- Focus our core business on attractive and growing broadband, mobility and media applications, and innovative government solutions;
- Optimize our space-based assets, including orbital locations and spacecraft;
- Incorporate new technology into our core network to capture growth from new applications and evolving customer requirements;
- Drive innovation through creative acquisitions and new business models; and
- Apply our increasing cash flows to de-lever the business, improving our maturity profile and generating increased equity value
- Globalization of economic activities is increasing the geographic expansion of corporations and the communications networks that support them while creating new audiences for content;
- Connectivity and broadband access are essential elements of infrastructure supporting the rapid economic growth of developing nations;
- The emergence of new content consumers resulting from economic growth in developing regions results in increased demand for free-to-air and pay-TV content, including cable and direct-to-home (“DTH”);
- Proliferation of formats results in increased bandwidth requirements as content owners seek to maximize distribution to multiple viewing audiences across multiple technologies;
- Mobility applications, such as wireless phone services, maritime communications and aeronautical services, are fueling demand for mobile bandwidth; and
- Increased government applications, such as the increased use of fixed and mobile technology in regions of conflict, are fueling demand for satellite capacity.
- Scale economies that result from our ability to spread network operations costs over the largest fixed satellite fleet in the industry;
- Advantageous relationships with key vendors due to the volume and breadth of our purchasing requirements;
- A cost-efficient, largely wholesale, business-to-business marketing approach;
- A fully integrated corporate and operational structure, with a primary satellite operations center for fleet management and regional sales offices located close to our customers;
- An efficient operating expense profile, with operating expense as a percentage of revenue among the lowest in the industry;
- An efficient capital expenditure profile, with the lowest capital expenditure as a percentage of revenue over the last 10 years among major providers of comparable satellite services, based upon publicly available data;
- A stable, efficient and sustainable tax profile for our global business that is largely independent of our leverage level and of short term benefits such as the carry-forward of net operating losses; and
- A long-dated and staggered debt maturity profile and a simplified covenant structure, supported by highly-predictable cash flows.
Intelsat (Luxembourg) S.A. Debt:
6 3/4% Senior Notes due 2018 - $ 500
7 3/4% Senior Notes due 2021 - $2,000
8 1/8% Senior Notes due 2023 - $1,000
Intelsat Jackson Holdings S.A. Debt:
7 1/4% Senior Notes due 2020* - $2,200
7 1/4% Senior Notes due 2019* -$1,500
7 1/2% Senior Notes due 2021* - $1,150
6 5/8% Senior Notes due 2022 - $1,275
5 1/2% Senior Notes due 2023* - $2,000
Sr Secured Term Loan due 2019 (L+275)* - $3,095
* Guaranteed by Intelsat Jackson’s guarantor subsidiaries.
The company announced debt refinancings, redemptions and repayments activity in March and April 2013; information on those activities is available through our press releases on this website.