PARIS — Satellite fleet operator Intelsat has presented debt holders with two very different visions of the future.

In one scenario, backed by Intelsat and some of its creditors, the company’s $14.8  billion in debt is reduced by 53%, to $7 billion. The post-Chapter 11 company would be provided with a $750 million revolving credit facility.

Its business gradually recovers, with a 10% increase in revenue by 2024 as Mobility overtakes Media as the revenue leader.

In the second scenario, creditors . . .

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