Intelsat files for IPO

Satellite operator Intelsat is planning to launch an IPO to raise up to US$1.75 billion (€1.37 billion).
Intelsat told the US Securities and Exchange Commission that Goldman Sachs, JP Morgan and Morgan Stanley were underwiting the public offering.

The company, currently private-equity-backed, posted revenues of about US$2.6 billion and a net loss of US$400 million last year.