New Iridium Satellite on solid footing after rebirth; ahead of revenue pace
News | 08/19/2002 4:00 am EDT
Satellite phone venture Iridium Satellite LLC has found itself on solid financial footing after about a year and a half of operations under new management, exceeding revenue targets and landing some significant deals. After purchasing the formerly Motorola Inc.-backed outfit for a mere US$25 million, targeting commercial users in remote areas has become the company’s key focus.
This content is available to wirereport.ca subscribers
Already a subscriber? Sign in here
Unlock all the Canadian telecom, broadcasting and digital media news you need.
Take a free trial or subscribe to The Wire Report now.
Two weeks free access to thewirereport.ca and our exlusive newsletters.
Unlimited access to thewirereport.ca and our exlusive newsletters.