Iridium surveys weakened startup satellite IoT sector for bargains, expects direct-to-smartphone deal this year

by Peter B. de Selding

PARIS — Mobile satellite service provider Iridium Communications posted  continued growth in revenue and operational EBITDA — now at a 59% margin — and pulled back the cover, just a bit, on its planned partnership in offering direct-to-smartphone connectivity.

The company said that in a “target-rich” environment with multiple satellite-IoT now struggling for cash to complete their networks, it was open to “partnerships” with these companies. Partnerships in this case may be more like a diner “partnering” with a shrimp cocktail.

Takeaways from Iridium’s . . .

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