Intelsat grows fourth quarter revenues

Intelsat increased fourth quarter revenues by two per cent to US$652.9 million (€493 million).

Transponder services revenue increased to US$485.6 million from US$464.7 million a year earlier. The satellite operator said it ended 2011 with US$10.7 billion in contracted backlog.

CEO Dave McGlade said, “Intelsat delivered steady performance in 2011, led by our government and media businesses, which produced full-year growth of seven per cent and four per cent, respectively, on applications including aeronautical and maritime broadband and direct-to-home television. This growth was countered by regional dynamics in Asia Pacific and Africa, and events, including the May 2011 Intelsat New Dawn satellite anomaly, which limited revenue growth in our network services business.”