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Inmarsat PLC (ISA.L)

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Latest Key Developments (Source: Significant Developments)

Inmarsat places $650 mln convertible bond
Thursday, 1 Sep 2016 02:06am EDT 

Inmarsat Plc : Successfully places $650 million convertible bond due 2023 and repurchases of all of outstanding convertible bonds due 2017 for consideration of approximately $390 million . Represents an additional $50 million over announced deal size reflecting considerable demand for new bonds. .Remaining proceeds will further strengthen inmarsat's financial position.  Full Article

Inmarsat offers new convertible bond of up to $600 mln due 2023
Wednesday, 31 Aug 2016 04:07am EDT 

Inmarsat Plc : New convertible bond offering of up to $600 million due 2023 and repurchase of outstanding $287.7 million convertible bonds due 2017 . Announces launch of an offering of c.$550 million convertible bonds due with an increase option of up to $50 million . Net proceeds of issue of new bonds will be used primarily to fund repurchase of outstanding 1.75 pct $287.7 million convertible bonds due 2017 . New bonds expected initial conversion price at a premium of 30-35 pct to volume weighted average price of an ordinary share on lse between launch and market closing on Aug 31 . Credit Suisse and JP Morgan Cazenove are joint bookrunners .Currently intends to launch a further benchmark offering in debt capital markets this year.  Full Article

Inmarsat retruns to growth in Q2 with 6 pct revenue rise
Thursday, 4 Aug 2016 02:00am EDT 

Inmarsat Plc : Interim dividend 0.2059 usdper share . Q2 revenue rose 6.1 percent to 330.4 million usd . Inmarsat returned to growth in q2, more than compensating for a soft q1. . Outlook for our markets and company has become much more difficult to forecast . Re-Iterate our current guidance of: . 2016 revenues (ex ligado networks income) of $1,175m to $1,250m. 2018 revenues (ex ligado networks income) of $1,450m to $1,600m . Net debt to be normally maintained at less than 3.5x ebitda. . Q2 total revenues up $19.0m (+6.1%) at $330.4m (q2 2015: $311.4m) . Profit after tax up $22.6m (+41.7%) at $76.8m (q2 2015: $54.2m) .Q2 underlying ebitda rose 21.9 percent to 202.2 million usd.  Full Article

Inmarsat says no intention to make an offer for Avanti
Monday, 1 Aug 2016 02:00am EDT 

Inmarsat Plc : No intention to make an offer for avanti .Confirms it has withdrawn from avanti's announced process and it is not considering an offer for shares of avanti.  Full Article

Inmarsat says Airbus selects co's service for cockpit communicatio solution for 2 model range
Thursday, 30 Jun 2016 05:00am EDT 

Inmarsat Plc : Inmarsat’s swiftbroadband-safety (sb-s) service has been selected by Airbus as a cockpit communications solution for its A320 and A330 aircraft families Further company coverage: [ISA.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Inmarsat, Marlink sign 5-year deal on Fleet Xpress
Friday, 10 Jun 2016 08:00am EDT 

Inmarsat Plc : Marlink and Inmarsat enter strategic alliance for fleet Xpress broadband services .Marlink will bring more than two thousand vessels to Inmarsat's new Fleet Xpress service over a five-year period..  Full Article

Inmarsat plc recommends final dividend
Thursday, 5 May 2016 02:00am EDT 

Inmarsat plc:Recommends final dividend of 31.78 cents per ordinary share in respect of year ended Dec. 31, 2015, to be paid on May 27, 2016 to ordinary shareholders, on register at close of business on May 13, 2016.  Full Article

Inmarsat PLC recommends final dividend
Thursday, 3 Mar 2016 02:00am EST 

Inmarsat PLC:Recommends shareholders that a final dividend of 31.78 cents per share in respect of the year ended Dec. 31, 2015 (2014: 30.26 cents), be paid on May 27, 2016 to ordinary shareholders on register of members at close of business on May 13, 2016.  Full Article

Inmarsat Plc says Third Global Xpress satellite launch confirmation
Tuesday, 1 Sep 2015 02:01am EDT 

Inmarsat Plc:Says has confirmed the successful launch of its third satellite in the transformational Global Xpress (GX) constellation.  Full Article

Inmarsat PLC gives FY 2015 revenue guidance
Thursday, 6 Aug 2015 02:00am EDT 

Inmarsat PLC:Sees FY 2015 group revenue to be in the range $1,250 mln to $1,300 mln.Says the guidance includes revenue of $70 million expected to be received from LightSquared during the full year, and reflects the lower GX revenue expected in the second half due to the recent delay in GX global commercial service introduction.  Full Article

UPDATE 1-Demand for airline wifi helps Inmarsat grow in Q3

* Shares up 11 pct (Adds CEO comments, analyst reaction, shares)