0
Video

Inmarsat upgrades FY outlook after solid growth in Q3 results

Thursday 8 November 2018 | 12:16 CET | News
Mobile satellite services provider Inmarsat reported third-quarter revenues up 3.7 percent year-on-year to USD 369.3 million, driven by expansion in the aviation market and solids results in the government and enterprise segments. EBITDA improved 6.8 percent to USD 206.5 million, and net profit doubled year-on-year to USD 227.7 million, thanks to a non-cash gain on convertible debt.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite
Companies: Inmarsat / Panasonic
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Last week in telecoms: sector slightly underperforms market, fibre joint ventures in focus

Published 12 Nov 2018 07:00 CET | Europe
The European telecoms sector slightly underperformed the general market in week 45. Our index ended the week up 0.3 percent, ...

Inmarsat appoints new SVP of Business and General Aviation

Published 16 Oct 2018 14:02 CET | World
Inmarsat appointed Kai Tang as SVP of Business and General Aviation (BGA). He joins the Inmarsat Aviation business from Inmarsat ...

Inmarsat, Panasonic Avionics ink 10-year in-flight connectivity deal

Published 20 Sep 2018 09:46 CET | World
UK-based satellite communications provider Inmarsat has announced a long-term collaboration with Japan's Panasonic Avionics to ...

Inmarsat to provide IIoT satellite connectivity to Teria network

Published 12 Sep 2018 10:36 CET | France
Inmarsat has secured a contract to become the sole provider of satellite connectivity for the Teria network, which specialises in ...

Inmarsat unveils new IoT service for shipping industry

Published 05 Sep 2018 09:25 CET | World
Trials of Fleet Data are due for completion in September aboard two ships operated by a leading ship manager, which have been ...

Inmarsat grows Q2 revenues 5% on expansion in aviation market

Published 02 Aug 2018 13:06 CET | World
Inmarsat has maintained its full-year outlook after reporting a small rise in second-quarter revenues and EBITDA. In line with ...

Inmarsat says no to new GBP 3.2 bln bid from EchoStar

Published 06 Jul 2018 11:35 CET | World
EchoStar confirmed the bid and said it will continue to find common ground with Inmarsat, with a view towards buying the company. ...