Intelsat Obtains Extension to ORBIT Act Initial Public Offering Deadline

By Space Daily Editorial Team · Editorial process

Published December 17, 2003 · Updated March 15, 2026

Intelsat, Ltd. Today announced that the Federal Communications Commission had approved its request under the Open-market Reorganization for the Betterment of International Telecommunications Act, or the ORBIT Act, to extend the date by which Intelsat is required to complete an initial public equity offering from December 31, 2003 to June 30, 2004.

“Intelsat respects its obligations under the ORBIT Act and we appreciate the responsiveness of the FCC in considering the many factors that led to our request,” stated Intelsat Chief Executive Officer Conny Kullman.

“We are now focused on closing on and integrating the North American satellite assets we are purchasing from Loral and then intend to conduct our initial public offering in compliance with the ORBIT Act.”

Written by

Space Daily Editorial Team

The Space Daily Editorial Team produces content across our two editorial pillars: space industry news and Mind & Meaning. We cover launches, missions, satellites, defense, and the technology of getting humans to space, alongside the psychology of ambition, isolation, and meaning under extremes. Articles reflect our team's collective editorial process, source verification, drafting, technical review, and editing, rather than a single writer's work. Space Daily takes editorial responsibility for content under this byline. For more on how we work, see our editorial policy.