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Intelsat reports record quarter but losses widens

March 23, 2009

Fixed satellite services provider Intelsat has reported revenue of $608.8 million and a net loss of $524.2 million for the three months ended December 31st, 2008.

The net loss includes non-cash charges of $326.8 million for orbital location impairments and $186.6 million for a loss on undesignated interest rate swaps. The company also reported EBITDA of a loss of $71.1 million.

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