Satnews Daily
November 8th, 2010
Intelsat... Financially Speaking...
Intelsat CEO Dave McGlade stated, “Today’s report, with solid revenue growth of 4.3 percent in the third quarter of 2010, as compared to the third quarter of 2009, is in line with our previous indications that we expected to achieve a higher revenue growth profile in the second half of 2010. Extending the trends of the past several quarters, strong performance in our government business outpaced that of our network services and media businesses.” McGlade continued, “We remain focused on increasing the value of our video neighborhoods, and on executing our business strategies with respect to growing applications, such as maritime and government, among others. We are successfully maintaining our strong contracted backlog, with pre-commitments from customers for capacity on soon to be launched satellites contributing to our $9.3 billion backlog at September 30, 2010, and providing visibility and stability of future cash flows.” To read the entire financial report, access this direct infolink....