Intelsat record revenues for Q2
August 15, 2008
Intelsat CEO Dave McGlade commented, “Intelsat’s second quarter results featured record revenues and continued strong operating performance. Our diverse customer base and global scale give us an outstanding competitive position. We continue to benefit from the communications infrastructure needs of global businesses, growing economies, mobile application providers and service providers entering newly deregulated markets. Our quarter-end backlog increased for the third quarter in a row to a record $8.5 billion, providing visibility-and continued stability-in our business.”
The number of high definition video channels distributed on the company’s satellite network increasing to nearly 90, primarily in North America and Europe. Intelsat also confirmed that it had ordered replacements for the Intelsat 704 and Intelsat 701 satellites, to be known as Intelsat 17 and Intelsat 18, respectively, as part of the company's fleet-investment programme. The company confirmed that it continues to expect 2008 capital expenditures to total between $460 million and $500 million.
Separately Intelsat revealed that OlympuSAT, a multimedia company, turnkey service provider and distributor, had signed a multi-year, multi-transponder deal to continue to distribute its bouquet of programming to millions of US able, satellite