In a recent webinar hosted by Iridium CEO Matt Desch, the company announced subscriber growth had reached the 500 thousand mark. Their client base is 90 percent commercial customers and 10 percent government users. According to the company’s press release – they have experienced a market growth of over 25 percent each year for the past five years which is great news for the industry. The announcement comes as Iridium markets their new rugged and truly mobile Iridium 9575 Extreme. We expect availability of the phone this Fall.
In other news, Globalstar announced in a September 12, 2011 press release, that the third launch of six second generation satellite launches has been scheduled for December 2011.