Intelsat Records USD 120.8 Million In H1 Revenue From Africa And The Middle East

Intelsat Q2 2020 Earnings from Middle East and Africa

Luxembourg-based global satellite operator Intelsat recorded USD 120.8 million in revenue from sales of its satellite services in Africa and the Middle East in the six months ended 30 June 2020; about 2.7% decrease from its USD 124.1 million earnings recorded from the region in the first half of 2019.

Intelsat’s total revenue across all geographical markets during the first six months of 2020 decreased by USD 97 million to USD 940.9 million, a 9.3% decline compared to its total earnings in H1 2019.

However, the percentage of the company’s revenue from MEA, compared to other geographical markets, increased to 13% in H1 2020 from the 12% recorded in H1 2019.

Intelsat Q2 2020 Earnings from Middle East and Africa
Breakdown of Intelsat revenue by billing region (in thousands). Source: Intelsat Form 10-Q Filing

For Q2 2020, Intelsat recorded USD 58.9 million in revenue from sales of its satellite services in Africa and the Middle East in the three months ended 30 June 2020; a 4.5% decrease from its USD 61.7 million earnings from the regions in Q2 2019.

With offices in Kenya, Senegal and South Africa, Intelsat is one of the leading global satellite operators active in Africa with its fleet of satellites and integrated terrestrial network providing DTH TV, connectivity and managed services on the continent. Some of Intelsat’s clientele in Africa include Multichoice, Canal+ and Sentech for media and DTH segment; Liquid Telecom, Orange for satellite connectivity, and ASECNA, an intergovernmental agency comprising of 18 African member countries and France, for in-flight connectivity and civil aviation segment.

 

 

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