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PanAmSat Makes Mexican Investment

PanAmSat Corp. made an equity investment in, and plans to grow its relationship with, Mexico’s Pegaso Banda Ancha, officials said Monday.

Pegaso Banda Ancha provides direct and flexible Internet connectivity to both corporate -- including Internet-service providers -- and residential markets throughout Mexico. The company is owned by Grupo Pegaso.

Grupo Pegaso and PanAmSat partnered in 2000 to form PanAmSat de Mexico, Mexico’s first service provider authorized to use non-Mexican satellites, which provides video, data and Internet services, as well as broadband capacity, to customers throughout Mexico.

“We are always exploring innovative ways to bring badly needed connectivity to Mexico,” PanAmSat CEO Joe Wright said in a prepared statement. “This relationship with Pegaso Banda Ancha is the result of our nearly six-year-old joint venture with Grupo Pegaso, and it enables us to play a significant role in the broadband revolution going across the region.