Latest news with #satellitecommunications
Yahoo
2 days ago
- Business
- Yahoo
Iridium and Syniverse Partner to Bring Direct-to-Device Satellite Connectivity to Mobile Network Operators Worldwide
MCLEAN, Va., May 29, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced a new partnership with Syniverse, the world's most connected company®, to support the rollout of Iridium NTN DirectSM service with mobile network operators (MNOs) worldwide. Through this partnership, Iridium NTN Direct is integrating with Syniverse's global platform, making it easy for MNOs to keep their customers continuously connected everywhere on the planet. According to GSMA's 2025 Industry Survey, 85% of MNOs planning to pursue non-terrestrial network (NTN) service are seeking a Low-Earth Orbit (LEO) solution that extends their coverage globally. As part of 3GPP Release 19, Iridium NTN Direct will provide truly global, standards-based direct-to-device (D2D) and narrow-band Internet of Things (NB-IoT) messaging and SOS for consumer devices, automobiles and industrial applications in agriculture, transportation, logistics, energy and utilities. The combination of MNO requirements and Iridium NTN Direct capabilities makes it the ideal solution. With Iridium NTN Direct, MNOs will know they have a reliable partner with a fully deployed, owned and operated satellite constellation, unmatched coverage, globally coordinated mobile satellite services (MSS) spectrum, and a history of providing reliable safety of life services. "We're building the backbone of the global D2D movement, the right way and with the right partners as we prepare for on-air testing with MNOs and chipmakers in the coming months," said Iridium CEO Matt Desch. "The integration of Syniverse's system with the Iridium® network will give MNOs a simple path to expand their footprint to the entire planet." "Satellite networks are becoming a natural extension of the mobile ecosystem, and our role at Syniverse is to make that transition seamless," said Andrew Davies, Chief Executive Officer of Syniverse. "By integrating Iridium NTN Direct into the global mobile framework using standards-based, carrier-grade systems, Syniverse is simplifying deployment, ensuring consistency and security, and accelerating access to non-terrestrial connectivity." For more than 35 years, Syniverse's leadership in mobile interoperability and clearing services has played a key role in enabling MNO adoption for satellite integration, which includes seamless customer roaming, authentication and billing functions. Their system serves approximately 600 carrier customers directly in 170 countries worldwide and connects over 830 mobile operators with their global IPX backbone. Fully 3GPP-compliant and standards-based, Syniverse ensures fast deployment, helping operators confidently unlock new markets. Iridium NTN Direct stands out among Non-Terrestrial Network (NTN) and NB-IoT services by offering MNOs an unmatched combination of truly global coverage, reliability and capability. 3GPP Release 19 is expected to be completed by the end of 2025, and the first Iridium NTN Direct connected devices are planned to be available in 2026. For more information about Iridium, visit: For more information about Iridium NTN Direct, visit: About Iridium Communications Inc. Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations, and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2024, Iridium acquired Satelles and announced the Iridium Satellite Time and Location service. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services, and partner solutions, visit Forward-Looking Statements Disclosure Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has based these statements on its current expectations and the information currently available to us. Forward-looking statements in this press release include statements regarding the capabilities, benefits and availability of the Iridium NTN Direct service. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the development and marketing of the Iridium NTN Direct service, the company's ability to maintain the health, capacity and content of its satellite constellation, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (the "SEC") on February 13, 2025, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update forward-looking statements. Press Contact: Investor Contact: Jordan Hassin Kenneth Levy Iridium Communications Inc. Iridium Communications Inc. +1 (703) 287-7421 +1 (703) 287-7570 SOURCE Iridium Communications Inc.
Yahoo
22-05-2025
- Business
- Yahoo
Why Viasat Is Losing Altitude Today
Viasat posted an unexpected quarterly loss due to noncash charges, but reported better-than-expected free cash flow. The company has a clear path for growth, but it comes with risk. 10 stocks we like better than Viasat › Satellite communications company Viasat (NASDAQ: VSAT) posted an unexpected quarterly loss, though the company's free cash flow was significantly better than expected. Investors are focused on the headline number, sending Viasat shares down as much as 8% at the open and down 3% as of 10:15 a.m. ET. Viasat lost $0.02 per share in its fiscal fourth quarter, ended March 31, on revenue of $1.15 billion, compared to Wall Street's expectations for a $0.04-per-share profit on slightly lower revenue. The company's $246 million net loss included a $169 million noncash write-down related to Viasat's Europe and Middle Eastern ground network. Defense sales grew by 11% in the quarter, but Viasat's communications services sector saw sales fall by 4%. Viasat did post a positive $51 million in free cash flow in the period, much better than the $75 million negative free cash flow that Wall street had expected. The big news from the report is a slight delay in Viasat's plan to deploy its latest generation of satellites. The first of these VS3 satellites is already in service, but satellite two has been pushed back to early 2026 from late 2025. There are a lot of moving parts here, including a $5 billion pile of debt offset by $1.61 billion in cash and another $1.14 billion in borrowing capacity. Viasat expects about $1.3 billion in capital expenditures in its new fiscal year, implying a slight cash burn is likely in 2026. There is also new competition in the sky from the likes of SpaceX's Starlink and others. The bull case from here is Viasat uses the current fiscal year to ramp up its business while continuing to manage its debt, putting it in place for positive free cash flow by 2027. If that plays out the stock can likely take on additional altitude as well. But investors need to understand a lot can go wrong, and keep Viasat to a small part of a diversified portfolio if they decide to buy in. Before you buy stock in Viasat, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Viasat wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Viasat Is Losing Altitude Today was originally published by The Motley Fool
Yahoo
22-05-2025
- Business
- Yahoo
Inmarsat Provides NexusWave to Mitsui O.S.K. Lines to Help Accelerate Onboard Digitalisation Strategy
Inmarsat's fully managed bonded connectivity service will support transformation of MOL vessels into floating offices and homes to meet evolving operational and crew connectivity needs CARLSBAD, Calif., May 21, 2025 (GLOBE NEWSWIRE) -- Inmarsat Maritime, a Viasat company, has signed an agreement with Mitsui O.S.K. Lines, Ltd. (MOL) to upgrade their fleet from Fleet Xpress (FX) service to Inmarsat's NexusWave. This fleet-wide transition to NexusWave will allow MOL to benefit from Inmarsat's fully managed bonded connectivity service and accelerate the digitalisation strategy of the leading Japanese shipping company. Local Inmarsat partner JSAT MOBILE Communications will be responsible for implementing and supporting the upgrades on board, covering a fleet that includes liquefied natural gas (LNG) carriers, oil tankers, and car carriers. In response to evolving operational and crew connectivity needs, MOL is seeking multi-layered satellite communications services that support the transformation of its vessels into floating offices and homes. By combining multiple network underlays in one bonded connection, Inmarsat NexusWave delivers the speeds, reliability, unlimited data, and global coverage to support this objective, with enterprise-grade cyber-security, round-the-clock technical support, and fully transparent costs ensuring complete peace of mind. Junichi Yoshiyama, Chief Digital & Information Officer, Mitsui O.S.K. Lines, Ltd., said: 'Our digitalised and connected ships are becoming floating operations centres and homes for our crew, and Inmarsat's NexusWave will help keep them connected to high-speed internet and support our onboard digitalisation strategy.' Ben Palmer, President, Inmarsat Maritime, said: 'We are proud to continue our partnership with MOL and to deliver NexusWave as an accelerator of maritime digitalisation and, by extension, an enabler of the floating office and floating home. Forward-thinking operators like MOL are drawn to the solution for its performance, robust capabilities, and the confidence that comes from working with a reliable maritime connectivity partner.' Katsuaki Koike, CEO of JSAT MOBILE Communications, added: 'MOL, JSAT, and Inmarsat have been long-term partners, and this collaboration further underscores our commitment to providing cutting-edge connectivity solutions. We are dedicated to supporting MOL's digital transformation journey and look forward ensuring seamless and reliable installations across MOL vessels.' In recent real-world tests, NexusWave achieved download speeds of up to 330–340 Mbps, upload speeds of up to 70–80 Mbps, with average network availability exceeding 99.9%. As part of Inmarsat's commitment to continuous improvement, the forthcoming integration of the next-generation ultra-high capacity, high-speed ViaSat-3 Ka-band network promises to increase NexusWave's aggregated connectivity speeds even further. Contact for media: PR@ About Inmarsat MaritimeInmarsat is a Viasat company and continues to power the digitalisation of the maritime industry. With over 40 years of experience, Inmarsat Maritime offers reliable and innovative solutions that enable ship owners and operators to stay connected, navigate safely, enhance operational efficiency, and ensure crew welfare. Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are - on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads and YouTube. Inmarsat Maritime is based in Viasat's international business headquarters in London, United Kingdom. For further information about Inmarsat Maritime, visit and follow us on LinkedIn. About Mitsui O.S.K. Lines, Ltd. (MOL)Mitsui O.S.K. Lines, Ltd. (MOL), headquartered in Tokyo, Japan, with a history of more than 140 years, is one of the world's largest and most diversified shipping companies. With a fleet of over 900 vessels, MOL offers comprehensive maritime transportation services, including dry bulk carriers, tankers, LNG carriers, car carriers, and container ships. In addition to the marine transportation businesses, MOL group is developing social infrastructure businesses such as wind power generation, logistics, real estate, and BtoC business such as cruise and ferry services. MOL group will meet the evolving social needs including environmental conservation, with innovative technology and services and aims to be a strong and resilient corporate group that provides new value to all stakeholders and grows globally. About JSAT MOBILE CommunicationsJSAT MOBILE Communications Inc., a joint venture company with Inmarsat Maritime and SKY Perfect JSAT, that provides maritime satellite communication services to commercial shipping, fishing vessels, and other offshore platforms. Leveraging advanced satellite technologies and reliable service infrastructure, the company supports safe and efficient maritime operations. JSAT MOBILE is committed to connecting vessels around the world and contributing to the digital transformation of the maritime industry. While the information in this document has been prepared in good faith, no representation, warranty, assurance or undertaking (express or implied) is or will be made, and no responsibility or liability (howsoever arising) is or will be accepted by the Inmarsat group or any of its officers, employees or agents in relation to the adequacy, accuracy, completeness, reasonableness or fitness for purpose of the information in this document. All and any such responsibility and liability is expressly disclaimed and excluded to the maximum extent permitted by applicable law. Coverage as shown on maps is subject to change at any time. Inmarsat is a trademark owned by the International Mobile Satellite Organization, licensed to Inmarsat Global Limited. The Inmarsat logo and all other Inmarsat trademarks in this document are owned by Inmarsat/Viasat group. © Inmarsat Global Limited. All rights reserved.
Zawya
15-05-2025
- Business
- Zawya
Space42 advances strategy execution with solid Q1 2025 results
Continued delivery across four strategic pillars provides foundation for multi-year scalable growth Strong balance sheet, USD 895 million in cash and nearly USD 7 billion in contracted future revenue reinforce strategic flexibility Abu Dhabi, UAE: Space42 PLC (' Space42 ' or the ' Company '), the UAE-based AI-powered SpaceTech company that seamlessly integrates satellite communications, geospatial analytics, and artificial intelligence capabilities for customers globally, and listed on the Abu Dhabi Securities Exchange (' ADX ', under symbol: SPACE42, ISIN: AEE01122B228), today announced its pro forma consolidated financial results for Q1 2025. Since its launch in October 2024, Space42 has continued to execute across its four strategic growth pillars, building the operational and financial foundation needed to scale globally. In Q1 2025, revenue reached USD 115 million, down 13% year-on-year due to milestone timing shifts within Bayanat Smart Solutions and while it undergoes its transformation towards programmatic market engagement. Despite this, the Company maintained a strong Normalized EBITDA margin of 53% and delivered a Normalized Net Profit of USD 30 million, in line with Q1 2024. The margin on a normalized basis improved by three percentage points to 26%. Space42 closed the first quarter with USD 895 million in cash and short-term deposits, contracted future revenues of nearly USD 7 billion, and tangible progress across each of its four strategic pillars, enabling it to continue scaling decisively and to capture the next wave of opportunity in SpaceTech. Positioned for Sustainable, Scalable Growth Karim Sabbagh, Managing Director of Space42, commented, "We entered 2025 with a clear strategy and a platform built to scale. This quarter reinforced our discipline on margins, the momentum across our four strategic pillars and our focus on long-cycle delivery. We launched new assets in space, expanded coverage, and advanced programs that strengthen sovereign capabilities and position us to scale internationally. We are executing a model anchored in differentiated infrastructure and downstream applications in satellite communications and AI-enabled geospatial analytics. Our focus is on programmatic and long-term engagements with our key customers. This go-to-market approach is well established within Yahsat Space Services, and the appropriate transformation is underway within Bayanat Smart Solutions. Our strategy is demonstrated by the dual-use satellite communication and earth observation platforms we are building and the differentiated outcomes we are delivering across national and international markets, with the latter segment to grow in relevance over time. That is how we create enduring value." Delivering Across Four Strategic Pillars Space42's disciplined execution continues to drive momentum across its four pillars: Preferred Partner for Premium Geospatial Data Launched Foresight-1 and Foresight-2 satellites, laying the foundation for a scalable Earth Observation constellation that strengthens coverage and revisit rates. Synthetic Aperture Radar (SAR) manufacturing facility is on track to begin production in H2 2025, enabling sovereign production of high-resolution satellites and ensuring full deployment of Foresight-3, -4, and -5. High Altitude Platform Stations (HAPS) development site in Abu Dhabi is to be operational by June 2025. First in the region, the new facility will deliver more than 20 HAPS unmanned aircraft vehicles annually, supporting civil, environmental, and defense applications. Global Leader in Geospatial Intelligence AI Platform Services GIQ platform is being scaled as the digital backbone for real-time, AI-powered geospatial analytics, enabling fast, informed decision-making across civil and defense use cases. MoU signed with FADA and EDGE to establish a national geospatial ecosystem and unlock downstream applications in surveillance, environmental intelligence, and secure mobility, with a total value exceeding USD 100 million. Global Leader in Non-Terrestrial Connectivity (NTN) Thuraya-4 launched successfully; now in-orbit and on track for commercial service in H2 2025. The satellite enables a next-generation mobility platform and a suite of new products offering wider coverage, faster speeds, and enhanced capabilities. MOU signed with Viasat to co-develop a shared multi-orbit standard-based 5G NTN open architecture, creating a globally scalable platform for direct-to-device (D2D) and MSS services. IP Neo broadband terminal launched in Q1, addressing connectivity needs for critical infrastructure, logistics, and maritime sectors across underserved geographies. Thuraya One smartphone introduced as a commercial precursor to full D2D rollout, providing seamless integration of satellite and terrestrial networks through a single consumer-grade device. Trusted Leader in Secure Connectivity Al Yah 4 and Al Yah 5 satellite programs progressing on schedule and within budget; several units are now in testing phase, with satellite launches planned for 2027 and 2028. These assets will enhance national secure communication capabilities across defense and civil domains Thuraya-3 service partially restored across key markets through rapid redeployment of redundant capacity, underscoring operational agility and Space42's commitment to service continuity Key Financial Highlights Metric Result Revenue USD 115 million (-13% YoY) Normalized Net Profit USD 30 million (in line with Q1 2024 at USD 30 Million); margin up 3 pp to 26% Normalized EBITDA USD 61 million (-14% YoY) Cash CapEx USD 74 million Cash / Short-Term Deposits USD 895 million Negative Net Debt USD 488 million Net Leverage Ratio -1.8x Contracted Future Revenues Nearly USD 7 billion The full set of financial disclosures can be found within the Investor Relations section on Space42's website. The financial information presented in this press release has been prepared on a pro forma basis. This has been done to facilitate like-for-like comparison of financial performance of the combined Company. About Space42 Space42 (ADX: SPACE42) is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Formed in 2024 by the successful merger of Bayanat and Yahsat, Space42's global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities. Space42 comprises two business units: Yahsat Space Services and Bayanat Smart Solutions. Yahsat Space Services focuses on upstream satellite operations for both fixed and mobility satellite services. Bayanat Smart Solutions integrates geospatial data acquisition and processing with AI to inform decision-making, enhance situational awareness, and improve operational efficiency. Major shareholders include G42, Mubadala, and IHC.
Bloomberg
08-05-2025
- Business
- Bloomberg
Speedcast Mulls Breakup, Sale of Ground Stations Unit
Speedcast, a provider of satellite communications and information technology services, is considering a sale of its ground stations business for more than $1 billion, people with knowledge of the matter said. The company, which is backed by private investment firm Centerbridge Partners, is working with an adviser to look at options for the business, said the people, who asked not to be identified because they weren't authorized to speak publicly. Speedcast plans three separate auctions for its services, infrastructure and government agencies businesses, they added.
