Intelsat's African Business Stabilized, but Challenges Remain

摘要

Satellite fleet operator Intelsat said its business in Africa, where bad debt had tripled in 2013 over usual levels, has stabilized as it renegotiates contracts at lower rates but that second-tier fleet operators are offering cut-rate transponder capacity that maintains pricing pressure. Luxembourg and McLean, Virginia-based Intelsat said its business with the U.S. government, which the company had forecast would be down 15-20 percent in 2014, is proving to be just as bad as expected, as few new bid requests for commercial capacity are being decided.