Economics

Intelsat reports $23.8 million loss during second quarter

Headquartered in Luxembourg, Intelsat provides communications infrastructure to customers in the network services, media and government sectors and forecasts their full-year 2017 revenue to be in a range of $2.150 billion to $2.180 billion.

28.07.2017

Luxembourg-based integrated satellite communications services Intelsat SA. announced a second-quarter loss of $23.8 million, after reporting a $131.4 million gain in the same period a year earlier.

Intelsat which is the operator of the world's first globalised network has reported a loss of 20 cents on a per-share basis.