Intelsat Reports Second Quarter 2012 Results

press release
Wednesday, August 01, 2012

Satellite investment program progresses with three launches planned for third quarter; Intelsat EpicNG high performance satellite platform establishes leadership with long-term commitments.
  
Intelsat S.A., the world's leading provider of satellite services, reported financial results for the three months ended June 30, 2012. Intelsat S.A. reported revenue of $638.7 million and a net loss of $84.0 million for the three months ended June 30, 2012.  The company also reported Intelsat S.A. EBITDAi, or earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortization, of $468.3 million, and Intelsat S.A. Adjusted EBITDAi of $492.0 million, or 77 percent of revenue, for the three months ended June 30, 2012.  Contracted backlog at June 30, 2012, was $10.6 billion.
 
Intelsat CEO Dave McGlade said, "In the second quarter, Intelsat achieved steady financial performance while embarking upon a new era in our continuing industry leadership.  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."
 
McGlade continued, "In June, we announced the realization of our long-term vision for our global infrastructure, the Intelsat EpicNG satellite platform, our next generation satellite series.  Intelsat EpicNG incorporates a high performance and high throughput design with operational features that are important to our B2B customer base, such as frequency flexibility, open architecture and backward compatibility of ground hardware.  The recently announced long-term contractual commitments by blue-chip customers to the platform, as well as new commitments and renewals on the current fleet, demonstrate the enduring need for broadband infrastructure on land, sea and air."  

 

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Three More Workboats for Jordan

Sanmar Shipyards delivered three more vessels to the Aqaba Port Marine Services Company (APMSCO) for the Sheikh Subah Al Ahmad Al Subah LNG terminal at Aqaba, Jordan.

ASL Shipyard Secures S$140mln Build Contracts

ASL Shipyard Pte Ltd. a wholly-owned subsidiary of ASL Marine Holdings Ltd., has secured new shipbuilding contracts worth approximately S$140 million for the construction

Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year

Finance

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

Oil Plunge Deepens High-yield Gloom

US crude fell to a more than six-year low this week, clouding the picture for a high-yield energy sector that already faces a significant cull when credit lines are reevaluated in autumn.

NASSCO Invests in Facilities, Equipment and People

General Dynamics NASSCO has invested several hundred million in capital projects as part of its efforts to increase efficiencies via  modular shipbuilding, including:

Communication

Western Cape Ports Now 'smartPORTS'

The Ports of Cape Town and Saldanha became the latest to go live with Transnet National Ports Authority’s new R79 million web-based Integrated Port Management System (IPMS),

Mariners Dread Port Calls

Seafarer social media site Crewtoo, part of KVH Industries, Inc., has published the results of its second Crewtoo Seafarers Happiness Index report detailing job satisfaction at sea.

Cyber Security & the Challenge to Maritime Networks

“Look at me: I am the Captain now.” In the film “Captain Phillips,” a boarding Somali pirate’s statement represents a maritime operator’s worst fear: losing control of his vessel, cargo and crew.

 
 
Maritime Standards Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.6790 sec (1 req/sec)