PARIS — Intelsat expects to order a replacement for its failed IS-29e satellite before the end of the year and will choose a one of the new-generation, flexible, lighter-weight designs being offered by multiple manufacturers.
Intelsat Chief Executive Steve Spengler said that the company is sticking with previous estimates that it will take a $70 million hit to its EBITDA this year, with a $50 million impact on revenue, as a result of the sudden failure of IS-29e in April.
In a Sept. 18 . . .
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