{"id":81062,"date":"2013-05-11T01:13:29","date_gmt":"2013-05-10T17:13:29","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/intelsat-signs-new-major-boeing-deal-releases-first-quarter-results\/"},"modified":"2013-05-11T01:13:29","modified_gmt":"2013-05-10T17:13:29","slug":"intelsat-signs-new-major-boeing-deal-releases-first-quarter-results","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/intelsat-signs-new-major-boeing-deal-releases-first-quarter-results\/","title":{"rendered":"Intelsat Signs New Major Boeing Deal, Releases First Quarter Results"},"content":{"rendered":"\n\n\n\n
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\nThe 702MPs will deliver high-capacity data transmission tailored to Intelsat customer needs.<\/i>
\nImage credit: Boeing\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[Satellite TODAY 05-10-13] Intelsat<\/b> announced Thursday it would be purchasing four new high-performance EpicNG 702 MP satellites from Boeing allowing the company to benefit from Boeing\u2019s \u201cexclusive technology,\u201d David McGlade, Intelsat\u2019s chairman and CEO said during a conference call with investors. Intelsat has now ordered a total of eight satellites from Boeing as part of its EpicNG program.
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\n     \u201cThis technology provides differentiation of our services to the applications we serve and, more importantly, meaningful benefits for our customers,\u201d McGlade said.
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\n    But the main purpose of Thursday\u2019s Intelsat conference call was to discuss the company\u2019s fiscal health during the first quarter of 2013. McGlade said that despite the U.S. Government\u2019s budget sequestration, Intelsat reported a two percent revenue increase in 2013\u2019s first quarter. He said he remains optimistic that Intelsat\u2019s business will remain fiscally healthy despite tough economic conditions.
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\n     \u201cWith careful management of operating expenses, we will be disciplined in managing through any short-term disruptions that could result from sequestration,\u201c McGlade said.
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\n    The company also reported that for the first quarter of 2013, Intelsat\u2019s On-Network revenue saw a 4 percent increase.
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\n     \u201cWithin on-network revenue, transponder services increased $22 million or 5 percent to $502 million,\u201d McGlade said.
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\n    Michael McDonnell, Intelsat\u2019s chief financial officer cited global revenue sources spanning from the Americas to India and Africa as a part of the company\u2019s growth. The boon \u201calso reflects revenue for mobility and broadband infrastructure in our network services customer set,\u201d McDonnell added.
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\n    Intelsat\u2019s media division also saw aggressive growth over the past 18 months, company officials said.
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\n     \u201cOur media business continued to post strong growth,\u201d McGlade said. \u201cThis performance reflects strong demand for the refreshed capacity in our media neighborhoods and expansion of several DTH platforms,\u201d McGlade said noting that \u201cIntelsat is positioned to benefit from the rapidly expanding global consumption of content and data.\u201d
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\n    However, while revenue\u2019s saw a healthy increase, first quarter 2013 earnings were down 0.09 cents per share reflecting a net loss of $7.8 million with total revenue coming in at $655.1 million during 2013\u2019s first quarter.
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\n    New customer and renewal activity has remained steady.
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\n    According to a May 9 financial earnings report, the company had several recent windfalls including the launch of an IPO and the renewal of a United Nations contract for transponder services.
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\n     \u201cOne of our largest private network customers, the United Nations, signed a multi-year renewal. It uses capacity on three satellites and our IntelsatONE hybrid infrastructure to operate a secure global network that supports peacekeeping operations around the world,\u201d McGlade said.
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\n    Intelsat\u2019s IPO has also been a major event for the company this year. Announced in April, company officials indicated the IPO has already had a positive impact.
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     \u201cWe received $550 million in net IPO proceeds in April, which we will use to pay down $492 million of debt,\u201d McDonnell said. <\/p>\n","protected":false},"excerpt":{"rendered":"

The 702MPs will deliver high-capacity data transmission tailored to Intelsat customer needs. Image credit: Boeing [Satellite TODAY 05-10-13] Intelsat announced Thursday it would be purchasing four new high-performance EpicNG 702 MP satellites from Boeing allowing the company to benefit from Boeing\u2019s \u201cexclusive technology,\u201d David McGlade, Intelsat\u2019s chairman and CEO said during a conference call with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-81062","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/81062"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=81062"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/81062\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=81062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=81062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=81062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}