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Inmarsat PLC (ISA.L)

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Latest Key Developments (Source: Significant Developments)

Inmarsat says Avianca adopts GX Aviation for wifi services
Thursday, 22 Jun 2017 02:00am EDT 

June 22 (Reuters) - Inmarsat Plc ::Avianca adopts GX Aviation for passenger wifi services.GX Aviation will initially be made available to passengers on approximately 125 Avianca Airbus a320, a330 and Boeing 787 aircraft.Contract is for a period of 10 years.Value of contract has not been disclosed.  Full Article

Inmarsat awards new GX satellite contract to Thales Alenia Space
Friday, 2 Jun 2017 02:00am EDT 

June 2 (Reuters) - Inmarsat Plc :Inmarsat plc - inmarsat additional gx satellite contract.Awards contract for additional gx satellite to thales alenia space.Value of contract to construct satellite will be approximately $130 million over three years 2017 to 2019.Contract award will operate within company's existing capital expenditure guidance for 2017 and 2018.  Full Article

Inmarsat commits over 1,500 vessels to Fleet Xpress
Tuesday, 14 Feb 2017 02:19am EST 

Inmarsat Plc :Satlink satellite communications commits over 1,500 vessels to fleet xpress.  Full Article

Addvalue Technologies and Inmarsat sign MOU
Thursday, 2 Feb 2017 05:39am EST 

Addvalue Technologies Ltd : Addvalue and Inmarsat sign Mou to provide on-demand communications links .Inmarsat and addvalue expect to finalise a full agreement shortly.  Full Article

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

BRIEF-Thales, Inmarsat announce successful conclusion of tests on Thales' System 21 product

* Thales and Inmarsat successfully conclude tests demonstrating resilient communications using System 21 modem over Global Xpress high-capacity steerable antennas