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[Satellite TODAY 08-02-12] Intelsat reported 2012 second-quarter revenues of $638.7 million and a net loss of $84 million during the three-month period ending June 30, the company announced in its latest financial results issued Aug 1.
The FSS operator also reported EBITDA of $468.3 million and adjusted EBITDA of $492.0 million, representing 77 percent of its revenue during the quarter. Intelsat’s contracted backlog stood at $10.6 billion at the end of the quarter.
In June, the operator announced its rollout plan and long-term vision for its Intelsat EpicNG satellite open architecture platform and next-generation satellite series. Intelsat EpicNG incorporates a high-performance and high throughput design with operational features such as frequency flexibility, open architecture and backward compatibility of ground hardware. The company signed a number of deals since the announcement with Panasonic Avionics, Harris CapRock and MTN Satellite Communications.
“In the second quarter, Intelsat achieved steady financial performance while embarking upon a new era in our continuing industry leadership,” Intelsat CEO Dave McGlade said in a statement. “Near term, our 2012-2013 launch program will provide valuable growth capacity and also include the final phase of deployment of our global broadband mobility infrastructure. As these satellites enter service, our business will benefit from demand for fixed and mobile applications serving media, government and network services customers. Given the timing of this expansion capacity being added to our fleet, revenue growth in the second half of 2012 is expected to begin to accelerate modestly; total year 2012 revenue results are expected to be slightly positive as compared to 2011.”
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