Satellite Anomaly Causes Intelsat 3Q Net Loss
Intelsat, the largest global satellite company, reported revenue Tuesday of $528.5 million and a net loss of $172.5 million for the third quarter.
The company said its loss reflected both an asset-impairment charge of $49 million, to write down the book value of a satellite "that experienced an anomaly in September," as well as $19.9 million in restructuring costs related to its acquisition of PanAmSat.
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( The entire article is at the following source: http://www.multichannel.com/article/CA6391117.html )
The company said its loss reflected both an asset-impairment charge of $49 million, to write down the book value of a satellite "that experienced an anomaly in September," as well as $19.9 million in restructuring costs related to its acquisition of PanAmSat.
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( The entire article is at the following source: http://www.multichannel.com/article/CA6391117.html )
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