Investor FAQs
Company Information | Financial Information | Corporate Information
Company Information
What is the company's primary business?
Intelsat S.A. operates the world’s largest fixed satellite services (“FSS”) business, providing a critical layer in the global communications infrastructure. Based on the scale and global coverage of our network, our extensive customer relationships and our reputation for highly reliable services, we believe that we are the leading FSS company in the world. We operate more satellite capacity in orbit, have more satellite capacity under contract, serve more commercial customers and deliver services in more countries than any other commercial satellite operator.
What is the company's operating strategy?
Intelsat's strategy is to seek revenue growth and increased cash flow by expanding our leading FSS business in high growth regions and applications while maintaining our focus on operational discipline. Given our efficient operating structure, we believe our strategies will position us to continue to deliver high operating margins, and to generate strong cash flow and growth as our current fleet investment program is completed. The key components of our strategy include the following:
- Focus our core business on attractive and growing broadband, mobility and media applications, and innovative government solutions;
- Optimize our space-based assets, including orbital locations and spacecraft;
- Incorporate new technology into our core network to capture growth from new applications and evolving customer requirements; and
- Opportunistically use acquisitions and creative business structures for cost-efficient growth and attractive returns.
What drives Intelsat’s success?
We are an acknowledged leader in our industry, providing a mission-critical layer in the global communications infrastructure. We have exceptional assets in our flexible, complex network, including a fleet of satellites, an unsurpassed collection of orbital rights, and IntelsatOne, our ground infrastructure that incorporates teleports, points of presence (PoPs) and a fiber network.
We serve network services and media companies, as well as governments, that are addressing growing global demand for voice, video and data communications across greater distances and to and from hard-to-reach locations. Given our size, global reach and expertise, we are well- positioned to serve that demand.
Additionally, our business is well-diversified across customer sets and geographical regions, and our long-term contracts offer high visibility into future revenue streams. Our business model and team of approximately 1,100 talented, committed employees, enable us to generate attractive cash flow.
Who are your customers? What do you do for them?
Intelsat serves three primary customer sets: network services providers, media companies and governments. Our customers need to deliver voice, video and data transmissions to their customers, and we help them do that through our fleet of communications satellites and our IntelsatOneSM terrestrial network.
Financial Information
Is Intelsat a public company?
Intelsat is a privately-held company. It does not have publicly-traded common stock.
What long-term debt is issued by Intelsat and outstanding?
Intelsat’s long-term debt obligations as of 31 December 2012, are as follows:
Intelsat S.A. Debt:
- 6.5% Senior Notes due 2013 - $367 million
Intelsat Luxembourg S.A. Debt:
- 11.25% Senior Notes due 2017 - $2,966 million
- 11.5%/12.5% Senior PIK Election Notes due 2017 - $2,653 million
Intelsat Jackson Holdings S.A. Debt:
- 6.625% Senior Notes due 2022 - $661 million
- 8.5% Senior Notes due 2019 - $561 million
- 7.25% Senior Notes due 2019 - $1,614 million
- 7.25% Senior Notes due 2020 - $2,393 million
- 7.5% Senior Notes due 2021 - $1,268 million
- Senior Unsecured Term Loan due 2014 - $193 million
- Senior Unsecured Term Loan due 2014 - $801 million
- Senior Secured Term Loan B-1 due 2018 - $3,238 million
Is Intelsat's debt rated by any credit agencies?
Yes, Intelsat has received a credit rating from both Moody's Investor Service and Standard & Poor's Rating Services. Copies of their reports can be obtained directly from these agencies.
Does Intelsat report its results consistent with U.S. GAAP?
Intelsat's financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP).
Where do I find a summary of Intelsat's significant accounting policies?
A summary of our significant accounting policies can be found in our annual financial reports filed with or submitted to the U.S. Securities and Exchange Commission. Copies of these reports can be obtained via the Financial Information section of this website.
Who is Intelsat's independent auditor?
Intelsat's independent auditor for the fiscal year ended 31 December 2012 is KPMG LLP.
How can I receive copies of the company's annual report and other financial information?
You can download financial information directly from the Financial Info section of this website.
If you would like to receive ongoing announcements from the company via email, please sign up.
When is Intelsat's fiscal year?
Intelsat's fiscal year is the calendar year. The first quarter ends 31st March, the second quarter ends 30th June, the third quarter ends 30th September and the fourth quarter ends 31st December.
When is the company's next scheduled earnings announcement?
Intelsat posts the date of its quarterly earnings announcements on this website as soon as this information is available to the public. To see if this information has been announced for the upcoming quarter, please visit the Financial Events section of this website.
Corporate Information
When was the company founded?
We are the successor entity to the International Telecommunications Satellite Organization, formerly known as INTELSAT, which was created on an interim basis by its initial member states in 1964. INTELSAT was formally established as an inter-governmental organization in 1973 upon entry into force of an inter-governmental agreement. On 18 July 2001, INTELSAT privatized by transferring substantially all of its assets and liabilities to a new company established for this purpose, Intelsat, Ltd., and its subsidiaries. On 4 February 2008, Intelsat, Ltd. announced the successful closing of the acquisition of all the primary equity ownership of its parent, Intelsat Holdings, Ltd. ("Intelsat Holdings") by Serafina Holdings, Limited ("Serafina Holdings"), an entity formed by funds advised by BC Partners, Silver Lake and certain other equity investors. On 15 December 2009, Intelsat, Ltd. changed its domicile to Luxembourg and as a result of this migration, the company is now known as Intelsat S.A.
Who owns Intelsat now?
Intelsat’s primary investor is BC Partners, a leading private equity firm. Silver Lake Partners, a leader in private investment in technology and technology-enabled industries, is also a significant investor. As of 27 February 2012, funds advised by BC Partners owned approximately 76% of Intelsat’s common shares, and funds advised by Silver Lake Partners owned approximately 17% of Intelsat’s common shares.
What company name changes resulted from move of the corporate domicile from Bermuda to Luxembourg?
The following company name changes have been made:
- Intelsat Subsidiary Holding Company, Ltd. changed to Intelsat Subsidiary Holding Company S.A.
- Intelsat Intermediate Holding Company, Ltd. changed to Intelsat Intermediate Holding Company S.A.
- Intelsat Jackson Holdings, Ltd. changed to Intelsat Jackson Holdings S.A.
- Intelsat (Bermuda), Ltd. changed to Intelsat (Luxembourg) S.A.
- Intelsat, Ltd. changed to Intelsat S.A.
- Intelsat Holdings, Ltd. changed to Intelsat Holdings S.A.
- Intelsat Global Subsidiary, Ltd. changed to Intelsat Global Subsidiary S.A.
- Intelsat Global, Ltd. changed to Intelsat Global S.A.
In what country is Intelsat domiciled?
Intelsat is organized in Luxembourg. Intelsat Global Sales & Marketing Ltd. is our global sales and marketing headquarters and is organized under the laws of England and Wales. Intelsat Global Service, LLC, and Intelsat Corporation, Delaware companies, provide technical, marketing and business support services to Intelsat and its subsidiaries.
