Intelsat Q2 down £28m

It hasn’t been the best of trading quarters for Intelsat, having suffered an in-orbit failure and the consequent loss of revenue from the craft.

Its Q2 results show revenues of $509 million (€456.4m), down $28 million on the same period last year. The lost satellite (I-29e) meant a $382 million asset impairment charge.

Source: Intelsat Q2 down £28m