INTELSAT: INTELSAT CEO cautions Senate on satellite legislation.

0 Comments | M2 Presswire, March, 1999

M2 PRESSWIRE-30 March 1999-INTELSAT: INTELSAT CEO cautions Senate on satellite legislation (C)1994-99 M2 COMMUNICATIONS LTD RDATE:250399 Washington, D.C. -- Mr. Conny Kullman, INTELSAT's Director General and Chief Executive Officer, in testimony before the Senate Subcommittee on Communications, today cautioned the Senate against passing any legislation which may have the unintended consequence of impeding the privatization of INTELSAT.

In opposing the bill (S. 376), he emphasized that no legislation is necessary to ensure that INTELSAT privatizes competitively. In fact, Kullman noted, INTELSAT's users and owners are committed to restructuring for valid commercial and business reasons. However, a final decision to transform INTELSAT into a privatized...