The company posted second quarter revenues of US$616 million (€459 million), down 6% on the 2013 figure, and adjusted EBITDA of US$490 million, down from US$509 million in 2013. The company’s EBITDA margin improved from 78% to 80%, while it turned a 2013 2Q net loss of US$408 million into a profit of US$67 million.
On the downside, Intelsat said it faced a number of challenges limiting growth in the near term, including a lack of marketable inventory ahead of the launch of its next satellite in the fourth quarter, as well as reduced US government spending and intense network services competition in Africa.
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