Iridium, (which was a catastrophic failure just over a decade ago as Motorola's $5 billion satellite went down in flames and was sold to an investor for just $25 million), has established itself as a solid business. The network has grown under our radar to more than 500,000 subscribers over the past 11 years and posted $146.1 million of revenue and $11.7 million of profit for the third quarter. For the satellite phone industry, this is a stunning result.
2DayBlog.com, Satellite phone communications suddenly booming
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