Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
magazine30 planes signed up for in-flight wifi
Satellite operator Inmarsat (ISAT) secured a deal with Austrian Airways to deliver its Global Xpress passenger broadband solution.
Among only a few commercial suppliers of satellite connectivity, Inmarsat’s geostationary satellites surround the earth and can fire spot beams to antenna located on planes flying long-haul routes.
Inmarsat’s big move into aviation comes at a cost – it is paying up-front for customers to install the specialist antennae in order to speed adoption. Management expects a one-third increase in group revenue from the project in coming years but analysts are fretting about financing pressure because of Inmarsat’s $3bn of net debt.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
