Great to see Iridium specifically mention Zoleo and the success it is having. However, this is really nothing unknown as they aren’t shipping 10s of thousands of units to the JV for fun are they!
But it is good all the same and more validation and from the highest of authorities. Iridium will want to see this succeed as it is money for them too!
I assume the quarterly doesn’t mention a breakdown as be great if it shows Zoleo income iridium is getting to reverse engineer things.
BCC updated valuation. +$1 by FY23 end, page-162
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