Iridium Announces Q4 Results

Thursday, February 15, 2007
Iridium Satellite announces that it has 175,000 subscribers worldwide as of December 31, 2006. The new figure represents a 23.2 percent increase over last year’s subscriber total of 142,000. Revenue for the full year 2006 was $212.4 million and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) was $53.9m. Fourth quarter 2006 revenue was $53.2m and EBITDA was $14m.

The company will announce plans for its new satellite constellation initiative, called Iridium NEXT, at the SATELLITE 2007 Conference, February 19-22, in Washington, D.C. Already under development, Iridium NEXT will provide increased bandwidth, support powerful new devices, and enable new services for commercial and government users.

In contrast to the system performance recently announced by other mobile satellite services providers, Iridium continues to operate the strongest, most robust low-earth orbiting (LEO) network in the world well into the future. Iridium’s meshed network design fosters unmatched coverage and performance, and delivers high quality, mission critical service to its subscribers worldwide.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Venezuela Probes ex-minister accused of corruption in Ferry Deals

A former minister in President Nicolas Maduro's government denied in an interview published on Friday accusations of corruption during the purchase of three

 
 
Maritime Contracts Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1672 sec (6 req/sec)