WASHINGTON — Satellite fleet operator Intelsat, less than two years into its post-Chapter 11 emergence as a company with a manageable debt load and modestly improving revenue, is about to decide what to do next: All-ahead-full with an investment in a $1-billion-plus MEO constellation or stick with tuck-in investments including user-terminal manufacturers and a direct-to-device play?
The answer may lie in whether Intelsat’s bondholders and equity owners have the stomach for a risky capex commitment at a time when the company is . . .
To view the entire article, become a subscriber!
