UK satellite operator Inmarsat has reported a 23 per cent rise in first-quarter core earnings, boosted by growth in its maritime unit that eased concerns about its performance after a badly received statement in March. The provider of telecommunications to ships, aircraft and military and aid services in remote areas said its core earnings rose to $204.1 million on revenue up 15 per cent at $323.9 million.

In the company’s core maritime business, revenue rose 3.2 per cent to $89 million and the company said it still expected to achieve growth of between 2 and 4 per cent this year.

Other posts by :

1. Safran Space links laser direct to satellite
2. SpaceX fearful of AST SpaceMobile’s potential?
3. Equatys wants 2,800 new satellites
4. FCC eyes freeing up Weird Space Stuff spectrum
5. SES happy with releasing 160MHz of spectrum for 5G
6. Inmarsat “likely to win appeal” over Ligado/AST action
7. FCC seeks fair play over foreign satellite access
8. Bank raises RocketLab target price
9. Paramount throws kitchen sink

Categories: Articles, Broadcast, Business, DTH/Satellite, Results