Intelsat +4.5% as it extends media deals in Africa, Russia
Mar. 21, 2017 10:19 AM ET|About:
Intelsat SA (I)|By:
Jason Aycock, SA News Editor
Intelsat (NYSE:
I) is up 4.5% today and hitting its highest point this month after a pair of deals expanding media distribution relationships.
The company and Sentech have expanded an existing relationship to boost delivery of
media service in sub-Saharan Africa. The two have been partners for decades and Sentech has distributed its signal to 8.5M TV households.
In the deal, Sentech has contracted additional services on Intelsat 20.
Meanwhile, Orion Express signed a
multi-year extension for media distribution in Russia, using Intelsat 15. The new deal will cement that use "well into the next decade" and further consolidates services with Intelsat from another operator.
