Intelsat Announces Second Quarter 2017 Results

Tysons Corner, Va., July 27, 2017 Satellite operartor Intelsat S.A. (NYSE: I), today announced financial results for the three months ended June 30, 2017. Intelsat reported total revenue of US$ 533.2 million and a net loss attributable to Intelsat S.A. of US$ 23.8 million for the three months ended June 30, 2017.

Intelsat reported EBITDA or earnings before net interest, loss/(gain) on early extinguishment of debt, taxes and depreciation and amortization, of US$ 407.3 million and Adjusted EBITDA1 of US$ 417.9 million, or 78 percent of revenue, for the three months ended June 30, 2017.

Intelsat’s Chief Executive Officer, Stephen Spengler, said, “Our second quarter 2017 revenue of US$ 533 million, and Adjusted EBITDA of US$ 418 million, are in line with our June guidance update.  We are making progress on sales of Intelsat Epic services with several new contracts on Intelsat 33e now completed, demonstrating that our new satellites are delivering superior performance for our service provider customers.  The introduction of new Intelsat Epic enabled services, such as our operationally-efficient wireless solutions for 2G and 3G network extensions, expands our market opportunities as we continue to deploy the Intelsat EpicNG network.  Progress on these optimized managed services, plus continued development of distributor relationships, support our return to growth as we complete our network deployment.”

Mr. Spengler continued, “The Intelsat 35e satellite mission is successfully progressing, with in-orbit testing now underway.  The third quarter launch of Intelsat 37e, the fifth satellite in the Intelsat EpicNG fleet, is our last launch planned for 2017.  By the end of this year, we expect to achieve in-orbit resilience across a substantial portion of the Intelsat EpicNG fleet, creating an infrastructure that will unlock new applications for satellite-based solutions, connecting people and devices everywhere.”

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