Intelsat Q4 Revenue Falls
Intelsat Q4 revenue fell 3.7 percent to $619.1 million from the year-ago quarter, a news release said Wednesday. Network services were 46 percent of revenue at $284.1 million, a 5 percent decrease, it said. Government was 16 percent of revenue…
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at $99.7 million, a 14 percent decrease. Media was 37 percent of revenue at $226 million, a 3 percent increase. Income from operations fell 12 percent to $292.7 million. Intelsat stock fell 9.5 percent to $15.77 in trading Wednesday. It will launch Intelsat 34, a replacement for its 304.5 degrees East video neighborhood, in Q3, it said. Intelsat 31, a second satellite that will offer services for direct-to-home (DTH) provider DirecTV Latin America, will launch in Q1 2016, it said. Meanwhile, Intelsat 29e, an Intelsat EpicNG high-throughput satellite, will launch in Q1 2016, it said. Intelsat and Azercosmos, the national satellite operator of Azerbaijan, partnered to deliver the DTH Azerspace-2/Intelsat 38 satellite at 45 degrees East, Intelsat said in a news release Tuesday. The satellite will offer enhanced capacity, coverage and service offerings for Azerspace-1 and Intelsat 12, it said. Intelsat 38 will provide services for Africa, Asia and Central and Eastern Europe, it said. The satellite will be launched in 2017, it said.