Brief: Intelsat Q4 earnings per share $5.56

SB Technology

28/02/2017 12:00

Feb 28 (Reuters) - Intelsat  I.N  
    * Intelsat announces fourth quarter and full-year 2016 
results 
    * Intelsat SA qtrly earnings per share $5.56 
    * Q4 revenue $550.7 million versus I/B/E/S view $543.2 
million 
    * Intelsat - Softbank Group to capitalize Intelsat with $1.7 
billion investment in new equity to effect Intelsat debt 
reduction through exchange offers 
    * Intelsat SA - announced conditional combination agreement 
with Oneweb in a share-for-share transaction 
    * Sees FY 2017 revenue $2.18 billion to $2.225 billion 
    * Intelsat SA says backlog as of December 31, 2016 was $8.7 
billion 
    * Intelsat SA sees adjusted EBITDA for full year 2017 to be 
in range of $1.655 billion to $1.700 billion 
    * Intelsat SA - anticipate that assuming completion of 
merger with Oneweb there will be capital expenditure reductions 
 
Source text for Eikon:  ID:nBwbpPCv7a  
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