Inmarsat: 2002 rev up 9%, EBITDA up 14%; no need for LEO partner yet; narrowband direct-to-device from GEO is promising

by Peter B. de Selding

PARIS — Mobile satellite services provider Inmarsat reported a 9% increase in revenue and a 14% increase in EBITDA in 2022, with its Aviation and Government divisions showing substantial growth.

Maritime revenue was up 2%. The Enterprise division, including mobile handsets, declined 8%, despite an uptick in Q4, on what Inmarsat said was a supply-chain issue that is now being resolved. This division is being reoriented to Inmarsat’s growing IoT business.

Inmarsat Chief Executive Rajeev Suri said the company expects continued growth in revenue and EBITDA . . .

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