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Friday, August 3, 2012

M2M growth helps satellite phone company Iridium

Mobile satellite communications company Iridium Communications has reported its financial results for the second quarter of 2012.

Thanks in part to the estimated lifespan of the company’s satellite constellation being longer than previously expected, net income was up 51% year-on-year to $17.7 million (£11.4 million). Total revenue for Q2 was $97.3 million, up 1% year-on-year.

Iridium ended the quarter with 576,000 total billable subscribers, up 21% year-over-year, driven by machine-to-machine data connections and commercial voice customers.

Matt Desch, the CEO of Iridium, said “Iridium remains on a solid, long-term growth trajectory, with good progress in several key areas of our commercial business being partially offset by what we believe is short-term weakness in traditional government voice subscribers. Our M2M, maritime broadband and aviation markets continue to grow revenue and subscribers in the double-digits on a year-over-year basis, built on the foundation of a superior network, innovative partner channel and favorable competitive dynamics. In addition, we expect our global aviation monitoring venture, Aireon, to be a meaningful new source of high-margin revenue once Iridium NEXT is launched.”

Commercial M2M data subscribers grew 49% year-on-year to 202,000 customers, while government M2M data subscribers were up 20%.

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Opinion Articles

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The coolest person in the country admires the French president's wife and lives in East London. Oh, and they use a BlackBerry by day but an iPhone by night. That's what recent surveys say. Nonsense, isn’t it?

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The mobile phone tries to grow up

Mark Bridge writes:

The end of civilisation. The dawn of the future. Mobile phones are somewhere in the middle. Once seen as novelties for people with too much money, the mobile phone is now ubiquitous. And with that ubiquity comes an acceptance that they’re just tools. Doesn't it?

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Sounding good to me

Mark Bridge writes:

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Yet no-one’s really thought much about the quality of a phone call. Until now.

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The landline phone may be fading... but its number still remains

Mark Bridge writes:

In last weekend’s Sunday Times, Ali Hussain asked "Is this the end for the landline phone?"

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Mixed verdict on mobile phones as cancer cause

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Nearly two-thirds of the people on Earth now use mobile telephones, according to a study by the International Telecommunications Union. But how safe are those phones? Scientists still aren't sure, but some evidence is starting to suggest there may be danger along with the convenience.

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