The Justice and Homeland Security departments gave their blessing Tuesday for FCC...
The Justice and Homeland Security departments gave their blessing Tuesday for FCC approval that would allow Intelsat to hold an initial public offering (http://xrl.us/bmr748). The departments previously asked the commission to wait to act on Intelsat’s application pending a government…
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review. The IPO, which could result in the transfer of FCC licenses and authorizations, would be permissible as long as the commission includes conditions that Intelsat previously agreed to adhere to in 2007. Intelsat said in a letter to the department it would continue to comply with the conditions, which include the use of a committee that oversees “security issues related to Intelsat’s domestic communications network, records related to domestic communications, and electronic surveillance by U.S. federal, state, and local authorities.” The 2007 agreement to which the company will continue to adhere said Intelsat must be willing to assist with “lawfully authorized electronic surveillance” and provide notifications of board changes.