Thank you, Dave and good afternoon everyone. Our satellite business again produced meaningful growth from the prior year as we generated higher ARPU in all core areas of our business and continue to expand our total subscriber base. These increases drove 9% revenue growth when compared to the fourth quarter of 2017 and a 15% increase year-over-year. "
SPOT subscribers DOWN Y/Y
Duplex subscribers DOWN Y/Y
You lose subscribers, so you raise prices on everyone left. Then you continue to "soak" the remaining subscribers more and more as your CHURN increases due to the price increases.
Like you have said Maurcie.. Pretty soon they will have $1,000 ARPU and one customer. But they have great ARPU..
Meanwhile, over at Iridum/Aireon.. They get ready to activate the Edmonton (NavCanada) Airspace (Polar Routes) using Aireon.
With the new ICOM worldwide PTT user device. Watch for a buyout from the likes of ATT or Verizon.