Intelsat sees improvement in revenue

Satellite operator Intelsat has posted revenues of US$644.3 million (€461.6 million), up 4.3% and a net loss of US$106.4 million for the quarter to September 30.

Intelsat CEO Dave McGlade said, “Today’s report, with solid revenue growth of 4.3% 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.”