Intelsat reduces revenue, EBITDA forecast for 2017, trims capex plans

by Peter B. de Selding

Intelsat is banking on its Epic Ku-band HTS satellites to open new markets with lower per-megahertz prices. But it's taking longer than expected for the new demand to compensate for revenue declines in its ongoing business. Credit: Intelsat

PARIS — Satellite fleet operator Intelsat on June 16 trimmed its revenue and EBITDA forecast for 2017 and reduced is planned capex following slower-than-expected sales of its Epic Ku-band high-throughput-satellite (HTS) capacity.

The downward revenue forecast was small. Adjusted EBITDA for 2017 was reduced by . . .

To view the entire article, become a subscriber!

You may also like