Intelsat reported Q4 2013 revenue of $642.8 million,...
Intelsat reported Q4 2013 revenue of $642.8 million, which is down from $672.3 million in the same period in 2012. Intelsat reported revenue of $2.603 billion for the whole year, which is slightly down from $2.610 billion in 2012, it…
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said in a press release (http://bit.ly/1mf9kdr). The company’s revenue growth continues to be affected by reduced U.S. government spending and the oversupply environment in Africa, “which affects pricing within network services applications in that region,” it said. Those factors will likely persist this year, “resulting in overall reduced revenues for the full year compared to 2013,” it said. At $300 million, network services comprised 47 percent of Q4 2013 revenue, down 1 percent from the same period in 2012, it said. Revenue from media declined 3 percent to $218 million, it said. Government revenue also decreased in Q4 2013 by 14 percent to $116 million. Satellite-related services reported an aggregate decline of $7.5 million, “primarily due to decreased revenue from government professional services and flight operations support or third party satellites,” Intelsat said.