Iridium relaxed about rival direct-to-device services
Iridium Communications, despite going through a Chapter 11 bankruptcy some 20 years ago, has in general since gone on from strength to strength. However, its second-quarter numbers reported a loss of $30.7 million (€27.6m) when analysts were expecting profits. Its shares fell 13 per cent on July 25th. Iridium is a pioneer in providing satellite-based […]
July 27, 2023By Chris Forrester