Intelsat keeps FY guidance despite lower revenues, profit

Thursday 26 October 2017 | 15:32 CET | News
Intelsat said revenues for the third quarter slipped to USD 538.8 million from 542.7 million the year before, with the net result going to a loss of USD 30.4 million from a gain the year before of 195.6 million. The figure benefited last year from a net gain of USD 219.6 million for the extinguishment of debt. The adjusted EBITDA meanwhile rose to USD 420.5 million from 404.9 million. CEO Stephen Spengler said the results reflect the ongoing transition of the company, as Intelsat's network services business continues to move toward a high-throughput satellite model of greater volume and lower

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Categories: Broadcast & Satellite
Companies: Intelsat
Countries: World
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