Benzinga | Apr 20, 2021 07:07AM EDT

Iridium Communications Reiterates FY21 Guidance

* Total service revenue growth of approximately 3% for full-year 2021. Total service revenue for 2020 was $463.1 million.

* Full-year 2021 OEBITDA between $365 million and $375 million. OEBITDA for 2020 was $355.6 million.

* Negligible cash taxes in 2021. Cash taxes are expected to be negligible through approximately 2023.

* Net leverage of below 3.5 times OEBITDA at the end of 2022, assuming $300.0 million in share repurchases. Net leverage was 3.9 times OEBITDA at December 31, 2020.