PARIS — Mobile satellite services provider Inmarsat is laying off 10% of its staff and sharply reducing its dividend to continue investing in in-flight connectivity, which it views its main growth driver in the coming years.
Acknowledging that it had spent more than it would like to win initial airline IFC contracts, the company said such investment will drop now that it has established a position worldwide with its Global Xpress Ka-band broadband network.
The company believes the geostationary-orbit network of four satellites gives it early traction . . .
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