Iridium Communications Inc Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst : First, I just wanted to commend Tom for hedging the floating rate debt. And then I cover another company, it was downgraded recently because of floating rate debt exposure. So that was very savvy Tom and your team.

Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst : Second, related to the smartphone announcement and the 7 or 8 questions that followed, are you looking to be exclusive with the smartphone OEM or are you going to be open to several smartphone OEMs?

Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst : Sounds good. And in response to I think Ric's question, you mentioned other consumer devices potentially as part of the agreement. Just broadly, is it feasible for the Iridium technology to be embedded in a device as small as a smart watch?

Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst : And in terms of the term service provider agreement, you already have service provider agreements with Garmin, Zoleo and other partners such that they pay you either a wholesale rate per message, per byte or per month and then the service provider actually charges their end customers whatever economic arrangement they've set, right?