Intelsat’s media revenues climbed 6% year-on-year in Q1 with growth in DTH services in Latin America, the Carribean and Africa partially offset by declines in Asia Pacific and North America.
Media revenue came to US$225.1 million for the three months ended March 31, 2017, and made up 42% of Intelsat’s total revenue. The two other big business areas, government and network services accounted for 17% and 39% of revenues respectively.
“Growth in our media business was driven by the two fully-committed satellites placed into service in 2016,” said Intelsat CEO, Stephen Spengler.
“While we continue to work through some near-term headwinds, our network services and government businesses are leveraging the higher performance services available from the Intelsat EpicNG network, which is now available on five continents. Backlog as of March 31, 2017 was US$8.5 billion.”
Overall, Intelsat’s first quarter revenue came to US$538.5 million and net loss attributable to Intelsat was US$34.6 million.
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