[Satnews] Intelsat has had a terrible week, with its share price tumbling 5.5 per cent on September 22, but having collapsed from $9.83 to just $7.91 over the past five trading days. Intelsat shares are down by 54 per cent since the start of the year.
Now the Financial Times is reporting that the company is looking to selling some key assets, and Eutelsat and John Malone-backed Liberty Media are said to be examining the possibilities. The FT says SES or Canada’s Telesat could also be interested parties.
Intelsat is burdened by a massive $14 billion in debt, the highest in the industry by far.<
Source: Intelsat Has Had A Terrible Week ... Selling Assets To Pay Debt