Media deals in the Americas brighten Intelesat revenues
Gabriel Miramar-Garcia ©RapidTVNews | 06-03-2012
Intelsat S.A. reported revenue of $652.9 million and a net loss of $3.5 million for the three months ended 31 December, 2011. But successes in the Americas were a bright spot for the satellite capacity company.
Overall, transponder services saw an aggregate increase of $20.9 million, due primarily to a $15.4 million increase in revenue resulting from growth in capacity sold for media customers primarily in the Latin America and Caribbean region and the North America region, and a $3.7 million increase in revenue from capacity sold by Intelsat General business. Also, on-network transponder service revenue increased by a net $1.8 million related to capacity used by network services customers, primarily in Latin America.
Intelesat's media business in the region specifically benefitted from Viacom signing a multi-transponder, long-term renewal for capacity on two of Intelsat's leading cable programming distribution neighborhoods, Galaxy 18 serving North America, and Intelsat 9, serving the Latin America region and bridging to Intelsat 21, which is expected to launch later in 2012.
Separately, HBO Latin America expanded its services on Intelsat 9. HBO Latin America will use these services to add more high-definition channels to its lineup.
DirecTV meanwhile renewed its commitment to the Intelsat 3C satellite under a multi-transponder, multi-year agreement, providing North American distribution capacity for ethnic and local programming.