Gogo in-flight internet has been renamed Intelsat – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
As COVID-19 restrictions ease and passenger traffic increases at airports in key markets, including the US, Intelsat believes it is “well-positioned” to benefit from an expected economic expansion.
Even so, the satellite operator which acquired Gogo Commercial Aviation in December 2020 and with it content on thousands of Ku-band inflight connectivity-fitted tails can expect further changes at Gogo’s largest IFC customer, Delta Air Lines, as the US major has opted for a future with multiple Wi-Fi suppliers.
During the first quarter, Intelsat saw its revenue increase by 10% year-over-year to $502.8 million. Revenue for its Network Services business – which includes Gogo – was $214 million for the three-month period ended 31 March or 43% of Intelsat’s total revenue. This represented a revenue increase of 43% compared to the year-earlier quarter.
Intelsat Announces First Quarter 2021 Results
First quarter net loss attributable to Intelsat S.A. was $174.9 million
First quarter Adjusted EBITDA of $275.0 million or 55% of revenue
March 31, 2021 contracted backlog of $5.9 billion
Intelsat S.A. (the Company ) (OTC: INTEQ), today announced financial results for the three months ended March 31, 2021.
Intelsat reported total revenue was $502.8 million and net loss attributable to Intelsat S.A. was $174.9 million for the three months ended March 31, 2021.
Intelsat reported EBITDA
1, or earnings before net interest, taxes and depreciation and amortization, of $130.5 million and Adjusted EBITDA
1 of $275.0 million, or 55% of revenue, for the three months ended March 31, 2021.
Intelsat s Chief Executive Officer, Stephen Spengler, said, Overall, we delivered solid quarterly operational results which now include our Gogo Commercial Aviation business. Network Services benefited from new business from mobility and fixed networ
Intelsat Reports $912M Net Loss in 2020, Withdraws From OneWeb Lawsuit satellitetoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from satellitetoday.com Daily Mail and Mail on Sunday newspapers.
Intelsat completes acquisition of Gogo inflight broadband
Intelsat has completed its acquisition of the commercial aviation business of Gogo. It creates, says the company, “the world’s leading provider of inflight broadband connectivity to the commercial aviation industry”.
The $400m cash deal – which was first reported back in September 2020 – brings together the satellite operator with the provider of inflight broadband and entertainment services.
Intelsat will pair its global satellite and ground network with Gogo’s installed base of 3,000 commercial aircraft. Describing Gogo’s 2Ku antenna as best-in-class, it currently operates with 21 commercial airlines, including 9 of the top 20 global carriers.
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