For his part, Intelsat Chief Financial Officer Anthony O’Brien said the company expects to conclude 2023 with about $2.1 billion in net debt. The company had started the year with roughly $5.8 billion in debt.
O’Brien noted that the current situation is “the best position the company has been in a long, long time, with flexibility to create value as we move forward.”
Looking ahead, Wajsgras said his company’s strategy is to become a leading provider of secure end to end satellite based network solutions for commercial and government customers.
“The folks that can execute and deliver end-to-end connectivity are the companies that are going to win in this new industry,” Intelsat’s CEO said.