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Intelsat reports Q2 loss, hit by impairment charge for satellite failure

Wednesday 31 July 2019 | 08:30 CET | News
Intelsat reported a second quarter net loss of USD 529.7 million, which included an asset impairment charge of USD 381.6 million. This compares to a loss of USD 46.8 million in the year-earlier period. The operator's previous quarterly release made reference to an impairment charge of that magnitude for the failure of its 29e satellite in April, and included a downward revision of the full-year revenue and EBITDA guidance. The revised objectives have remained unchanged, alongside the 2019-2021 capital expenditure targets.

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Categories: Broadcast & Satellite
Companies: Intelsat
Countries: World
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