Inmarsat core business returns to growth

Satellite telecommunications group Inmarsat has reported that its core mobile satellite services (MSS) business has returned to growth in the first half to June 30th 2012.

Inmarsat revenue rose 1.4 per cent from the previous first half to $367 million, while total revenue was virtually unchanged at $684 million.

Chief executive Rupert Pearce said: “Despite a poor macroeconomic environment and a continuing loss of revenue from government users in Afghanistan (during H1), we have made solid progress in returning our Inmarsat Global MSS business to growth. Furthermore, the group is seeing sustained take-up and usage growth for its key services, FleetBroadband, IsatPhone Pro, and SwiftBroadband.”

“The outlook statement provided in March 2012 continues to reflect our expectations for the performance of the group and our medium term revenue targets remain unchanged,” he added.

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