SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 29, 2010

 

 

Intelsat S.A.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Luxembourg   000-50262   98-0346003

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification Number)

23, Avenue Monterey

Luxembourg

Grand-Duchy of Luxembourg

  L-2086
(Address of Principal Executive Offices)   (Zip Code)

+(352) 24 87 99 20

Registrant’s telephone number, including area code

Intelsat, Ltd.

Wellesley House North, 2nd Floor, 90 Pitts Bay Road,

Pembroke, Bermuda

(Former Name or Former Address, If Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 7.01 Regulation FD Disclosure.

Intelsat S.A. hereby furnishes the following capital expenditures guidance information.

Capital Expenditures for 2010 to 2012

Intelsat S.A. today announced annual capital expenditure guidance for the three fiscal years beginning January 1, 2010 and ending December 31, 2012 (the “Guidance Period”).

We expect our 2010 total capital expenditures to range from $825 million to $900 million, including some capital expenditures that were expected to be incurred in 2009 but that now are expected to be incurred in 2010. Expected annual capital expenditure ranges for fiscal years 2011 and 2012 are $800 million to $875 million, and $450 million to $525 million, respectively.

We have nine satellites in development, including Intelsat New Dawn, that are expected to be launched during the Guidance Period. In addition to these announced programs, we expect to procure two additional replacement satellites during this period. By the conclusion of the Guidance Period, we do not expect our total station-kept transponder count to change significantly from current levels. Our guidance excludes capital expenditures associated with the Intelsat New Dawn satellite being procured and launched by our New Dawn joint venture.

The forward-looking statements made in this report reflect our current intentions and beliefs about our capital expenditures. These forward-looking statements speak only as of the date hereof and are not guarantees of actual capital expenditures and are subject to uncertainties and other factors, many of which are outside of our control. The amounts and timing of our actual capital expenditures may differ from our expected capital expenditures and there can be no assurance that we will incur the capital expenditures described in this report or that we will be able to fund these capital expenditures in the future.

Safe Harbor Statement

Some of the statements in this report constitute “forward-looking statements” that do not directly or exclusively relate to historical facts. The forward-looking statements made in this report reflect Intelsat’s intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, including known and unknown risks, uncertainties and other factors, many of which are outside of Intelsat’s control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Some of the factors that could cause actual results to differ from historical results or those anticipated or predicted by these forward-looking statements include changes in our expected capital expenditures during 2010 and the next several years due to any or all of the risks and uncertainties identified in our filings with the U.S. Securities and Exchange Commission referred to below. Known risks include, among others, the risks included in Intelsat’s annual report on Form 10-K for the year ended December 31, 2008 and its other filings with the U.S. Securities and Exchange Commission, the political, economic and legal conditions in the markets we are targeting for communications services or in which we operate and other


risks and uncertainties inherent in the telecommunications business in general and the satellite communications business in particular. Because actual results could differ materially from Intelsat’s intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this report with caution. Intelsat does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

*            *            *

 

The information in this item 7.01 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 29, 2010

 

INTELSAT S.A.
By:  

/S/    MICHAEL MCDONNELL        

Name:   Michael McDonnell
Title:   Executive Vice President & Chief Financial Officer