Inmarsat’s revenue for the second quarter reached $684 million, up...
Inmarsat’s revenue for the second quarter reached $684 million, up from $683 million in the same period last year. Its mobile satellite service revenue increased 1.4 percent from $363 million last year and maritime revenue reached more than $200 million,…
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an increase of nearly 13 percent, it said. MSS business growth was “fueled by continuing strong subscriber take up and the benefits of pricing initiatives,” Inmarsat said. Overall growth in maritime data revenue resulted primarily from the impact of pricing initiatives, “in particular as a result of the elimination of volume discounts” that were available for older services and the implementation of price changes in FleetBroadband service. Maritime voice was down 11.7 percent from about $47 million last year. This is largely due “to the impact of voice price reductions implemented in April 2011 and the ongoing effect of voice to email substitution that we record as data revenues,” Inmarsat said. Land mobile services were affected by the ongoing decline in revenue from government users and reduced military activity in Afghanistan, the company said. Inmarsat also said it installed more than 30,000 FleetBroadband terminals and more than 65,000 active IsatPhone Pro terminals.