Is the Vodafone Partnership Expanding the Remote IoT Opportunity for Iridium Communications (IRDM)?

• On November 4, 2025, Vodafone IoT announced a partnership with Iridium Communications to integrate Iridium’s NTN Direct service, expanding Vodafone’s NB-IoT and direct-to-device connectivity into the most remote locations worldwide.
• This collaboration highlights the growing role of satellite-based networks in supporting mission-critical industrial and infrastructure applications where reliable, global connectivity is essential.
• We'll examine how the Vodafone partnership strengthens Iridium’s position in the expanding market for remote IoT connectivity.

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Iridium Communications Investment Narrative Recap

To be a shareholder in Iridium Communications today, you need to believe that satellite-based IoT connectivity is set for major expansion, and that Iridium’s technology and global network will capture a meaningful share of the market’s shift to remote data communications. While the new Vodafone partnership underscores demand for Iridium’s NTN Direct service and could reinforce the company’s role as a connectivity provider, it is not likely to immediately offset concerns about slowing IoT service revenue growth, which remains the most important short-term catalyst and risk to monitor.

One announcement that stands out is Iridium’s recent collaboration with Deutsche Telekom to deliver global NTN Direct connectivity, with the commercial launch also targeted for 2026. Like the Vodafone deal, this partnership reflects ongoing momentum in integrating Iridium’s technology with leading mobile network operators, potentially broadening the company’s addressable market and supporting growth, provided that demand materializes as anticipated.

However, amidst these encouraging partnerships, investors should be aware that IoT service revenue growth has slowed in recent quarters and...

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

Iridium Communications is projected to achieve $982.9 million in revenue and $174.8 million in earnings by 2028. This implies an annual revenue growth rate 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 $31.00 fair value, a 83% upside to its current price.

Exploring Other Perspectives

Eight private investors in the Simply Wall St Community offered fair value estimates for Iridium ranging from US$25 to US$67.47 per share, illustrating broad differences in projections. With IoT service revenue growth decelerating despite partner expansion, understanding these perspectives can be crucial for informing your outlook on Iridium’s future performance.

Explore 8 other fair value estimates on Iridium Communications - why the stock might be worth just $25.00!

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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