Customers’ ships are in port, planes on the ground, but Iridium still predicts growth this year

by Peter B. de Selding

PARIS — Mobile satellite services operator Iridium Communications, happy that it completed its second-generation constellation and debt-refinancing before Covid-19 hit, said it sees no near-term material adverse effect to its business but that market visibility is near-zero beyond a few months out.

As is the case for all publicly traded companies delivering their first-quarter financials, investors are more interested in how April is shaping up rather than in what happened between January to March, before Covid-19 shutdowns became widespread.

Iridium is . . .

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