A panel of industry experts has named Inmarsat the global satellite operator of the year at the 2011 World Satellite Business Week in Paris. It’s the highest accolade in the satellite sector and is presented to the company that shows leading performance and outstanding achievement in several categories.
The judging panel consisted of experts from Euroconsult, Space News and Satellite Finance, and used rigorous quantitative and qualitative standards to determine the winning company from across the mobile satellite services (MSS) and fixed satellite services (FSS) sectors.
Performance analysis of the market players, and assessment of key performance indicators were used to select the title winner. 2010 revenue growth, EBITDA margin and growth, subscriber growth, and 2007-10 CAGR were among the indicators taken into account by judges. A qualitative assessment also took innovation, strategic decisions and their impact into account.
Inmarsat’s chairman Andrew Sukawaty says, “I am honoured and delighted to collect the award for Global Satellite Operator of the Year. This award, recognizing Inmarsat’s record revenues and profits, is a tribute to the strength and effort of our whole team. We would like to thank the judges for their recognition of our mission-critical services, quality delivery and the continuing success of our business.”
Inmarsat was founded in London in 1979 as an intergovernmental satellite organization to ensure that ships could stay in constant touch by telephone. It’s now a leading global supplier of satellite technology for government authorities and emergency services. The Australian Maritime Safety Authority has just included the company’s Isat Phone handsets in its aircraft fleet’s survival packs.