Mobile broadband provider Ovzon: Intelsat, Hispasat, Hellas-sat capacity secured; expecting 2021 market rebound

by Peter B. de Selding

PARIS — Swedish satellite mobile broadband service provider Ovzon AB reported sharply lower revenue and a sizable operating loss for the three months ending Sept. 30 following lower demand from the U.S. Defense Department and Covid-19-related restrictions on sales and marketing.

The company told investors to expect negative Q3 results, and on Oct. 21 said Q4 will be no better.

Looking past Covid-19, which is no easy task at this point, Ovzon Chief Executive Magnus René said the company remains optimistic about . . .

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