Intelsat Reports Revenue Increase, Record Backlog in Third Quarter

By | November 13, 2008 | Satellite News Feed, Telecom

[Satellite Today 11-13-08] Intelsat Ltd. saw a 10 percent increase in revenues to $598.5 million in its 2008 third quarter,  the company announced Nov. 12.
    Despite a net loss of $179.3 million, Intelsat grew its adjusted EBITDA 11 percent and increased its contract backlog to $8.7 billion at the end of the quarter.
    “Given the uncertain economic environment, we are operating with a heightened awareness of the potential impacts to our business and thus are carefully monitoring our key performance indicators,” Intelsat CEO Dave McGlade said in a statement. “With our services providing critical communications infrastructure, and our diversity across customer sets, service applications and geographic regions, we believe we are well-positioned for continued strong performance.”

To read an exclusive feature on how satellite operators are exceeding expectations in a difficult ecomonic environment, subscribe to Satellite News, our premium satellite industry business-to-business newsletter. Visit www.satellitetoday.com/VIP for more details.

Live chat by BoldChat