Iridium Reports Increasing Customer Base, Data Revenue (11/8)
Wednesday, November 08, 2006 | Comments
Iridium Satellite reported it had about 169,000 subscribers worldwide as of Sept. 30 vs. about 137,500 subscribers at the same time last year. For the nine months ended Sept. 30, Iridium posted total revenue of $159.3 million. Iridium's total revenue in the third quarter was $54.7 million. Iridium is planning its new network to be operational until at least 2030, providing new offerings such as portable and fixed broadband communications and wide-area broadcast services. The new system will be backward compatible with its current services. Iridium also reported that demand for its data services increased 44 percent compared with the same period last year.

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