PanAmSat Files for Nine Australian Ka-band Orbital Slots; Global Satellite Service Provider's Launch Schedule to Be Completed by Late 2007.Business Editors WILTON, Conn.--(BUSINESS WIRE)--Jan. 15, 2003 PanAmSat Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SPOT) today announced that it had filed for nine Ka-band orbital slots through the Australian Communications Authority (ACA ACA - Application Control Architecture ), the country's telecommunications commission. The ACA has forwarded the filings to the International Telecommunications Union See ITU. (body, standard) International Telecommunications Union - (ITU) ITU-T, the telecommunication standardisation sector of ITU, is responsible for making technical recommendations about telephone and data (including fax) communications systems for PTTs and suppliers. (ITU (International Telecommunication Union, Geneva, Switzerland, www.itu.ch) A telecommunications standards body that is under the auspices of the United Nations. Comprising more than 185 member countries, the ITU sets standards for global telecom networks. ) for final approval. The Australian Ka-band filings replace all except one of the U.S. Ka-band orbital filings that PanAmSat had previously held until today. PanAmSat intends to pursue Ka-band opportunities in the latter half of this decade when the market is more likely to develop. In addition, the company is designing a system that will optimally meet the needs of customers currently served by co-locating with existing PanAmSat satellites where appropriate. "We believe that the market for broadband services See broadband and broadband service provider. using Ka-band is more likely to develop within the timeframe of our new filings in the later part of this decade," said James Cuminale, executive vice president, corporate development and general counsel of PanAmSat. "Given the current market climate, we decided to relinquish our U.S. Ka-band orbital locations, which would have required systems to be placed in service before 2005." This is the second time PanAmSat has approached the ACA for an orbital location. In 2000, PanAmSat successfully secured a C/Ku-band slot through the ACA. PanAmSat has had a presence in Australia since 1994, when the company opened its Asia-Pacific headquarters in Sydney. "PanAmSat's previous experience with the ACA for a C/Ku-band slot had been an extremely positive one. The ACA is a governmental agency that is highly competent, respected universally in radio spectrum management and responsive to business," continued Cuminale. "We look forward to developing these licenses in cooperation with the Australian government." About PanAmSat PanAmSat Corporation is the premier provider of global video and data broadcasting services via satellite. Operating a global network of 22 in-orbit spacecraft, the company reaches 98 percent of the world's population through cable television systems, broadcast affiliates, direct-to-home operators, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and telecommunications companies. PanAmSat is 81 percent owned by HUGHES Electronics Corporation. For more information, visit the company's web site at www.panamsat.com. About HUGHES HUGHES is a world-leading provider of digital television entertainment, broadband services, satellite-based private business networks, and global video and data broadcasting. HUGHES is a unit of General Motors Corporation. The earnings of HUGHES are used to calculate the earnings per share attributable to the General Motors Class H common stock (NYSE NYSE See: New York Stock Exchange : GMH GMH General Motors Holden's ). |
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