Intelsat CEO promises transformation
September 15, 2022
By Chris Forrester
Intelsat’s new CEO David Wajsgras spoke to delegates at the Euroconsult Paris World Satellite Business Week and said that Intelsat was looking at transformation on multiple levels.
Intelsat is now fully emerged from bankruptcy although also surrounded by rumours that there could be a merger with arch-rival SES.
Wajsgras joined Intelsat in April. He told delegates: “The way the industry looks today with the core players may or may not look the same in the next couple of years. We’re thinking through at Intelsat what’s the best path forward for us and we’re considering various types of opportunities that will help support our growth path. I’m sure I’m not the only one.”
He added that he expected Intelsat to see revenues grow this year compared to 2021 and reversing a downward trend for the past decade.
Wajsgras praised the upcoming merger between Eutelsat and OneWeb and between Inmarsat and Viasat (all subject to the usual regulatory examination) but was deliberately shy about his own company’s moves as regards a merger with SES.
Wajsgras joined Intelsat from Raytheon Intelligence.
Intelsat is now ultimately controlled by Munich financial services company Allianz SE.