Intelsat Reports Revenue Increase, Record Backlog in Third Quarter
[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.”
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