Apple’s iPhone 14 has already promised ‘emergency’ S.O.S. connectivity in remote areas in the US or Canada by using Globalstar direct-to-smartphone satellites. Now Iridium, already extremely active in supplying satellite-phone connections, says it will bring in “basic” S.O.S. for emergencies and casual use. Apple’s service will provide iPhone 14 users outside of a normal cellular […]
Analysts at Barclays have taken a close look at satellite stocks and while the bank marked down Iridium Communications (by 4.9 per cent, to a price target of $45) it has rated SES as ‘overweight’ for investors. In general terms capacity demand for telecommunications services is staying on a path for “exponential” growth (Barclays estimates […]
Iridium Communications operates 66 active satellites and connects its customers with global voice and data from its hand-held satellite phones and terminals. It has moved from a quarterly loss to its fourth straight quarter of double digit growth and a profit and reported an extremely buoyant forward guidance with subscribers growing to 1.78 million (from […]
Satellite constellation Iridium has trimmed its quarterly loss to $5.9 million ($7.9 million a year ago, and $107.9 million back in 2019) helped by “the best subscriber growth in the company’s history” according to CEO Matt Desch. Iridium is best described as the original pioneer in low Earth orbiting craft and has a secure 7-year […]
Mobile satellite operator Iridium says it has grown its ‘billable’ subscriber base by 14 per cent to 1.518 million, saying that the jump was driven by growth in both commercial and government customers. Iridium’s revenue growth during the first quarter-year of 2021 grew 1 per cent to $146.5 million made up of $116.2 million in […]