Overall Device News

Iridium Reports Strong Growth in Q2

Iridium Communications Inc. (Nasdaq:IRDM) reported financial results for the quarter ended June 30, 2010. The following reflects the results of Iridium Communications Inc. for the second quarter of 2010 compared to those of Iridium Holdings LLC (predecessor) for the second quarter of 2009. -    Total billable subscribers grew 16.8%, reaching approximately 383,000 – up from approximately 328,000 at the end of the comparable quarter last year. Growth occurred across all product areas. -    Commercial service revenue increased 13.8% to $45.5 million in the second quarter compared to $40.0 million during the second quarter of 2009. For the first half of the year, commercial service revenue was up 12.5% over the first half of 2009.