Inmarsat to speed up investment in Global Xpress

Satellite operator Inmarsat saw improved and more stable revenues from its core wholesale operations in the third revenue, leaving it well placed to hit this year's and next year's revenue targets.

Satellite operator Inmarsat saw improved and more stable revenues from its core wholesale operations in the third revenue, leaving it well placed to hit this year's and next year's revenue targets.

Mobile satellite services (MSS) revenue at Inmarsat Global rose 3.3% in the three months ended September 30th to $186.7m from $180.7m the year before. However, the Other Income figure at Inmarsat Global, which includes the co-operation agreement with cash-strapped US telecoms network firm LightSquared, crashed to £11.7m from £64.5m the year before.

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