Competitor's Inmarsat Service Price Cuts Affect Stratos' Bottom Line

摘要

Mobile satellite-services provider Stratos Global Corp., seeking to calm investor concerns, said the recent market-share and revenue declines in its Inmarsat business have been caused by a single, unnamed competitor that slashed prices to an extent that cannot be sustained. The Bethesda, Md.-headquartered company, whose stock is traded on the Toronto Stock Exchange, has seen its Inmarsat business attacked since April by a dramatic price drop on the part of a competitor. The price promotion is for Inmarsat's Global Area Network (GAN) service, the voice, data and video communications links provided users equipped with small, portable terminals.