LUXEMBOURG & JOHANNESBURG - Thursday, June 12th 2014 [ME NewsWire]
(BUSINESS WIRE)--
Intelsat S.A. (NYSE: I), the world’s leading provider of satellite
services, announced today that it has signed a 15-year service agreement
with MultiChoice, Africa’s leading pay TV provider, on a new satellite
to be added to the Intelsat network.
The new satellite, Intelsat 36, is expected to launch in late 2016
and will be co-located with Intelsat 20 at 68.5˚E, Intelsat’s premier
direct-to-home (DTH) neighborhood in Africa. MultiChoice has been the
anchor customer at the 68.5˚E location since 1995.
"MultiChoice's success is built upon offering our subscribers the
best content and customer experience. By growing our presence at
Intelsat’s 68.5˚E neighborhood, we continue to bring our customers new
and innovative services," said Tim Jacobs, Group CFO of MultiChoice.
“Intelsat’s continued support will enable us to grow our business,
providing viewers with high quality programming and compelling
entertainment services.”
“Our agreement with MultiChoice is a clear demonstration of our
mission to partner closely with the leading media and enterprise
customers in each region, to understand their network requirements and
then create the infrastructure that will support their growth goals,”
said Intelsat’s SVP of Global Sales, Kurt Riegelman. “Since 1965,
Intelsat has committed to and invested in Africa’s communications and
broadcast infrastructure. This has resulted in robust satellite coverage
and Intelsat’s position as the leading provider of satellite services
in the region.”
The Intelsat 36 design will feature Ku- and C-band services. The
MultiChoice DTH services will utilize the Ku-band payload. The C-band
payload will provide services to other customers using the premier
Intelsat 68.5˚E video neighborhood, which also distributes content to
South Asian cable communities.
Concurrently with this news, Intelsat filed a report on Form 6-K with
the Securities and Exchange Commission updating its 2014-2016 capital
expenditure and customer prepayment guidance to reflect the net impact
of the new satellite program.
Resources:
- Intelsat's Media Services: http://www.intelsat.com/wp-content/uploads/2013/03/New_Media_brochure.pdf
- Intelsat's Media Services: Direct-to Home: http://www.intelsat.com/applications/media/direct-to-home-dth/
- Intelsat’s Media Services: Digital Terrestrial Television: http://www.intelsat.com/applications/media/digital-terrestrial-television-dtt/
- Intelsat and 4K Transmission: http://www.intelsat.com/wp-content/uploads/2014/04/4K_ultra_high_definition_television_satellite_transmission.pdf
Safe Harbor Statement
Some of the statements in this news release constitute
"forward-looking statements" that do not directly or exclusively relate
to historical facts. The forward-looking statements made in this release
reflect Intelsat's intentions, plans, expectations, assumptions and
beliefs about future events and are subject to risks, uncertainties and
other factors, many of which are outside of Intelsat's control.
Important factors that could cause actual results to differ materially
from the expectations expressed or implied in the forward-looking
statements include known and unknown risks. Some of the factors that
could cause actual results to differ from historical results or those
anticipated or predicted by these forward-looking statements include:
risks associated with operating our in-orbit satellites; satellite
launch failures, satellite launch and construction delays and in-orbit
failures or reduced performance; potential changes in the number of
companies offering commercial satellite launch services and the number
of commercial satellite launch opportunities available in any given time
period that could impact our ability to timely schedule future launches
and the prices we pay for such launches; our ability to obtain new
satellite insurance policies with financially viable insurance carriers
on commercially reasonable terms or at all, as well as the ability of
our insurance carriers to fulfill their obligations; possible future
losses on satellites that are not adequately covered by insurance; U.S.
and other government regulation; changes in our contracted backlog or
expected contracted backlog for future services; pricing pressure and
overcapacity in the markets in which we compete; the competitive
environment in which we operate; customer defaults on their obligations
to us; our international operations and other uncertainties associated
with doing business internationally; litigation; risks associated with
investing in a company existing under the laws of the Grand Duchy of
Luxembourg; and inadequate access to capital markets. Known risks
include, among others, the risks described in Intelsat’s annual report
on Form 20-F for the year ended December 31, 2013 and its other filings
with the U.S. Securities and Exchange Commission, the political,
economic and legal conditions in the markets we are targeting for
communications services or in which we operate and other risks and
uncertainties inherent in the telecommunications business in general and
the satellite communications business in particular. Because actual
results could differ materially from Intelsat's intentions, plans,
expectations, assumptions and beliefs about the future, you are urged to
view all forward-looking statements contained in this news release with
caution. Intelsat does not undertake any obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise.
About Intelsat
Intelsat S.A. (NYSE: I) is the world’s leading provider of satellite
services, delivering high performance connectivity solutions for media,
fixed and mobile broadband infrastructure, enterprise and government and
military applications. Intelsat’s satellite, teleport and fiber
infrastructure is unmatched in the industry, setting the standard for
transmissions of video and broadband services. From the globalization of
content and the proliferation of HD, to the expansion of cellular
networks and mobile broadband access, Intelsat creates value for its
customers through creative space-based solutions.
Envision…Connect…Transform…with Intelsat, celebrating 50 years of space
leadership in 2014. For more information, visit www.intelsat.com.
About MultiChoice
MultiChoice Africa (Pty) Limited ("MultiChoice ") is Africa's pioneer
pay TV provider, having launched the first digital satellite service in
1995. The company provides multi-channel digital pay television
platforms containing channels from Africa, America, China, India, Asia
and Europe and has over twenty years' experience in offering
cutting-edge digital technology and a selection of bouquets containing
premium television channels for subscribers.
Contacts
Intelsat
Dianne VanBeber
Vice President, Investor Relations and Communications
+1 703-559-7406
dianne.vanbeber@intelsat.com
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