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Intelsat posts Q1 loss, confirms FY guidance

Tuesday 1 May 2018 | 15:16 CET | News
Intelsat reported first quarter revenues of USD 543.8 million, up from USD 538.5 million a year earlier, although the company's net loss widened to USD 66.8 million, or USD 0.56 per share, compared to a net loss of USD 34.6 million, or USD 0.29 a share, in Q1 2017. The adjusted EBITDA rose to USD 418.6 million from 409.8 million a year earlier, with Intelsat CEO Stephen Spengler stressing solid progress on the company's operating priorities for 2018 ahead of planned launches of the Intelsat 38 and Horizons 3e satellites in the second half of the year.

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Categories: Broadcast & Satellite
Companies: Intelsat
Countries: World
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