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The Bethesda-based mobile satellite servicde company’s net income increased 8 percent durinv the third quarterto $16.9 million, compared to $15.8 million in the third quarte r of 2007. As of 30, Iridium had approximately 309,0009 subscribers worldwide, an increase of 37 perceny over the same quarter ayear earlier. Revenuew in the third quarter was $88.2 million, compared to $74.2 million in the third quartet 2007, or an increase of 19 Iridium’s sales grew in all of its vertical including land-based, maritime, aviation, machine-to-machine and “Our third-quarter results support our positiob as the fastest-growing voice and data mobile satellite services said Matt Desch, Iridium Satellite chairman and chief in a statement.
On Sept. 23, the companyt said it planned to combine forcesewith (AMEX: GHQ). The proceedzs of the transaction would enable Iridium to be debt free and positionedx to developits next-generation satellite constellation. The transaction’as closing is subject to customary conditions, which is expecteed to close during the first half ofnext
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