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Emerging markets high on Inmarsat agenda

07 марта 2012

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 cents.

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 migration.

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 was captured."

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

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