[08-05-11] FSS operator Intelsat<\/b> reported a 1 percent increase in its overall 2011 second quarter revenues at $642.5 million, compared with 635.3 million reported in the same period last year, Inteslat announced in its latest financial results issued Aug. 4.<\/p>\n
The company\u2019s net losses, however, widened to $214.48 million from 181.91 million in 2010 and included a $158 million non-recurring charge received for loss on early extinguishment of Intelsat\u2019s debt resulting from refinancing activity. Intelsat\u2019s adjusted EBITDA remained flat at $500.8 million, which constitutes 78 percent of the operator\u2019s revenue.
\n \u201cBusiness activity is strong, driven by favorable demand trends for broadband infrastructure and media distribution for DTH and cable applications,\u201d Intelsat CEO David McGlade said in a statement. \u201cOverall growth was muted as a result of reduced mobile satellite services revenues in our government business and decreased network services revenues. Still, we experienced strong revenue growth of 9 percent in our government business and modest growth in our media business.\u201d
\n Intelsat\u2019s contracted services backlog was $9.8 billion at the end of the second quarter. McGlade said the operator plans to launch seven satellites through the first half of 2013. \u201cAs we add new transponders, enhanced beams and refreshed capacity, we will be able to support our customers\u2019 expansion plans and emerging services with attractive growth profiles, such as broadband connectivity for maritime and other mobile communications,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
[08-05-11] FSS operator Intelsat reported a 1 percent increase in its overall 2011 second quarter revenues at $642.5 million, compared with 635.3 million reported in the same period last year, Inteslat announced in its latest financial results issued Aug. 4. The company\u2019s net losses, however, widened to $214.48 million from 181.91 million in 2010 […]<\/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-84431","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84431"}],"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=84431"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84431\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}