Intelsat increases revenues

Satellite operator Intelsat reported third quarter revenues of US$654.9 million (€512 million), up US$2 million year-on-year. Net loss reached $34.5 million for the three months ended September 3.

Transponder services revenue increased to US$487 million from US$480 million a year earlier. The operator said contracted backlog at September 30 was US$10.8 billion.

Intelsat CEO Dave McGlade said, “In the third quarter, Intelsat achieved steady financial performance and further executed on our initiatives to serve media, broadband, mobility and government applications.  Sequential revenue growth increased as expected, as expansion capacity and a hosted payload entered service.  Overall, we continue to expect that full year 2012 revenue results will be slightly positive as compared to 2011.”