Americas Markets - Latest Developments


Washington, D.C., February 28, 2013

Intelsat S.A. reported it suffered a net loss of $146.6 million on revenue of $2,610.2 million in 2012. The company reported EBITDA of $1,940.6 million, and Adjusted EBITDA of $2,016.5 million, or 77 percent of revenue, for 2012. 

Intelsat posted revenue of $672.4 million and a net loss of $3.7 million in the last quarter of 2012.  The company EBITDA, or earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortization, was $520 million, while its Adjusted EBITDA was $516.5 million, or 77 percent of revenue, in the last quarter. 

Richmond, BC, Canada, February 27, 2013

MacDonald, Dettwiler and Associates Ltd. (MDA) reported financial results for the full year and fourth quarter ended December 31, 2012.  Consolidated revenues for the full year 2012 increased to $880 million compared to $761 million for the year ended  December 31, 2011.

Ottawa,Canada,  Feb. 21, 2013

Telesat Holdings Inc. reported on Thursday a US$ 206 million (Ca$ 210) decrease in profitability, which the company blamed on a large one-time insurance claim it received last year.

Englewood, Colo. Feb. 20, 2013

EchoStar Corporation today reported total revenue of US$ 786 million for the quarter ended Dec. 31, 2012 compared to US$ 834 million for the corresponding period in 2011. Total revenue for the fiscal year ending Dec. 31, 2012 is US$ 3,122 million compared to US$ 2,761 million for the corresponding period in 2011.

London, UK, February 15, 2013

Bob Zitter, EVP and CTO of Home Box Office (HBO) and Daniel Danker, General Manager of On Demand at the BBC, leading industry players in the OTT space, are set to deliver keynotes at next month’s TV Connect in London. The conference and exhibition, now in its ninth year, has evolved to reflect the changing nature of the converging connected entertainment ecosystem, which increasingly looks towards services, content and user-experience, rather than just technology, to drive the market.

Long Beach, Calif., February 15, 2013 by Peter Galace, Associate Editor

Following the unsuccessful launch of the Intelsat 27 spacecraft on February 1, 2013, majority owner RSC Energia affirmed last week its unfailing commitment to the long-term success of the Sea Launch program. But despite the assurances from the Sea Launch partners, the company faces grim prospects. In addition to its difficulty to now secure launch contracts necessary for its survival, the company also faces a big lawsuit that could dampen prospects of Sea Launch’s emergence from bankruptcy.

Dulles, Va., February 14, 2013

Orbital Sciences Corporation today reported its fourth quarter and full year 2012 financial results.  Fourth quarter 2012 revenues were $354.6 million, up 6% compared to $335.5 million in the fourth quarter of 2011.  Fourth quarter 2012 operating income was $31.3 million, an increase of 41% compared to $22.2 million in the fourth quarter of 2011.  

EL SEGUNDO, Calif., February 14, 2013

DirecTV reported on Thursday an increase in fourth quarter net income by 31% to $942 million mainly due to addition of  761,000 new subscribers mostly from Latin America.

The satellite TV giant said fourth quarter 2012 revenues rose by 8% to $8.05 billion, operating profit before depreciation and amortization increased by 8% to $1.92 billion, and operating profit rose by 7% to $1.30 billion compared to last year's fourth quarter.

Fairfield, Conn., February 13, 2013

GE announced today the sale of its remaining 49% common equity interest in its joint venture with Comcast, which includes NBCUniversal (NBCU), as well as the NBCU floors in 30 Rockefeller Center, for $18.1 billion.

“By adding significant new capital to our balanced capital allocation plan, we can accelerate our share buyback plans while investing in growth in our core businesses.”

Hauppauge, New York, February 7, 2013 

Globecomm Systems, Inc. reported a 3.2% decline in revenues to $160.9 million for fiscal 2013 six months ended December 31, 2012 compared to $166.2 million in the same period last year.

Globecomm said net income was $6.5 million or $0.28 of diluted net income per common share compared to net income of $18.6 million or $0.82 of diluted net income per common share in the same period last year.