Intelsat re-signs TV
August 14, 2009
Intelsat reported results for the three months and six months ended June 30, 2009 with revenue of $642.5 million and a net loss of $32.7 million for
the three months. The company reported EBITDAi,
of $522.4 million.
"Intelsat's record Adjusted EBITDA in the second quarter of 2009 surpassed the
$500 million level for the first time, reflecting attractive revenue growth and solid
execution on cost management," said Intelsat CEO Dave McGlade. "Our network
services business and Intelsat General Corporation government business are thriving
as a result of the demand for the communications infrastructure we provide for
applications such as broadband networking, cellular backhaul, and mobility."
"In the second quarter we entered into a significant long-term renewal in our media
business, underscoring the value of our satellite neighbourhoods and contributing to
an increase in our backlog to $9.5 billion at June 30, 2009 from $8.7 billion at the
end of the first quarter."