[Satellite Today 03-19-09] Intelsat Ltd. reported 2008 fourth quarter revenues of $608.8 million and full-year revenues of $2.3 billion, the company announced March 18.
The operator also reported fourth quarter net losses of $524.2 million, which the company said includes non-cash charges of $326.8 million for orbital location impairments and $186.6 million for a loss on undesignated interest rate swaps. Net loss for the year was $1.1 billion.
The company’s full-year EBITDA was $916.8 million and Intelsat New Bermuda’s adjusted EBITDA was $1.8 billion, or 78 percent of revenue.
"Intelsat ended a strong year with the best revenue quarter in the company’s history. Revenue grew by 6 percent in the quarter and 8 percent for the full year, and we ended the year with $8.8 billion in backlog," Intelsat CEO Dave McGlade said in a statement. "These new opportunities are evident in our Network Services and Government sectors, where we’re enabling the launch of innovative mobility and maritime applications, and in our media business," he said.
Intelsat Reports Fourth Quarter, Full Year Financial Results
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