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.