Emerging markets high on Inmarsat agenda
Satellite communications group
Inmarsat PLC said Tuesday that expanding its presence in emerging markets such
as China and India is high on its agenda as it seeks to profit from strong
economic growth in developing countries.
"We've had a presence in
China for years but we have not fully developed it in the past and the same is
true of India," Chairman Andrew Sukawaty said, adding that the company has
been working on developing its presence further.
"Recently our partner in China, which is part of the transport ministry,
signed a new contract for land earth stations which involves $40 million to $50
million of investment and we are also seeing increased activity in India."
Inmarsat provides satellite services for use in boats,
planes and on land and uses land earth stations, which are owned and operated
by partners, to transmit and receive data between terminals and satellites.
Chief Executive Rupert Pearce said the company has been selling products for
use in developing markets for some time, but is now seeing increased demand for
the purchase of Inmarsat's products "in country" by customers.
"We now need to break into regulatory environments and that's high on our
agenda," Pearce said.
Inmarsat earlier Tuesday reported 10% a rise in pretax profit for the year
ended Dec. 31, 2011 to $367 million from $334 million, as revenue rose 20% to
$1.41 billion, from $1.17 billion. The final dividend was raised 10% to 24.96
In the maritime sector, the company said it was held back by customer migration
to new cheaper services, but that activations of its new terminals have
remained strong and that increased usage should this year offset the effects of
In the land mobile sector, a decline in usage by military customers in
Afghanistan was offset by high usage in North Africa during the turmoil in that
region, although this began to fall back late in the year, with Chief Financial
Officer Rick Medlock pointing out during the results presentation
that,"there was less media coverage when [former Libyan leader] Gadhafi
Inmarsat said that it expects its 2012 revenue growth trends in its core
MSS--mobile satellite services--business to improve on 2011.
Источник: Total Telecom
Заметили неточность или опечатку в тексте? Выделите её мышкой и нажмите: Ctrl + Enter. Спасибо!