Strengthening Capital Position and Continued Opportunities for Growth Underscore Iridium's Financial Transformation
Commenting on the new share repurchase program, Iridium CEO
The share repurchase program has been accounted for in the Company's long-term net leverage target and will be discussed further on its fourth quarter 2020 earnings conference call.
Conference Call Information
As previously announced, the Company will host a conference call to discuss its results at
About
Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and launched its new specialty broadband service, Iridium Certus.
Forward-Looking Statements
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding Iridium's plans to repurchase outstanding shares of its common stock. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the company's ability to generate free cash flow and the market price of the company's common stock, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the Company's Form 10-K for the year ended
Investor Contact: | Media Contact: |
+1 (703) 287-7570 | +1 (703) 287-7421 |
ken.levy@iridium.com | jordan.hassin@iridium.com |
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