LA PLATA, Maryland — Mobile satellite connectivity provider Iridium Communications Inc., which has agreed to be purchased by satellite and launch-service provider Rocket Lab, reported increases in almost all its service lines for the three months ending June 30, with total revenue up 4% and subscriber count increasing by 5.8% from a year ago.
Rocket Lab is purchasing Iridium for $54 per Iridium share, with half to be paid in cash and half in Rocket Lab stock, giving Iridium an enterprise value of $8 billion. The two companies . . .
To view the entire article, become a subscriber!
