Inmarsat Plc Interim Management Statement
Three months ended 30 September Increase/ (US$ in millions) 2012 2011 (decrease) Inmarsat Global - MSS revenue 186.7 180.7 3.3% Inmarsat Global - Other Income (including LightSquared) 11.7 64.5 (81.9%) Inmarsat Solutions 205.9 197.4 4.3% 404.3 442.6 (8.7%) Intercompany eliminations and adjustments (78.4) (78.5) Total revenue 325.9 364.1 (10.5%)
Three months ended 30 September Increase/ (US$ in millions) 2012 2011 (decrease) Maritime voice services 19.6 21.6 (9.3%) Maritime data services 85.4 68.0 25.6% Total maritime sector 105.0 89.6 17.2% Land mobile voice services 3.7 2.2 68.2% Land mobile data services 30.6 34.8 (12.1%) Total land mobile sector 34.3 37.0 (7.3%) Aviation sector 24.3 26.6 (8.6%) Leasing 23.1 27.5 (16.0%) Total MSS revenue 186.7 180.7 3.3% Other income (including LightSquared) 11.7 64.5 (81.9%) Total revenue 198.4 245.2 (19.1%)
Growth in maritime data revenue resulted primarily from the impact of pricing initiatives implemented in the first half of 2012. During the third quarter we added 2,128 FleetBroadband terminals and ended the quarter with an installed base of over 32,000 active FleetBroadband terminals. On-going decline in maritime voice revenue is due to a structural shift to data services through increasing email substitution and take up of VOIP applications, offset to a limited extent by organic voice growth opportunities from crew services and smaller vessels.
On-going customer migration to FleetBroadband from our older maritime services will have a continuing negative impact on our rate of revenue growth in the maritime sector because the cost of service is typically lower than for the services being replaced. Generally, we expect this impact to be offset by on-going usage increases and net new subscriber growth.During the quarter, take up of XpressLink, our hybrid L and Ku-band maritime service, was also encouraging and a number of new contracts were signed and will begin installation over the coming months. At the end of the quarter we had an installed base of 1,150 ships using our VSAT service, including more than 250 ships using XpressLink.
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