the matter said on   Monday.
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ProSiebenSAT1, the German commercial television group, said Wednesday it would buy rival SBS Broadcasting in a 3.3-billion-euro (4.4-billion-dollar) deal to create Europe&#39;s second-biggest broadcaster.
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Intelsat Ltd., the world's  second-largest satellite operator, said on Monday it agreed to  be bought by a consortium of four private equity firms for $5  billion, including assumption of $2 billion of debt.
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The unit was sold for $10.3 billion to a group of private equity firms that will take an equal stake in the company.
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Intel Corp. said Monday it plans to buy a US$218.5 million stake in the software firm VMware Inc., bolstering the companies&#39; existing agreement to run VMware&#39;s virtualization software on Intel&#39;s processors.
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A consortium led by Japanese telecommunications company KDDI and backed by Intel will receive one of two WiMax licenses to be awarded soon by the Japanese government, a report said Tuesday.The group, called Wireless Broadband Planning, and one led by rival carrier Willcom will be recommended by Japan&#39;s Ministry of Internal Affairs and Communications on Friday to a panel charged with selecting the groups to win the licenses, said the Tuesday morning edition of The Nikkei newspaper. The panel is expected to follow the ministry&#39;s recommendations.The Ministry of Internal Affairs and Communications could not immediately be reached for comment.Intel owns a 17.65 percent stake in Wireless Broadband Planning. The stake is matched by East Japan Railway and Kyocera, and all three sit behind leading shareholder KDDI, which has a 32.26 percent stake.The WiMax services will operate in the 2.5GHz band and will be capable of providing data service at up to 20Mbps to terminals travelling at up to 100 kilometers per hour, according to the Japanese government.Japan&#39;s cell phone carriers have been testing WiMax for some time, and Tuesday&#39;s report, if confirmed, will mean that market leader NTT DoCoMo and number three-ranked Softbank probably will have to lease networks from KDDI or Willcom if they are to offer competing services.KDDI is Japan&#39;s number two cellular carrier. It had 29 million subscriptions to its CDMA2000 cell phone service at the end of November this year, according to official figures. Willcom, which uses the PHS (Personal Handyphone System) technology to offer a data-centric service, had 4.6 million subscriptions.In contrast, NTT DoCoMo had 53 million subscriptions, and Softbank had 17.4 million subscriptions. Both carriers operate WCDMA (Wideband CDMA) networks.
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Cisco Systems today announced a deal to buy privately held Protego Networks, as the latest in a year-long acquisition spree aimed at rounding out Cisco&#39;s network security offerings.
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The private equity firm BC Partners will buy the worldâs largest commercial satellite operator, in a deal that values the company at about $5 billion.
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London-based private-equity firm BC  Partners was in the lead to purchase satellite operator  Intelsat Ltd. for about $5 billion plus the assumption of about  $11.5 billion in debt, The Wall Street Journal Online reported.
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French oilfield services group Compagnie  Generale de Geophysique is to buy Texas-based Veritas DGC Inc.  in a $3.1 billion deal to merge their seismic businesses, the  companies said on Tuesday.
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U.S. private equity house Lone Star said on Friday it sold a stake in Korea Exchange Bank as well as two domestic firms for a total of $2.3 billion, speeding up disposals of controversial South Korean investments.
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Liberty Media and EchoStar Communications Corp.'s reported interest in Intelsat Ltd. points to a renaissance in the commercial satellite market that is spurred by demand for high-definition television and faster Internet services, analysts said on Thursday.