Intelsat Ltd. reported revenue growth of 85 percent in the first quarter of 2007 but posted a loss of $115.1 million due to the acquisition of PanAmSat, Intelsat announced May 14.
 
Total revenue in the first three months of 2007 was $518.2 million, up from $280.4 million in the same period in 2006. The operations of PanAmSat contributed about $215.6 million to the increase, including $18.3 million for operations by the G2 Satellite Solutions government business sold to Intelsat General. Intelsat cited increased sales of transponder services and managed solutions for revenue increases generated by existing and new customers in Africa, the Middle East and North America.
 
CEO David McGlade said the company’s "continued strong revenue backlog of $8.1 billion provides solid evidence of the predictability of our future revenue streams.”