Russian Rocket Launches Inmarsat Satellite
August 28 2015 - 9:30AM
Dow Jones News
By Robert Wall
A Russian rocket on Friday launched an Inmarsat PLC (ISAT.LN)
spacecraft to put the British satellite operator on course to begin
operating a global network of high-bandwidth satellites by the end
of the year.
The launch of the Proton rocket from the Baikonur Cosmodrome in
Kazakhstan occurred at 1144 GMT. The launch phase should be
completed early Saturday before the Global Xpress, or GX, satellite
begins another phase of getting to the right position for testing.
Inmarsat plans to begin commercial service of the spacecraft.
GX customers will be able to get high-speed connectivity far
from a terrestrial connection-allowing airlines to offer broadband
access to their passengers, armies to gather more data from
unmanned vehicles, and industrial customers to manage their plants,
mines and fleets more efficiently.
The third of the Boeing Co. (BA)-made satellites, each weighing
more than six metric tons, fills a hole over the Pacific to provide
global coverage in all but some polar regions. The one launched
Friday is due to provide European coverage and is expected to come
on-line this year after an in-orbit checkout phase.
Inmarsat Chief Executive Rupert Pearce said in an interview
earlier that GX customers initially are likely to be mostly
government buyers of bandwidth, already a core customer for the
company, though eventually other markets such as airlines will gain
traction.
The launch is also critical for International Launch Services
Inc. and Russia's Khrunichev rocket-production center, which are
responsible for the launch. A number of Proton launch failures in
recent years have caused delays and turned off some satellite
operators from using the Russian rocket. Previous launch failures
set back Inmarsat's plans to operate GX globally.
Inmarsat has promised investors that the $1.6 billion invested
in GX will generate annual revenues of $500 million from the fifth
year. Mr. Pearce said the system will also serve as an inflection
point for earnings growth.
Write to Robert Wall at Robert.Wall@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 28, 2015 09:15 ET (13:15 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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