Iridium Q2 revenue was up 22 percent to $81.7 million, compared t...
Iridium Q2 revenue was up 22 percent to $81.7 million, compared to last year, it said in an earnings release. Iridium had more than 280,000 subscribers worldwide, up 38 percent over last year, it said. The Defense Department recently…
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renewed an enhanced mobile satellite services contract with Iridium, the company said. The company posted significant Q2 increases Q2 over that period last year in voice and data usage revenue, Iridium said. Voice traffic in Asia was up 82 percent, in North America up 50 percent and in Europe up 45 percent, it said. Users operating in polar regions generate more than 20 percent of total annual commercial circuit-switched voice and data usage revenue, Iridium said. Iridium cited increased frequency of polar flights as airlines try to shorten routes as a factor in this pattern.