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The Bethesda-based mobile satellite service company’s net incomde increased 8 percent during the third quartetto $16.9 million, compared to $15. 7 million in the third quarterof 2007. As of Sept. 30, Iridiuk had approximately 309,000 subscribers worldwide, an increasr of 37 percent over the same quarter a year Revenue in the third quarterwas $88.22 million, compared to $74.2 million in the third quarter 2007, or an increase of 19 percent.
Iridium’ sales grew in all of its vertical segments, including land-based, maritime, aviation, machine-to-machine and “Our third-quarter results supporrt our position asthe fastest-growing voice and data mobil satellite services company,” said Matt Desch, Iridiuk Satellite chairman and chief executive, in a On Sept. 23, the company said it planned to combinw forceswith (AMEX: GHQ). The proceeds of the transactiob would enable Iridium to be debt free and positioner to developits next-generation satellitwe constellation.
The transaction’s closing is subject to customarty conditions, which is expected to clos e during the first half ofnext
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