Intelsat Announces Preliminary Fourth Quarter and Full Year 2015 Results

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Intelsat S. A. (I) Ratings Placed on CreditWatch Negative by S&P

February 23, 2016 9:52 AM EST

Standard & Poor's Ratings Services said that it placed its ratings on Intelsat S.A. (NYSE: I) and all of its subsidiaries, including the 'B' corporate credit rating, on CreditWatch with negative implications.

The CreditWatch placement follows the company's announcement that it expects revenue to decline 6.5%-9% in 2016, which is well above our original base-case forecast for a 3% revenue decline. As such, we expect adjusted debt to EBITDA will increase to about 9x in 2016 from about 8.1x in 2015, and that free operating cash flow will be negative this year... More

Intelsat S. A. (I) Tops Q4 EPS Views; Guides FY16 Revenue Below Expectations

February 22, 2016 7:35 AM EST

Intelsat S. A. (NYSE: I) reported Q4 EPS of $0.55, $0.19 better than the analyst estimate of $0.36. Revenue for the quarter came in at $571.3 million versus the consensus estimate of $575.88 million.

GUIDANCE:

Intelsat S. A. sees FY2016 revenue of $2.14 - $2.20 billion, versus the... More