Washington - British private equity firm BC Partners on Tuesday agreed to acquire a 76% stake in Intelsat, the provider of satellite communications services, in a deal that values the company at $5.03 billion.

Washington - Intelsat, a provider of satellite communications services, has put itself on the auction block, with major bidders including the team of EchoStar Communications and Liberty Media, according to various media reports.

New York - Sirius Satellite Radio announced that it has tapped NXP Semiconductors to provide the chip that will power its in-car satellite TV service. The Nexperia PNX9520 processor will be utilized for Sirius Backseat TV, a family programming service slated to launch later this year in select 2008 model Chrysler, Jeep and Dodge vehicles.

New York - Sirius Satellite Radio announced on Thursday that Chrysler Group will be the first automaker to offer its new in-car satellite TV service in its 2008 model year vehicles.

Englewood, Colo. - Satellite TV provider EchoStar Communications announced on Wednesday that its Asian subsidiary has made a $40 million investment in South Korea's TU Media Corp., the operator of a satellite-based mobile TV service.

Washington - XM Satellite Radio, a provider of satellite radio service to more than 7.6 million subscribers, is negotiating a deal to sell its XM-4 satellite for as much as $300 million, and then lease it back, Barron's Online reported. Citing information from UBS analyst Lucas Binder, Barron's said the deal would provide extra liquidity for XM, removing the need for it to access its revolving credit line. The company is scheduled to report its fourth quarter and full year earnings next week.

Las Vegas - U.S. satellite TV providers DirecTV and EchoStar Communications on Tuesday unveiled dueling portable satellite TV receivers at the Consumer Electronics Show in Las Vegas.