Satellite IoT & AIS provider Orbcomm: Loss of AT&T’s 425,000 subscribers won’t reverse growth trend

by Peter B. de Selding

PARIS — Satellite- and terrestrial-IoT service provider Orbcomm Inc. eliminated 85,000 subscribers from its books as part of a broad housecleaning that includes consolidation of the multiple platforms and management software systems that were a heritage from past acquisitions.

Orbcomm Chief Financial Officer Dean Milcos said clearing the 85,000 non-paying subscribers will save Orbcomm some $500,000 a year, which when added to synergies from tighter integration of acquired companies’ operations, resulted in $2 million in operating expenses in 2019, with another $4 million expected in 2020.

To view the entire article, become a subscriber!

You may also like

Free one week full access pass

Curious what being a member of SpaceIntelReport is like?  We have a free one week access pass, just for you.