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Intelsat sees $56.07 million May net loss, $135.1 million revenue
By Sarah Lizee
Olympia, Wash., July 16 – Intelsat SA reported a $56.07 million net loss on $135.1 million of revenue for the May period, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Eastern District of Virginia.
These figures compare to a $32.57 million net loss on $134.65 million of revenue for the April period.
The company listed $515.05 million of cash and cash equivalents as of May 31, compared to $584.05 million at the end of April.
Intelsat is a Luxembourg-based satellite telecommunications company. The company filed bankruptcy on May 14, 2020 under Chapter 11 case number 20-32299.
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