Inmarsat plc Interim management statement

Inmarsat today provided the following information for the three months ended 31 March 2012.

Inmarsat plc – Highlights

  • Total revenue $355m up 10% (2011: $324m)
  • Wholesale maritime revenues up 7%
  • Over 2,000 FleetBroadband terminals added in Q1
  • Over 55,000 IsatPhone Pro subscribers at end of Q1
  • Agreement with LightSquared, resulting in $56m payment in April
  • Honeywell to develop Global Xpress in-flight passenger services
  • First XpressLink dealers appointed