Intelsat’s Q4 up
February 28, 2013
By Chris Forrester
Global satellite giant Intelsat reported Q4 revenues up $19.4 million, and a slight increase in its net losses for the quarter (from -$3.4 million to -$3.7 million). Translating that into its full year position shows that revenues were $2.6 billion (up marginally from $2.588 billion, although again an improvement in net loss for the year (when compared to 2011) of $146.6 million ($432,8 million).
Intelsat enjoyed 5 new satellite launches during the year, although suffered a total loss of its I-27 craft on February 1st. Intelsat’s all-important contract backlog (as at December 31st) stood at $10.7 billion.
“While the failure of the launch of Intelsat 27 early this month was deeply disappointing, we are already reconfiguring our satellite fleet to accommodate customer requirements, including on our global broadband mobility infrastructure, a demonstration of the resilience and flexibility of our global satellite network,” said CEO Dave McGlade. “We also plan to order a replacement satellite with a payload that addresses the specific needs of our media customers in the Americas. We enter 2013 with $10.7 billion in contract backlog and the resources to meet expanding demand for broadband connectivity, global media distribution solutions, and innovative, end-to-end government services.”