Key Developments: Inmarsat PLC (ISA.L)

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Latest Key Developments (Source: Significant Developments)

Inmarsat PLC Board intends to declare and pay an interim dividend
Tuesday, 5 Aug 2014 02:00am EDT 

Inmarsat PLC:Board intends to declare and pay an interim dividend for the 2014 financial year of 18.68 cents per ordinary share on Oct. 24 to ordinary shareholders on the share register at the close of business on Oct. 3.Dividend payments will be made in Pounds Sterling based on the exchange rate prevailing in the London market four business days prior to payment.This dividend has not been recognised as a liability as at June 30.  Full Article

Airbus Defence and Space to deliver Global Xpress terminals with Inmarsat
Monday, 30 Jun 2014 08:00pm EDT 

Airbus Group NV:Airbus Defence and Space signs agreement with Inmarsat covering high-throughput airborne Global Xpress (GX) terminals.Inmarsat provides global mobile satellite communications services.Agreement unleashes high throughput satcom options for comms-on-the-move ISR (Intelligence, Surveillance and Reconnaissance) operations for aircraft, as well as for Unmanned Aerial Vehicle (UAV) domain.Military and other government customers are to have access to Inmarsat's Global Xpress Ka-band service through Airbus Defence and Space's airborne portfolio.  Full Article

Inmarsat PLC update on cooperation agreement with LightSquared
Friday, 4 Apr 2014 10:25am EDT 

Inmarsat PLC:Says LightSquared elected to restart Phase two which had been suspended since April 20, 2012.In connection with this election notice, a payment of $5 mln became due after 5 business days and was received on April 3.Phase two quarterly payments will become due for payment by LightSquared within 30 days of June 01, the date on which the parties have agreed that the Phase two spectrum for this option will be made available for use.Thereafter, Phase two payments will fall due on the next March 31, June 30 Sept. 30, and Dec. 31 of each year.The payments due under the Phase two option elected by LightSquared are $12.5 mln per quarter, increasing at a rate of 3 pct annually with an additional amount of $5 mln per quarter payable for the first 10 quarters.LightSquared has elected the Phase two option with the lowest associated payments due to Inmarsat and has until March 31, 2016 to make further elections which would give LightSquared additional spectrum rights and increase payments due to Inmarsat.  Full Article

Inmarsat PLC partners with Sasken Communication Technologies Ltd
Monday, 24 Mar 2014 06:30am EDT 

Sasken Communication Technologies Ltd:Delivered full phone development of Inmarsat's IsatPhone 2 satellite mobile handset.Sasken was deeply involved in development, including software, hardware, mechanical design, antenna design, system integration, testing, as well as manufacturing support.Engagement follows a successful partnership the two companies had earlier, for development of IsatPhone Pro in 2010.  Full Article

Inmarsat PLC recommends final dividend
Thursday, 6 Mar 2014 02:00am EST 

Inmarsat PLC:Recommends a final dividend of $0.2882 per ordinary share in respect of the year ended Dec. 31, 2013 to be paid on May 30 to ordinary shareholders on the register of members at the close of business on May 16.  Full Article

Inmarsat PLC announces new CFO
Friday, 21 Feb 2014 06:30am EST 

Inmarsat PLC:Says that Tony Bates will join the company on June 2 as an executive director and chief financial officer.  Full Article

Rignet Inc completes acquisition of Inmarsat Plc' s energy broadband business
Monday, 3 Feb 2014 06:00am EST 

Rignet Inc:Says it has completed a strategic transaction with Inmarsat plc, involving the sale of substantially all of Inmarsat's Energy Broadband business to RigNet.Says and also appointment of RigNet as a Value Added Reseller of Inmarsat's Global Xpress (GX) service and as a Distribution Partner for Inmarsat's L-band services to the energy sector worldwide.Says it has acquired Inmarsat's Energy Broadband business for $25.0 mln in cash.Says under the terms of the deal, Inmarsat sold to RigNet substantially all of its energy broadband assets.Says Inmarsat's energy interests in Russia have been excluded from the transaction.Says it has financed the transaction through its existing credit facility.  Full Article

Inmarsat PLC closes deal on Globe Wireless
Friday, 3 Jan 2014 06:00am EST 

Inmarsat PLC:Says it had completed regulatory and other approvals in relation to its $45 million purchase of Globe Wireless, the Florida-based provider of value-added maritime communications services to the shipping market.Says as a consequence, Inmarsat has now completed its acquisition of Globe Wireless.Says acquisition includes the business and substantially all of the assets of Globe Wireless LLC.  Full Article

Astrium and Inmarsat sign strategic agreement on Global Xpress
Thursday, 19 Dec 2013 08:30am EST 

Inmarsat PLC:Says the company and Astrium have reached a distribution partnership agreement which will see Global Xpress services made available to Astrium Services' partner and customer base.Says the agreement will cover key vertical markets, including the maritime, as well as the government and defence sector, initially in Europe.Says in due course the Astrium Services Global Xpress offering will encompass all service types - packaged services, bandwidth capacity, as well as commercial and military Ka-band.  Full Article

Inmarsat PLC to acquire Globe Wireless LLC
Tuesday, 17 Dec 2013 02:00am EST 

Inmarsat PLC:Announces the acquisition of the business and substantially all of the assets of Globe Wireless LLC.Says headquartered in Palm Bay, Florida, Globe Wireless is a provider of maritime communications services to the shipping market.Says Inmarsat will acquire the business of Globe Wireless for a total consideration of $45 million and will fund the acquisition from available liquidity.Says closing of the transaction is subject to certain regulatory and other approvals, which are expected to be completed in Jan. 2014.  Full Article


Inmarsat says Proton delay will hold up new network

LONDON - British satellite company Inmarsat said the global implementation of its new communications network would be delayed by as much as six months as its Russian launch provider Proton recovers from a failure.

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