Core Insights - Iridium Communications Inc. has signed a Memorandum of Understanding (MOU) with Karrier One to integrate Iridium's NTN Direct IoT capabilities into Karrier One's ecosystem, enhancing global connectivity opportunities [1][11] - The collaboration aims to redefine connectivity beyond geographical limitations, with a bilateral agreement for technical integration and commercial rollout expected to follow [2] Collaboration Benefits - The partnership allows Karrier One deployers to connect sensors and devices globally, even in areas lacking terrestrial mobile networks, without needing local base stations [3] - Utilizing Iridium's low-Earth orbit satellite constellation, the collaboration provides reliable pole-to-pole coverage, facilitating immediate global connectivity for IoT solutions [4] - Key advantages include global reach for narrowband IoT devices, no infrastructure deployment, resilient M2M communications for critical industries, and seamless access to Iridium connectivity through Karrier One's platform [5] Recent Partnerships and Developments - Iridium has recently partnered with Deutsche Telekom to enhance global connectivity through its upcoming NTN Direct service, positioning both companies at the forefront of 5G-powered NTN [6] - In May 2025, Iridium collaborated with Syniverse to enable the global deployment of its NTN Direct service, aiming for direct-to-device and narrowband IoT connectivity integrated with terrestrial networks [7] Financial Outlook - Iridium is investing in R&D to enhance its technology infrastructure, with expectations to generate approximately $1 billion in annual service revenues by 2030 [8] - However, the company has revised its 2025 service revenue growth forecast down to 3-5% from an earlier estimate of 5-7%, citing various challenges including maritime broadband transition and revenue delays [9] Stock Performance - Iridium currently holds a Zacks Rank 3 (Hold), with its shares declining by 37.8% over the past year, contrasting with a 164.2% increase in the Zacks Satellite and Communication industry [10]

Group 1 - Iridium Communications Inc. has been downgraded by Raymond James from 'Strong Buy' to 'Outperform', with a price target cut from $39 to $26 [1][2] - The downgrade is attributed to increased competition from SpaceX Starlink, which has announced the purchase of 50 MHz of AWS-4 and H-Block spectrum in the US [2][3] - Iridium's stock has experienced a significant pullback of approximately 29% in recent weeks due to these competitive pressures [3] Group 2 - Iridium Communications provides global voice and data services through a network of 66 low-Earth orbit satellites, ensuring worldwide coverage including remote areas [4] - The company's unique interconnected mesh network facilitates reliable communication services such as satellite phones, text messaging, and internet access from virtually any location [4]

Core Points - Iridium Communications Inc. will host a conference call on October 23, 2025, at 8:30 a.m. ET to discuss its third-quarter 2025 financial results [1] - The earnings press release will be available on the investor relations page of the company's website prior to the call [1] - A replay of the webcast will be accessible approximately one hour after the call concludes [2] Company Overview - Iridium is the only mobile voice and data satellite communications network that provides global coverage [3] - The company enables real-time connections between people, organizations, and assets worldwide [3] - In 2024, Iridium acquired Satelles, enhancing its positioning, navigation, and timing (PNT) services [3] - Iridium is headquartered in McLean, Virginia, and trades on the Nasdaq Global Select Market under the ticker symbol IRDM [3]

Group 1 - Barclays reiterated its "overweight" rating on AST SpaceMobile (NASDAQ:ASTS) and Iridium Communications (NASDAQ:IRDM) [5] - Barclays lowered Viasat (NASDAQ:VSAT) to "underweight" from "equal weight" [5] - The current landscape of the industry indicates that legacy players will face challenges [5]

Core Insights - Iridium Development Inc focuses on building elevated homes in Florida to protect against flood damage while enhancing long-term homeowner equity [3][5][9] Company Overview - Iridium Development Inc is a Florida-based residential construction company specializing in elevated housing designed to mitigate flood risks while adding homeowner equity [9] - The company provides turnkey services covering permitting, design, and construction, with homes completed in as little as four to five months [9] Housing Solutions - Each project is a custom home tailored to the homeowner's specifications and the environmental challenges of the region [4] - Homes are delivered as turnkey products, streamlining the construction process and reducing overall costs, which are passed on to clients [4][5] Financial Value - The appraised value of each finished home is expected to exceed the cost of construction, providing homeowners with instant equity upon completion [5] - Financing options are available through the U.S. Small Business Administration (SBA), offering second mortgages at competitive interest rates to help families secure safer housing [6] Community Impact - The company aims to build resilient communities in Florida by offering affordable homes that are both practical and protective, contributing to safer neighborhoods and long-term property stability [8]

Core Insights - The telecom sector has shown an 11% gain in 2024, but it has underperformed compared to the broader market, with the S&P 500 increasing by approximately 25% and the NASDAQ by nearly 30% [1] Industry Overview - The telecom industry has experienced periods of significant revenue growth, initially driven by wireline services and later by mobile connectivity and broadband internet. Outside these high-growth phases, the sector is generally characterized by steady but slower revenue growth, typically in the single digits, with global average dividend yields around 4% [2] - Future expectations for telecom companies include a focus on cost reductions, careful capital spending management, monetizing past investments, and leveraging mergers and acquisitions to enhance value. Companies with a growth focus may seek to accelerate revenue beyond traditional connectivity services [3] Methodology for Stock Selection - The stock selection process involved scanning Insider Monkey's database of nearly 1,000 hedge funds as of Q2 2025, identifying telecom sector stocks that pay dividends, and ranking them based on the number of hedge fund investors [5] Company Highlights - **TELUS Corporation (NYSE:TU)**: - Ranked among Canada's top telecom providers, TELUS benefits from a subscription-driven model that ensures consistent revenue. The company has a strong dividend growth record, having raised payouts for 21 consecutive years, currently offering a quarterly dividend of $0.4163 per share and a dividend yield of 7.66% as of September 24 [7][8] - TELUS is investing approximately $70 billion through 2029 to enhance its 5G and broadband networks, aiming to support customer growth and service quality [9] - The healthcare division, TELUS Health, is experiencing solid momentum due to strategic investments and innovative offerings [10] - **Ubiquiti Inc. (NYSE:UI)**: - A networking technology firm that serves clients in over 75 countries, Ubiquiti employs a community-driven marketing strategy rather than a large direct sales team. The company has maintained a solid dividend policy since 2018, increasing its quarterly dividend by 33.3% to $0.80 per share in August, resulting in a dividend yield of 0.50% as of September 24 [11][13] - **Iridium Communications Inc. (NASDAQ:IRDM)**: - Provides global satellite-based voice and data services through a network of 66 low Earth orbit satellites, focusing on government contracts and expanding into new areas like direct-to-device satellite connectivity. Iridium initiated its dividend policy in 2022, currently offering a quarterly dividend of $0.15 per share and a dividend yield of 3.44% as of September 24 [14][15][16]

Industry Overview - Globalstar, Inc. (GSAT) and Iridium Communications Inc. (IRDM) are key players in the satellite communications industry, which is crucial for global connectivity, especially in remote areas where terrestrial networks are unavailable [1][2] - The global satellite communication market is projected to grow at a CAGR of 10.2% from 2025 to 2030, reaching $159.6 billion [1] Globalstar (GSAT) Insights - Globalstar operates a Low Earth Orbit (LEO) satellite constellation, providing mobile satellite services and voice/data communications across various sectors [3] - The company possesses proprietary spectrum, which is a significant competitive advantage in the satellite communications space [3][4] - GSAT is experiencing growth in wholesale capacity services and commercial IoT revenues, with a revenue outlook of $260-$285 million for 2025 and expected adjusted EBITDA margins around 50% [4][9] - Innovative platforms like the RM200 two-way module and XCOM RAN are expected to drive further revenue growth, with the RM200M module gaining traction in sectors such as oil & gas and defense [5][6] - A comprehensive infrastructure upgrade is underway, including the addition of approximately 90 antennas across 35 ground stations in 25 countries, enhancing network capacity and resiliency [7] Iridium Communications (IRDM) Insights - Iridium operates a large commercial constellation of 66 operational LEO satellites, which minimizes the need for ground infrastructure [10] - The company is focused on growth in commercial IoT, voice and data, and government segments, with a significant relationship with the U.S. Department of Defense [11] - Iridium aims for $1 billion in service revenues by 2030, driven by services like STL, IoT, and Direct-to-Device [12][13] - Despite maintaining a long-term outlook, Iridium has lowered its 2025 service revenue growth guidance from 5-7% to 3-5% due to various factors [14] Share Performance and Valuation - Over the past month, GSAT's stock rose by 22.8%, while IRDM's stock declined by 30.4% [9][17] - GSAT shares are trading at a forward 12-month price/sales ratio of 14.52X, significantly higher than IRDM's 2.06X [18] - Analysts have revised earnings estimates upward for GSAT, while IRDM has seen marginal downward revisions [20][22] Investment Outlook - Both companies are well-positioned to benefit from the growing satellite communications market [22] - GSAT currently holds a Zacks Rank 1 (Strong Buy), indicating a more favorable investment outlook compared to IRDM, which holds a Zacks Rank 3 (Hold) [23]

Core Insights - Mavenir has been selected by Iridium Communications Inc. to deploy its core network for non-terrestrial network (NTN) services, facilitating direct device-to-device (D2D) communication based on 3GPP standards [1][2] - The deployment will utilize Mavenir's fully containerized, cloud-native converged packet core solution on Iridium's AWS cloud environment, supporting the launch of Iridium NTN Direct services [1][2] - This partnership marks a strategic milestone for Mavenir in achieving seamless connectivity between terrestrial and non-terrestrial domains, enhancing global NB-IoT service delivery [2] Mavenir's Solution - Mavenir's solution includes a comprehensive set of core network functionalities such as converged session management, user plane functions, policy control, user management, network exposure, and messaging capabilities, supported by a centralized operations and analytics platform [2][3] - The solution is designed for high availability and geographic redundancy across multiple AWS regions, ensuring robust performance [2] Integration and Future Prospects - The project can be easily integrated into Iridium's existing configuration and billing systems, supporting multiple interfaces for NB-IoT traffic transmission, including IP, UDP, TCP, and non-IP data transmission (NIDD) [3] - Future evolution towards 5G NR will allow Iridium to leverage the same backend infrastructure, providing a smooth migration path to D2D connectivity with minimal downtime [3] Company Background - Mavenir is focused on building future networks through cloud-native, AI-driven solutions that enable operators to realize the benefits of 5G and create intelligent, automated, programmable networks [4] - As a pioneer of Open RAN and a recognized industry disruptor, Mavenir's award-winning solutions are automating and monetizing mobile networks globally, accelerating the software network transformation for over 300 communication service providers in more than 120 countries, serving over 50% of global users [4]

Core Insights - Iridium Risk Services / Navacord is sponsoring the Schachter Catch the Energy Conference to connect investors with opportunities in Canada's energy sector [2][4] - The conference will feature direct interactions between investors and executives from 45 participating companies, covering various segments of the energy industry [4][5] - The event is positioned as a significant opportunity for investors to gain insights during the early stages of a new bull market in the energy sector [5] Company Overview - Iridium Risk Services / Navacord aims to provide better service to the energy industry by focusing on risk management rather than just insurance advice [3] - The company has expanded its expertise beyond the energy sector while maintaining a strong focus on risk management [3] - The firm emphasizes high standards and client satisfaction as core values, positioning itself as a disruptor in the insurance brokerage community [3] Conference Details - The Schachter Catch the Energy Conference will take place on October 18th at Mount Royal University in Calgary [1] - The conference will allow investors to meet company executives and ask questions in a moderated format [4] - Major sponsors include the TMX group, highlighting the conference's significance in the energy investment landscape [4]

If you have been following my work, you will know that I like investment setups where I see an increasing divergence in price performance among peers. Such setups tend to present attractive pair trades because usually theI'm a self taught equity analyst, I run a consultation firm in South Africa where we help clients with estimating the value of construction projects, over the past 5 years I've been retail investing and learning more about how the stock market works, following the work of Ben Graham and Joe ...