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The FCC is weighing whether to force Inmarsat Ventures and Intelsat to complete initial public offerings, a move that could complicate investment plans by U.S. and European private equity firms that have spent billions of dollars to acquire the satellite operators. At issue is how the agency should interpret a 2000 law that ordered partially state-owned shareholders of Intelsat and Inmarsat to sell their stakes to private owners.
September 16, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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