LONDON -- Inmarsat
The return to growth was attributed to the impact of new pricing initiatives and strong uptake of its FleetBroadband subscription service: 4,305 new terminals were added in the first half of this year, bringing the installed base to more than 30,000. Growth in the maritime sector helped offset a downturn in the land mobile sector, which continues to be hit by a decline in revenue from government users in Afghanistan.
Inmarsat CEO Rupert Pearce said: "The results for the first half and second quarter show that we have returned our core MSS business to growth, fuelled by continuing strong subscriber take up and the benefits of pricing initiatives. In light of on-going momentum in subscriber additions, we are making further progress towards meeting our expectations for the full year."
Shareholders should also be buoyed by news that Avanti Communications
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Jon doesn't own shares in Inmarsat or Avanti Communications. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.