Intelsat has lost its second communications satellite in as many months with the failure of its IS-805 7000-series satellite built by Lockheed Martin. The satellite, launched on an Ariane 4 in 1997, is a total loss in geosynchronous orbit after an "electrical power system anomaly". The earlier satellite lost, IS-804, was not insured as its value was less than $150 million and Intelsat will write off the $73 million loss. Zeus Holdings, which will take over the Intelsat satellites, is evaluating the failure, which may result in a lower price for the acquisition.
Source: Flight International