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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Asian Airlines Pause Before Hedging on Fuel

Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel. Airlines in Asia-Pacific are holding off from hedging their

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3212 sec (3 req/sec)