Intelsat Reports First Quarter 2008 Results
Washington, D.C., May. 15, 2008-- Intelsat, Ltd, today reported results for the three-month period ended March 31, 2008. Intelsat reported revenue of $572.7 million and a net loss of $412.7 million for the three months ended March 31, 2008, which included $313.1 million in restructuring and transaction costs incurred in connection with the February 4, 2008 acquisition of all of the equity ownership of its parent, Intelsat Holdings, Ltd., by Intelsat Global, Ltd. (formerly known as Serafina Holdings Limited), an entity controlled by funds advised by BC Partners Holdings Ltd., Silver Lake Partners and certain other equity investors.
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