UPDATE 1-Intelsat and Panamsat pull back from Eutelsat deal

Newswire

By Sinead Carew NEW YORK, Jan 24 (Reuters) - U.S. satellite operators PanAmSat Corp and Intelsat Ltd. both said on Friday they backed away from acquisition talks with Eutelsat but, Intelsat said it was still in discussions but needed more financial diclosure. PanAmSat Chief Executive Joe Wright said he would not enter acquisition talks again until the position with Eutelsat's shareholders, all of which have different agendas, is clearer. Intelsat spokeswoman Susan Gordon said: "We ...

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