Iridium Communications and Vodafone IoT Partnership: Expanding IoT Coverage and Recurring Revenue

Iridium Communications recently announced a partnership with Vodafone IoT to integrate its Iridium NTN Direct service, expanding its global IoT coverage and enabling direct-to-device communications in remote areas. This collaboration may address recent deceleration in IoT service growth, but the material impact on revenue trajectory is likely to be realized over the longer term. The partnership aligns with Iridium's ambition of broadening its IoT revenue base and reinforces the narrative that successful commercial launches could reaccelerate growth.