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Demand for airline wifi helps Inmarsat grow in Q3

Reuters - UK Focus

LONDON, Nov 3 (Reuters) - British satellite company Inmarsat (LSE: ISAT.L - news) reported a 5.8 percent rise in third-quarter revenue helped by increasing demand from airlines for onboard wifi and services to governments.

British Airways-owner IAG said on Wednesday it would use Inmarsat (Other OTC: IMASF - news) 's network to provide wifi on its short-haul fleets from 2017, joining Air New Zealand and another major European airline in choosing the provider in the period since the quarter ended.

Growth in its aviation and government businesses offset lower revenue from the company's maritime services, as the group said "trading continued to be challenging".

It kept its revenue guidance for 2016 unchanged at $1,175-1,250 million, excluding its Ligado networks business.

(Reporting by Paul Sandle; editing by Sarah Young)