Intelsat Reports Quarterly Revenues of $543 Million
In a second-quarter 2007 earnings report, fixed satellite services provider Intelsat Ltd. claimed revenue of $543.2 million and a net loss of $31.7 million for the three months ended June 30, 2007.
The company’s results for the three- and six-month periods were announced on Aug. 9. Those results reflected the impact of the July 3, 2006, acquisition of PanAmSat Holding Corp. (PanAmSat), which was subsequently renamed Intelsat Holding Corp. Results for the second quarter of 2006 are not pro forma for the PanAmSat acquisition.
For the six months ended June 30, 2007, Intelsat reported revenue of $1.1 billion against a net loss of $146.7 million.
"Intelsat is well-positioned to benefit from the growth trends in our industry such as mobility, IP applications, and globalization, and as a result we are experiencing solid growth in applications such as wireless extension services, broadband, and direct-to-home television,” said Intelsat CEO Dave McGlade in a statement. He added that “new offerings such as our maritime broadband service further our position in mobile services and we intend to continue to expand our mobile offerings.”