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LONDON, UK / ACCESSWIRE / June 5, 2018 / If you want access to our free research report on Intelsat S.A. (NYSE: I), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=I as the Company's latest news hit the wire. On June 01, 2018, the Company announced that it has signed a deal with the Ministry of Transport and Communications of Myanmar ("MOTC") to accelerate the deployment of the wireless communications infrastructure in Myanmar. The MOTC will utilize services on Intelsat 39, a Ku- and C-band satellite, which is scheduled to replace Intelsat 902 at 62° East in 2019. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Under the new multi-year, multi-transponder agreement, Intelsat 39 will host both C- and Ku-band satellite services for Myanmarsat-2, which will enable the Government of Myanmar to significantly enhance its existing network as well as the networks of other mobile operators' and media companies.
This will advance the expansion of affordable, high-speed broadband and internet connectivity to government agencies, businesses, and communities throughout the country. It will also support and advance the MOTC's goal of ensuring that 95% of its population will have access to broadband connectivity by 2022.
By integrating satellite solutions into its own mobile networks, the MOTC will be able to dramatically increase its overall network bandwidth, speed, and reliability as it expands 3G and 4G services into the more remote areas of Myanmar.
It will also satisfy e-government requirements and ensure that communities have access to a broad range of government services, including healthcare and education. The satellite will also provide critical e-banking services, as well as distribute informative and entertaining content to viewers throughout Myanmar.
MOTC Partnership with Intelsat Ensures that Businesses will have Access to Fast, Sustainable Broadband Connectivity
Commenting on the announcement, U Chit Wai, Permanent Secretary of MOTC Union Minister's Office at MOTC, stated that by expanding its relationship with Intelsat, the power and efficiencies generated by Intelsat's Globalized Network fortifies MOTC's network infrastructure, expands broadband connectivity outside of Myanmar's urban centers, and enhances the educational, health, media, and government services provided to the people of Myanmar. U Chit Wai added that MOTC's partnership with Intelsat ensures that businesses will have access to fast, sustainable, high-quality broadband connectivity to support the expansion of the media, energy, and banking sectors, and spur further economic development across the country.
Intelsat Began Offering Services in Myanmar in 2016
In May 2016, the MOTC of Myanmar utilized services on two Intelsat satellites to advance the deployment of the country's wireless communications infrastructure, and expand broadband access for businesses. The multi-year, multi-transponder agreement, awarded under the authority of the MOTC, allowed the Government of Myanmar to significantly enhance its network as well as other mobile operators' networks, hastening the expansion of high-speed broadband and internet connectivity to business and communities throughout Myanmar. MOTC used C-band satellite services on Intelsat 902 located at 62° East, and Ku-band services on Intelsat 906 located at 64° East for VSAT network and cellular backhaul services.
About Intelsat S.A.
Headquartered in McLean, Virginia, Intelsat operates the world's first Globalized Network, delivering high-quality, cost-effective video and broadband services anywhere in the world. Intelsat's Globalized Network combines the world's largest satellite backbone with terrestrial infrastructure, managed services, and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services.
Stock Performance Snapshot
June 04, 2018 - At Monday's closing bell, Intelsat S.A.'s stock marginally advanced 0.77%, ending the trading session at $17.12.
Volume traded for the day: 2.94 million shares.
Stock performance in the last month – up 47.33%; previous three-month period – up 249.39%; past twelve-month period – up 463.16%; and year-to-date - up 405.01%
After yesterday's close, Intelsat S.A.'s market cap was at $2.15 billion.
The stock is part of the Technology sector, categorized under the Diversified Communication Services industry. This sector was up 0.9% at the end of the session.
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