Question · Q3 2025
Tim Horan asked about the percentage of the world EchoStar's spectrum covers compared to Iridium's global coverage, the size of the PNT opportunity and Iridium's ability to hit revenue targets, and expectations for near-term revenue growth given the withdrawal of longer-term guidance.
Answer
CEO Matt Desch explained that spectrum coverage is complex due to ITU priority country by country, with Iridium having #1 priority in many nations. He noted EchoStar's geostationary spectrum requires reallocation and approval, which will take time, but acknowledged Starlink's potential for a more global system faster than anticipated. Mr. Desch expressed increased bullishness on PNT, seeing big opportunities despite lumpy timing, and highlighted its competitive advantage and complementarity to IoT. He preferred to provide specific near-term revenue guidance in February but reiterated confidence in cash flow projections.