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Inmarsat forecasting USD1.3bn in revenue for year

Thu, 08th Oct 2015 07:10

(ShareCast News) - Inmarsat is reiterating its financial guidance for the year ahead of its Capital Markets Day.The FTSE 100 company on Thursday said there's no material change in the trading environment or the group's performance.It highlighted that group revenue for the year is expected to be between $1.25bn and $1.3bn, including revenue of $70m expected from LightSquared.The company said capex for the full year is expected to be in the range of $450m to $500m.

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