{"id":85648,"date":"2010-12-17T21:56:30","date_gmt":"2010-12-17T13:56:30","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/iridium-sets-ambitious-growth-targets-for-2011\/"},"modified":"2010-12-17T21:56:30","modified_gmt":"2010-12-17T13:56:30","slug":"iridium-sets-ambitious-growth-targets-for-2011","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/iridium-sets-ambitious-growth-targets-for-2011\/","title":{"rendered":"Iridium Sets Ambitious Growth Targets for 2011"},"content":{"rendered":"

[12-17-10] Iridium Communications<\/strong> expects it will achieve substantial subscriber, service and equipment revenue growth in 2011 due to favorable competitive market dynamics and the company\u2019s strong cash flow and financing, according to documents the company filed with the U.S. Securities and Exchange Commission<\/strong>.
\n    During a presentation given at Iridium\u2019s 2010 Analyst Conference, CEO Matt Desch said the company\u2019s expanded distribution network, accelerated by its licensed core technology partnerships, would enable Iridium to grow its total billable subscriber base by 20 percent and service revenues between 10 and 13 percent. \u201cWe have 240 applications targeting key vertical markets. Our wholesale distribution model lowers costs and risks as we grow our network of hundreds of distribution partners that are providing outsourced research and development for customer segment specialty products,\u201d said Desch.
\n    Iridium expects average service revenue growth of 9 to 13 percent per year between 2011 and 2015 and an operational EBITDA margin of about 60 percent in 2015 after generating between $180 million to $190 million in operational EBITDA in 2011.
\nIridium also reported that equipment revenues would continue to decline in 2011 at a rate between 15 and 30 percent. However, Desch said that developing a more extensive relationship with the government service sector would offset the decline, as the company prepares to offer its fully funded Iridium Next constellation. \u201cOur U.S. government service revenues have increased steadily over the past 10 years. Now, we are making significant government investments in our channel partners, devices and dedicated gateways. We\u2019re also expanding our service portfolio to support future growth from Iridium Next and hosted payloads.\u201d
\n    Desch added that the company is focusing on its phased deployment approach for the Iridium Next service, which aims to provide significant throughput and memory capacity and operational flexibility for the machine-to-machine market. \u201cWhile our current constellation supports ongoing growth and takes us to the Iridium Next era, our next-generation network architecture will provide a sustainable competitive advantage and outstanding new services with backwards compatibility to existing customer devices. Iridium Next will realize meaningful, additional opportunities to support ongoing growth,\u201d he said.<\/p>\n

\nRelated Stories-<\/h2>\n

\nIridium Next Ground-System Foundation Efforts Underway<\/b> \"\"   \t\t\tSatellite News   \t\t\tNovember 11, 2010
\n[11-11-10] Iridium Communications won three U.S. defense contracts to upgrade military ground systems. While Iridium said the deal paves the way for a variety of service optimizations and partnerships in the defense sector, Iridium\u2026<\/p>\n

Desch: Iridium Next Development Will Benefit from Company s Strong Third Quarter<\/b> \"\"   \t\t\tSatellite Today   \t\t\tNovember 10, 2010
\n[11-10-10] Iridium Communications has increased its 2010 full-year projections for total billable subscriber growth, government service revenues and operational EBITDA after reporting strong gains in its 2010 third quarter\u2026<\/p>\n

Iridium Full-Scale Next Development Begins After Operator Closes Financing<\/b>   \t\t\tSatellite Today   \t\t\tOctober 29, 2010
\n[10-29-10] Iridium Communications has closed the $1.8 billion financing facility for its next-generation satellite constellation, Iridium Next, the company announced Oct. 27. The closing of the financing puts Iridium s full-scale\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

[12-17-10] Iridium Communications expects it will achieve substantial subscriber, service and equipment revenue growth in 2011 due to favorable competitive market dynamics and the company\u2019s strong cash flow and financing, according to documents the company filed with the U.S. Securities and Exchange Commission.     During a presentation given at Iridium\u2019s 2010 Analyst Conference, CEO Matt […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-85648","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85648"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=85648"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85648\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=85648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=85648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=85648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}