AirAsia Group signs contract to offer Inmarsat’s GX Aviation high-speed broadband on more than 120 aircraft
Inmarsat (ISAT.L), the world’s leading provider of global mobile satellite communications, announced that AirAsia Group has selected its next-generation GX Aviation inflight broadband solution for more than 120 Airbus aircraft. The landmark contract signed by Inmarsat and AirAsia Group, through its subsidiary ROKKI, covers all existing and future Airbus A320 and A330 aircraft operated across the AirAsia Group, including the long-haul operator AirAsia X. The agreement also has the scope to include any additional aircraft types due for delivery in the coming years, such as the Airbus A350. The first installations of GX Aviation onboard AirAsia Group aircraft, together with the launch of commercial service, are both scheduled to commence in the first half of 2018.
Inmarsat Aviation President Philip Balaam said, “AirAsia Group is one of the aviation industry’s leading innovators and we are delighted that GX Aviation will play a key role in their future service offering. The fact that we have signed this contract within months of announcing a Memorandum of Understanding is testament to AirAsia’s confidence in GX Aviation and builds on its successful track record as a leading customer of our SwiftBroadband service.
“The scale of this contract, covering more than 120 existing aircraft and one of the industry’s largest orderbooks for additional aircraft, showcases our status as a global market leader in advanced inflight broadband. Inmarsat has the fastest growing service uptake in our market, with, following this agreement, more than 1,300 aircraft, expected under signed contracts, both installed and under backlog, for our next generation GX Aviation and European Aviation Network (EAN) solutions.”
AirAsia Group Chief Executive Officer Tony Fernandes said, “GX Aviation will form the backbone of AirAsia’s digital cabin offering. By delivering inflight connectivity that’s indistinguishable from what you get on-ground, our guests will be able to stay connected in ways that matter to them, whether it’s streaming movies or music, checking social media, messaging friends or catching up with work emails. Coupled with our ROKKI entertainment and e-commerce platform featuring free movies, music, articles and games as well as shopping, AirAsia guests will soon be able to enjoy one of the richest digital inflight experiences in Asia, while also enhancing our knowledge of our guests with very rich data.”
This contract supports Inmarsat’s strategy of providing airlines with tailored scalable capacity by designing, owning and operating a global network of High-Throughput Satellites (HTS). GX Aviation is the world’s first in-flight connectivity solution with seamless, reliable high-speed global coverage provided through a single operator. It is the only service in the market that guarantees minimum data rates, ensuring that airline passengers can browse the internet, stream videos, check social media and more during flights, with an onboard connectivity experience comparable to the mobile broadband services they may receive on the ground.
AirAsia Group will connect to the GX network using exclusive new JetWave terminals produced by Honeywell Aerospace. The terminals are designed for ease of installation and maintenance to assure the lowest downtime for any cabin connectivity solution in the market, allowing installation with minimal labour and using standard tools available in maintenance hangars.
Inmarsat plc is the leading provider of global mobile satellite communications services.
Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. Inmarsat operates around the world, with a presence in the major ports and centres of commerce on every continent. Inmarsat is listed on the London Stock Exchange (ISAT.L).
The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction. The Shareholder Yield of Liberty Broadband Corporation (NasdaqGS:LBRD.K) is -0.13%. This percentage is calculated by adding the dividend yield plus the percentage of shares repurchased. Dividends are a common way that companies distribute cash to their shareholders. Similarly, cash repurchases and a reduction of debt can increase the shareholder value, too. Another way to determine the effectiveness of a company’s distributions is by looking at the Shareholder yield (Mebane Faber). The Shareholder Yield (Mebane Faber) of Liberty Broadband Corporation NasdaqGS:LBRD.K is -0.00143. This number is calculated by looking at the sum of the dividend yield plus percentage of sales repurchased and net debt repaid yield. There is no easy answer when attempting to address the tough question of how to best approach the equity market, especially when facing a turbulent investing climate. There are many different schools of thought when it comes to stock trading. Investors may have to first gauge their appetite for risk in order to build a solid platform on which to construct a legitimate strategy. The wealth of available information has made the road a bit smoother to travel for amateur investors. Making the transition to the next level is most likely on the minds of many dedicated investors. Tracking technicals and fundamentals may also help provide a roadmap to help separate the contenders from the pretenders.
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Free Cash Flow Growth (FCF Growth) is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year’s free cash flow. The FCF Growth of Liberty Broadband Corporation (NasdaqGS:LBRD.K) is -1.261972. Free cash flow (FCF) is the cash produced by the company minus capital expenditure. This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends. The Free Cash Flow Score (FCF Score) is a helpful tool in calculating the free cash flow growth with free cash flow stability – this gives investors the overall quality of the free cash flow. The FCF Score of Liberty Broadband Corporation (NasdaqGS:LBRD.K) is -1.257411. Experts say the higher the value, the better, as it means that the free cash flow is high, or the variability of free cash flow is low or both. The Price Index is a ratio that indicates the return of a share price over a past period. The price index of Liberty Broadband Corporation (NasdaqGS:LBRD.K) for last month was 0.97943. This is calculated by taking the current share price and dividing by the share price one month ago. If the ratio is greater than 1, then that means there has been an increase in price over the month.
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The Piotroski F-Score is a scoring system between 1-9 that determines a firm’s financial strength. The score helps determine if a company’s stock is valuable or not. The Piotroski F-Score of Liberty Broadband Corporation (NasdaqGS:LBRD.K) is 2. A score of nine indicates a high value stock, while a score of one indicates a low value stock. The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings. It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue. The score is also determined by change in gross margin and change in asset turnover. The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The ERP5 of Liberty Broadband Corporation (NasdaqGS:LBRD.K) is 16899. The lower the ERP5 rank, the more undervalued a company is thought to be. The MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. The MF Rank of Liberty Broadband Corporation (NasdaqGS:LBRD.K) is 10315. A company with a low rank is considered a good company to invest in. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, “The Little Book that Beats the Market”. The Q.i. Value of Liberty Broadband Corporation (NasdaqGS:LBRD.K) is 61. The Q.i. Value is a helpful tool in determining if a company is undervalued or not. The Q.i.
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Telecoms giant TalkTalk has been named the worst broadband provider in Britain by consumer watchdog Which? It found the firm was not on the same wavelength as account holders, scoring just 40 out of 100 in a customer satisfaction survey. The biggest gripes about TalkTalk were slow broadband speeds, screens freezing and poor customer service.
It is the fifth time running the provider has been last in the consumer champion’s satisfaction league. And there was a fall from grace from Sky which was the second worst according to a poll of 1,700 telecoms customers.
Broadband companies are not up to speed according to Which? (Image: Getty)
It managed just 45 out of 100, tumbling from eighth in a Which? survey in April, to 11th. BT rose one place from 11th to 10th with 46 and the Post Office was ranked one place higher with 47.
Minnow Zen Internet was rated tops with 85 followed by Utility Warehouse with 76 as both were seen as offering value for money by customers. SSE took third place with 68 and John Lewis Broadband came fourth with 66.
The best and worst broadband providers
Source: Which? Which? has launched a Fix Bad Broadband campaign1 and is calling on households to check their speeds via an online tool which shows the actual speed which can then be compared with the advertised one.
Alex Neill, Which? managing director of home products and services, said: “Far too many people are still getting a poor deal from their broadband provider. Big players need to improve their service across the board or expect their customers to take their business elsewhere.”
Yesterday (Thurs), TalkTalk admitted it was “disappointed” by the survey results but was working hard to get the service up to speed. A spokesperson said: “We strive to give customers the best possible experience. Our extensive investment programme has already led to fewer faults and quicker repair times.
“Whilst we’re very pleased to see this paying off with rising customer satisfaction on TV bundles, we are disappointed by the survey results on broadband.
We will continue investing to improve the service we deliver.”
Your broadband consumer rights
It you think your service is bad, the good news is you could be entitled to compensation. That’s because your broadband provider has a legal obligation to deliver what you pay for – and what you were sold. These are your rights:
All goods and services must be of satisfactory quality, fit for purpose, delivered as described, and provided to a proper standard of workmanship. In other words, your broadband should work.
Both you and your broadband provider must comply with the terms on your contract. If you consider your provider to be in breach of the contract – e.g.
if you’re not being delivered consistent service – you have the right to cancel it.
The contract with your broadband provider must be fair.
You have the right to cancel your contract at any point – though in some circumstances you’ll need to pay a fee.