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Video CT scanners bring ancient mummies to life Searching for emotional link of man and machine Zeebox aims to be "Facebook of TV" Follow Reuters Facebook Twitter RSS YouTube Read U.S. Army soldier arrested on suspicion of espionage 01 Nov 2011 Kim Kardashian denies profiting from TV wedding | 01 Nov 2011 Greek PM wins over cabinet, next up Merkel and Sarkozy | 3:29am EDT Zooey Deschanel separates from Death Cab frontman 01 Nov 2011 Loneliness may cause fitful sleep: study 01 Nov 2011 Discussed 158 Insight: U.S. firms to charge smokers, obese more for healthcare 140 Two abortion clinic employees plead guilty to murder 112 Jobless US vets say military experience not valued Watched Stallone stuntman dies on set Mon, Oct 31 2011 Flight from U.S. makes emergency landing Tue, Nov 1 2011 New CPR technique revives man after 63 minutes without pulse Thu, Oct 27 2011 Inmarsat Q3 earnings up 18 percent on LightSquared deal Tweet Share this Email Print Related News Thomson Reuters CEO eyes 2013 for reorg benefits Tue, Nov 1 2011 Amazon profit forecast disappoints, stock slumps Tue, Oct 25 2011 Apple blames iPhone rumors for disappointing results Tue, Oct 18 2011 Analysis & Opinion How to justify Groupon’s valuation Procter & Gamble profit in line, keeps year view Related Topics Technology » Media » LONDON | Wed Nov 2, 2011 3:44am EDT LONDON (Reuters) - British satellite provider Inmarsat said its LightSquared spectrum sharing agreement in North America boosted its revenue in the third quarter as it saw no signs of growth in its core shipping services. The company, which provides communications to ships, aircraft and the military, reported a 18.4 percent rise in third-quarter earnings to $224.4 million, beating analysts' expectations, on 22 percent higher revenue in its global business of $245.2 million. Chairman and Chief Executive Andrew Sukawaty said: "Revenue from our Cooperation Agreement with LightSquared continues to drive strong headline growth and offset a slowdown in our MSS(maritime services) revenues. "While third quarter MSS results were in line with our expectations, as previously stated, we are unlikely to see consistent evidence of a return to MSS revenue growth until next year." Inmarsat abandoned its forecast for 2-4 percent annual revenue growth for its core business in the summer after its shipping customers moved to lower-revenue terminals faster than it expected. Sailors are using the broadband services to send emails and update Facebook rather than making higher revenue telephone calls. Shares in the group plunged to a near-three-year low after the downgrade, and although they have partially recovered, stand 35 percent lower than at the start of the year. Analysts expected the company to report third-quarter earnings of $209.5 million, according to a Thomson Reuters I/B/E/S poll. (Reporting by Paul Sandle) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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