Intelsat is the world’s second largest provider of satellite capacity for media customers, according to Euroconsult, with a 20 percent global share. We have delivered television programming to the world since the launch of our first satellite. We provide satellite capacity for the transmission of entertainment, news, sports and educational programming for more than 350 broadcasters, content providers and Direct-to-Home (“DTH”) platform operators worldwide. We have well-established relationships with our media customers and, in some cases, have distributed their content on our satellites for over 25 years.

Media customers are our second largest customer set. At $881 million in revenue, our Media customer set was essentially unchanged as compared to 2013, and accounted for 36 percent of our revenue for the year ended December 31, 2014. Media contracted backlog totaled $6.6 billion at December 31, 2014, an increase of $0.4 billion compared to $6.2 billion at December 31, 2013.

In 2014, our video neighborhood investments continued to reap benefits, particularly in the Latin America region, where we launched Intelsat 30, a satellite with the primary mission of delivering DTH services for DIRECTV® Latin America under a 15-year service commitment.

Our media business is expected to benefit in the near- to mid-term from the launch of three satellites that serve our video neighborhoods. The Intelsat 34 and Intelsat 31 satellites are currently expected to launch in the third quarter of 2015 and the first quarter of 2016, respectively. Combined with the Intelsat 30 satellite, the three satellites will further enhance our successful media business in the Latin America region.

Focused on Supporting new Requirements

The Intelsat 36 satellite, providing growth capacity for our DTH and distribution neighborhood serving Sub-Saharan Africa, is planned to follow the launch of three satellites in late 2015 and in 2016. Our recently announced collaboration with Azercosmos, which will provide customized capacity for our 45° E neighborhood, will be used to support DTH services in Europe and Asia, continuing media momentum into 2017.

Media Case Study

An attractive feature of our business model is the signing of long-term agreements for our satellite capacity, providing on-going visibility for revenue and cash flows. In June of 2014, Intelsat signed a 15-year service agreement with MultiChoice, Africa’s leading pay TV provider, on a new satellite to be added to the Intelsat network, Intelsat 36. This satellite will be co-located with Intelsat 20 at 68.5°E, Intelsat’s premier direct-to-home (DTH) neighborhood in Africa. MultiChoice has been the anchor customer at the 68.5°E location since 1995. Our agreement with MultiChoice is a clear demonstration of our mission to partner closely with the leading media and enterprise customers in each region, to understand their network requirements and then create the infrastructure that will support their growth goals. The additional capacity will allow MultiChoice to expand its lineup of HD programming and improve its network resilience.