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Satnews Daily
May 13th, 2009

Financially Speaking... Intelsat...


Intelsat, Ltd. has reported results for the three-month period ended March 31, 2009.

Intelsat, Ltd. reported revenue of $631.8 million and a net loss of $557.6 million for the three months ended March 31, 2009. The net loss reflects non-cash charges of $499.1 million for orbital location impairments. The company also reported Intelsat, Ltd. EBITDA i, or earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortization, of a loss of $24.4 million, and New Bermuda Adjusted EBITDAI of $494.4 million, or 78 percent of revenue, for the three months ended March 31, 2009. To read the entire financial report, select this direct link.