News Broadcasting
US Justice Dept. clears Intelsat-PanAmSat merger
MUMBAI: PanAmSat Holding Corporation has announced that the United States Department of Justice is closing its antitrust investigation of the company’s proposed merger with satellite provider, Intelsat Ltd. The Justice Department is not seeking any conditions and is not otherwise commenting on, the proposed merger.
The transaction, in which Intelsat is to acquire PanAmSat for $3.2 billion in August, remains under review by the U.S. Federal Communications Commission (FCC), states an official release.
“PanAmSat today has worked hard to become one of the world’s leading providers of standard and high-definition television signals, with a highly reliable satellite fleet, top-notch service and a professional style of management,” said PanAmSat CEO Joe Wright. “We’ve reached the point where this merger with Intelsat makes a lot of sense for our shareholders, customers and employees. You won’t be able to match the combined quality of these two companies. We look forward to our new relationship with Dave McGlade, his management team and his employees.”
Commenting on the same, Intelsat Chief Executive David McGlade said, “With the Justice Department’s decision not to challenge our transaction, we are moving full speed ahead with our integration planning and preparations.
“We will be finalizing our financing over the next few weeks and should be in a position to close soon after receiving FCC approval.”
Intelsat and PanAmSat announced their merger agreement on 29 August 2005. Under the agreement, Intelsat will acquire PanAmSat for $25 per share in cash, or $3.2 billion. In addition, approximately $3.2 billion in debt of PanAmSat and its subsidiaries will remain outstanding or be refinanced. Closing of the transaction is subject, among other things, to the receipt of financing by Intelsat and to obtaining regulatory approval from the FCC, adds the release.
In addition, all other regulatory approvals required prior to closing have been obtained.
News Broadcasting
Business Today MindRush returns to Mumbai, spotlight on India’s edge in a fractured world
Policymakers and corporate heavyweights gather to map supply chains, energy security and markets
MUMBAI: As fault lines widen across global trade and geopolitics, Business Today is doubling down on India’s moment. The 14th edition of Business Today MindRush & Best CEOs Awards lands in Mumbai on March 28, pitching India’s strategic edge at the centre of a fragmenting world.
The day-long summit, presented by PwC, will bring together a tight mix of policymakers, industry leaders and market voices to decode shifting supply chains, maritime strategy, defence priorities, energy security and capital markets—sectors now deeply entangled with geopolitics.
M Nagaraju, secretary, department of financial services, ministry of finance, will headline the event, setting the tone for discussions that aim to track how India is repositioning itself amid disrupted trade routes and volatile energy dynamics.
The speaker slate reads like a cross-section of India Inc’s command centre. Krishna Swaminathan will zero in on sea lanes and supply chains, while Prashant Ruia is set to push the case for self-reliance in oil and gas. Ashish Chauhan will weigh in on capital markets at a pivotal juncture, as a panel featuring Vibha Padalkar, Sanjiv Mehta, Amish Mehta and Sanjeev Krishan debates navigating economic uncertainty.
Leadership under pressure will be another running theme. Madhavkrishna Singhania, Sharvil Patel, Karan Bhagat and Anurag Choudhary will unpack how businesses are steering through disruption. Arun Alagappan will turn the spotlight on fertilisers, Arundhati Bhattacharya will reflect on leadership transitions, while Anish Shah and S Vellayan will outline blueprints for building future-ready conglomerates.
The event will close with Aroon Purie setting the broader editorial lens, before the Best CEOs Awards recognise standout corporate leadership across sectors.
At a time when the global order looks increasingly splintered, MindRush 2026 is positioning itself as more than a conference—it is a signal that India intends not just to navigate the churn, but to shape it.
