Iridium Teams Up to Supply Mexico
To accelerate growth in the Mexican market, Iridium Communications Inc. (IRDM) (NASDAQ: IRDM) announced it has signed three additional distribution partners in Mexico. These three new partners supplement the distribution channel for the new Iridium Mexico subsidiary (or Iridium Comunicaciones de Mexico S.A.P.I. de C.V.) that the company announced on October 21, 2009. Iridium Mexico is a joint venture between Iridium and Spacenet Communications Services de Mexico S.A. de C.V. (Spacenet). Iridium services are now available in Mexico through Spacenet, Astrum Comunicaciones, Intercomunicaciones Móviles Satelitales (INMOSAT), and Tecnologías de Control del Norte (TECNOR). All four Iridium partners, headquartered in Mexico, are actively engaged in the provision of voice and data satellite communications services.
Through Iridium Mexico and its newly expanded partner base, the company is offering its product portfolio to the Mexican market, including the Iridium 9555 satellite phone; the Iridium 9601 short-burst data modem used for global asset tracking and monitoring; and Iridium OpenPort, an enhanced-speed maritime communications service. The Mexican Navy recently installed an Iridium OpenPort unit on its training ship, the Buque Escuela Cuauhtémoc.