Intelsat reports “steady” performance
May 8, 2012
Intelsat, the world’s leading provider of satellite services, has reported revenue of $644.2 million and a net loss of $24.4 million for the three months ended March 31, 2012. The company also reported EBITDAi (earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortisation) of $481.2 million
Intelsat CEO Dave McGlade said, “In the first quarter, Intelsat achieved steady financial performance, driven by our customers’ demand for the mission-critical communications infrastructure our network offers. We successfully launched Intelsat 22 in March, carrying the Australian Defence Force hosted payload and continuing the deployment of beams for our global broadband mobility infrastructure. This continued enhancement of our network positions Intelsat to serve high-demand applications in regions where growth is strongest.