Inmarsat: Global Xpress airtime revenue $5.9M in Q2, vs $4M in Q1; maritime Ku-band leasing winding down

by Peter B. de Selding

PARIS — Mobile satellite services provider Inmarsat said its Global Xpress Ka-band broadband service, now with five satellites in operation, booked $90.7 million in revenue for the three months ending June 30, up 6% from the previous three months and 50% above the same period a year ago, and remains on track to reach $500 million in annualized revenue by late 2020.

Inmarsat said its Global Xpress spacecraft originally intended for Asia but now stationed over Europe is seeing healthy demand for its military-Ka-band capacity. Like the other . . .

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