Satellite

Intelsat Loses Bird; Sale in Jeopardy?

11/30/2004 5:19 AM Eastern

Intelsat Ltd. said its “Americas-7” satellite was lost following a sudden "electrical distribution anomaly" Sunday, AP reported.

The satellite, which launched in September 1999, provided service to North America, Alaska, Hawaii and parts of South America, according to AP.

The bird’s electrical failure could threaten the planned $3.1 billion sale of Intelsat to Zeus Holdings Ltd., which now has the option of canceling the transaction, AP reported.

Intelsat said the upcoming launch of its “IA-8” satellite, currently scheduled for Dec. 17, will help to mitigate the loss, adding that it is working with Space Systems/Loral, the bird’s manufacturer, to identify the cause of the problem, according to AP.

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