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News Breaks
February 20, 2014
07:41 EDTIIntelsat sees FY14 CapEx $575M-$650M consistent with prior guidance
Sees 2015 CapEx $775M-$850M consistent with prior guidance. Sees FY16 CapEx $625M- $700M. The company said, "CapEx guidance for 2014 and 2015 assumes investment in nine satellites in the manufacturing or design phase during the guidance period. We expect to launch four satellites in FY14 and FY15, two satellites in FY16, and will continue work on three remaining satellites for which construction will extend beyond the Guidance Period. By the conclusion of the guidance period in FY16, the number of transponder equivalents is expected to increase by a compound annual growth rate of 4.5% as a result of the launch of the satellites covered by the guidance period. We will launch two of our new Intelsat EpicNG high-throughput satellites in FY15 and FY16, increasing our total transmission capacity. Our capital expenditures guidance includes capitalized interest."
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December 11, 2014
09:16 EDTIIntelsat appoints president and CCO Stephen Spengler as Deputy CEO
Intelsat S.A announced that current Intelsat President and Chief Commercial Officer Stephen Spengler has been promoted to Deputy CEO, effective immediately. Under the company’s succession plan, Intelsat Chairman and CEO David McGlade will transition to the position of Executive Chairman, effective April 1, 2015, at which time Spengler will become CEO. McGlade will have served as the company’s CEO for 10 years.

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