Consolidation: Silver Bullet or Red Herring?

摘要

The recendy announced merger of PanAmSat into Intelsat, pending regulatory approval, is no doubt stunning news. The first instinct of many was to check that the press release was not a hoax, but as the news settled in and the idea grew familiar, it did not seem all that strange. Actually, in hindsight, it now appears this type of move in the commercial satellite industry was almost inevitable, and there is certainly a lot of logic behind an Intelsat-PanAmSat link up. After all, how many times have we heard the claims that commercial satellite operators are "ripe for consolidation"?