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Skyterra Communications Inc

 
Hoover's Profile: SkyTerra Communications, Inc.
(OTC:SKYT)
Contact Information
SkyTerra Communications, Inc.
10802 Parkridge Blvd.
Reston, VA 20191-4334
VA Tel. 703-390-1899
Fax 703-390-1893

Type: Public
On the web: http://www.skyterracom.com
Employees: 175
Employee growth: 4.8%

SkyTerra Communications has a hold on the satellite communications market. The company provides voice and data communications to subscribers in North America via two satellites. SkyTerra makes sales through a direct sales force, dealers, and resellers. It also markets bulk capacity to other wireless service providers. SkyTerra owns an additional equity interest in TerreStar, which is developing its own satellite communications business. The company in late 2008 rebranded its primary operating company (formerly known as Mobile Satellite Ventures) with the SkyTerra name. Harbinger Capital Partners owns nearly half of SkyTerra and in 2009, it announced that it would by the rest of the company.

Key numbers for fiscal year ending December, 2008:
Sales: $34.5M
One year growth: 1.2%
Net income: ($207.9)M

Officers:
Chairman, President, and CEO; Vice Chairman, President, and CEO, Mobile Satellite Ventures: Alexander H. (Alex) Good
EVP, CFO, and Treasurer: Scott Macleod
EVP Strategy, Development, and Distribution: Marc Montagner

Competitors:
Globalstar
Inmarsat
Iridium Satellite

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