Intelsat Ltd. reported revenues of $310.5 million in the 2006 second quarter, an increase of 7 percent from revenues of $289.8 million in the same period a year ago, the company announced Aug. 14. The revenue gains help Intelsat cut its net loss from $53.4 million in the 2005 second quarter to $42.7 in the most recent second quarter, which closed June 30.

Intelsat credited the revenue improvements to strong results from lease, channel and managed solutions service offerings. Lease services revenue increased $13.9 million to $196.9 million in the 2006 second quarter due to increased demand from Network Services and Telecom customers in North America, Africa and the Middle East. Channel revenue improved $9.5 million to $66.7 million due to a one-time channel termination fee of $20.6 million.

Mobile Satellite Services and other revenue fell from $21.9 million in the 2005 second quarter to $12 million in the 2006 second quarter due to reduced use of services sold to customers of Intelsat General. The declines were offset partially by increases in managed solutions revenue, which improved $7.2 million to $34.9 million driven by increased demand for trunking and private line solutions.

Intelsat completed its acquisition of Panamsat Holding Corp. July 3, shortly after the close of the second quarter. The new Intelsat will operate a combined fleet of 51 satellites and own eight teleports, and the financial impact of the acquisition should begin to show up in Intelsat’s fourth quarter, the company said.