A majority stake in Intelsat Ltd., the leading global provider of fixed satellite services, will be purchased from its parent company, Intelsat Holdings Ltd., by a group led by BC Partners with other investors, Intelsat announced June 19.

The definitive agreement calls for the BC Partners-led group to acquire approximately 76 percent of the primary ownership of Intelsat Holdings, Ltd. in a transaction valuing Intelsat’s equity at approximately $5.03 billion. 

Intelsat CEO Dave McGlade is expected to continue in his role with the company.