- Language: English
- 89 Pages
- Published: December 2011
- Region: Iraq
Summary: Iridium Communications Inc. May 11
- Published: May 2011
- Standard & Poors
The rating on Bethesda, Md.-based satellites services provider Iridium Communications Inc. reflects a vulnerable business risk profile stemming from the company's participation in a niche market. The business also requires substantial long-term satellite replacement capital expenditures to continue current operations beyond 2014, which Standard & Poor's Ratings Services expects to result in substantial negative free operating cash flow (FOCF) and a highly leveraged capital structure over the long term. Minimally tempering these risks are the attractiveness of Iridium's services to a narrow customer base requiring ubiquitous global coverage and our expectations for significant revenue growth from data usage. Iridium provides mobile communications services to about 401,000 commercial subscribers and 46,000 U.S. Department of Defense users as of March 31, 2011....
Companies mentioned in this report are: Iridium Communications Inc.
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Iridium Communications Inc.
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