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Iridium posts sharply higher revenue, forecasts decade-long capex holiday - SpaceNews.com Aug 2018
"With seven of eight launches completed for Iridium Next, its $3 billion second-generation constellation, Iridium is poised to begin a 10-year “capex holiday,” CEO Matt Desch said during a call with investors, projecting a reduction to $35 million in annual spending after the final launch. McLean, Virginia-based Iridium spent $132 million in capital expenditures the past three months, most of it on Iridium Next."

"... reiterated that Iridium is on track to complete the full constellation of 75 in-orbit satellites this year. "

"Desch said 80 percent of Iridium’s telecom traffic is traveling over Next satellites, of which 65 are in orbit. ... The full Iridium Next constellation consists of 66 operational satellites, nine orbiting spares and six ground spares."

"Iridium subscribers totaled 1,047,000 at the end of June, up 15 percent year over year, with commercial IoT subscribers counting for 576,000, up 25 percent from the same time in 2017. "

"Desch declined to describe pricing for the new contract Iridium is working on, but hinted that Iridium is pitching Certus, its new higher throughput broadband offering, to the government in addition to traditional services of secure voice, push to talk, and IoT narrowband connectivity."
Iridium  business  space  satellite  broadband  IoT 
august 2018 by pierredv
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