Inmarsat’s total revenue for 2006 was more than $500 million, the...
Inmarsat’s total revenue for 2006 was more than $500 million, the company said in its preliminary year-end results report. It expects to formally report its earnings for 2006 April 27, it said. Inmarsat had 7% growth in the maritime…
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sector, with maritime data growing 11% year over year, it said. Land sector revenue was down 5% year over year, it said. Inmarsat expects the addition of a handheld satellite phone will improve results in 2007, allowing it to enhance its land voice service offering and “win new customers.” Inmarsat CEO Andrew Sukawaty said Inmarsat will continue to migrate older users from analog to digital services, freeing up spectrum. He played down fluctuations in usage, noting that many subscribers use Inmarsat as a backup service so there will be times of “heavy service” and times when some subscribers are only testing the service. Inmarsat said it’s pleased with its BGAN service, with Sukawaty noting it wasn’t “priced aggressively” because “we did not want a mass migration.” Inmarsat said it’s “committed to ensuring” that its Swift aeronautical product will be available by the end of the year, when airlines have indicated they want to begin testing in-flight services, he said. Launch of Inmarsat’s 3rd Inmarsat4 satellite is being arranged with Lockheed Martin, but will probably slip to 2008, said Sukawaty.