How Investors May Respond To Iridium Communications (IRDM) Expanding Satellite IoT Connectivity With Vodafone Partnership

• On November 4, 2025, Vodafone IoT announced a partnership with Iridium Communications to integrate Iridium NTN Direct, extending NB-IoT and direct-to-device connectivity to Vodafone's customers in remote locations through Iridium’s global satellite network.
• This collaboration is expected to unlock robust connectivity for industries such as energy, transport, and emergency services, strengthening enterprise IoT solutions where traditional networks do not reach.
• Next, we'll explore how Vodafone IoT’s expanded access to Iridium’s NTN Direct service influences Iridium’s long-term growth outlook.

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Iridium Communications Investment Narrative Recap

To own shares in Iridium Communications, an investor must trust in the expanding role of satellite-based IoT connectivity, especially as enterprises demand resilient direct-to-device services in hard-to-reach areas. The Vodafone IoT partnership further validates Iridium’s global reach, but the most important short term catalyst, returning IoT service revenue growth to double digits, remains unproven, while rapid migration to lower-value backup maritime plans continues as the most material operational risk.

Among recent announcements, the Deutsche Telekom partnership, much like Vodafone IoT, spotlights growing integration of Iridium’s NTN Direct with leading global carriers. The stakes remain high for new service launches, as successful execution could accelerate IoT revenue, but short-term headwinds from revenue mix pressure and decelerating IoT demand persist.

On the other hand, investors should be aware of accelerating migration of core maritime customers to lower-ARPU backup plans and its impact on...

Read the full narrative on Iridium Communications (it's free!)

Iridium Communications is projected to reach $982.9 million in revenue and $174.8 million in earnings by 2028. This outlook is based on annual revenue growth of 4.7% and an increase in earnings of $61.6 million from the current level of $113.2 million.

Uncover how Iridium Communications' forecasts yield a $29.75 fair value, a 80% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community users estimate Iridium’s fair value from US$25.76 to US$68.15, across seven perspectives, with wide gaps. This diversity stands out as IoT service revenue growth deceleration threatens overall business momentum, explore more viewpoints to understand the full picture.

Explore 7 other fair value estimates on Iridium Communications - why the stock might be worth over 4x more than the current price!

Build Your Own Iridium Communications Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Iridium Communications research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Iridium Communications research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Iridium Communications' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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