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Intelsat Delays 2005 Earnings Release For Second Time
Satellite operator Intelsat Ltd. has delayed indefinitely the release of its 2005 fourth quarter and full year earnings and may not meet the U.S. government’s March 31 deadline for filing the information, the company announced March 30. This was the second time in 10 days that Intelsat delayed the release of its 2005 revenues and earnings, which originally was scheduled for March 23.
In the third quarter of 2005, Intelsat reported revenues of $293.6 million and a net loss of $54.5 million.
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