Inmarsat and Intelsat post strong results as government business expands
Heavy demand from government customers helped generate solid growth at Intelsat and Inmarsat last year—a trend that can be expected to accelerate in future years. The strong showing underscored continued growth across the satellite telecom sector (see p. 48). In its 2009 results released on Mar. 9, Intelsat—the biggest fixed satellite service operator—reported record revenues of $2.5 billion (up 6% over the year before), and a 7% boost inearnings before interest, taxes, depreciation ...
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