Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide.
Industry: Mobile Telecommunications
LSE Main Market
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Colin Williams 19 Mar 2019, 19:36
$ISAT The consortium offered $7.21 (543 pence) per share on Jan. 31 and the proposal remains under discussion, Inmarsat said in a statement. Inmarsat’s shares closed on Tuesday at 437.8 pence. www.reuters.com/article/u...CN1R02H4 It was a good company, hope these leading PE firms will turn it around!
Colin Williams 19 Mar 2019, 19:35
$ISAT Inmarsat has received a cash takeover offer from Apax Partners, Warburg Pincus International and Canada Pension Plan Investment Board, the British satellite company said on Tuesday, valuing the business at about $3.3 billion.
Robert Sheridan 19 Mar 2019, 18:55
$ISAT got a bid from Warburg Pincus, Apax and CPPIB #bullish
Stephen Dixon 19 May 2015, 16:04
$ISAT Inmarsat delays satellite launch after Russian rocket failure. Inmarsat said the delay would cause a small reduction in 2015 revenue and earnings. It withdrew its guidance for 8% to 12% compound annual growth in mobile satellite revenue from 2014 to 2016 but said it expected to hit a five-year target of $500m (£318m) extra revenue from Global Xpress. #bearishwww.theguardian.com/busin...-failure
#buy this will expand the revenue and bring shares to 900-950 at least, if they successfully launch the 2nd satellite later this year, Inmarsat share will go to 1100-1200
Inmarsat stock price chart
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company primarily operates through Inmarsat Global and Inmarsat Solutions segments. The Inmarsat Global segment is principally involved in the supply of wholesale airtime, equipment, and services to distribution partners and other wholesale partners of mobile satellite communications. The segment also offers technical support to other operators, provides conference facilities, and leases surplus office space to external organizations. The Inmarsat Solutions segment supplies advanced mobile and fixed-site remote telecommunications services; and provides customized turnkey remote telecommunications solutions, value-added services, equipment, and engineering services to service providers and end-users. The company's services include voice and data broadband services; mobile and fixed voice services; machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; global maritime distress and safety system; Global Xpress, which offer high-speed broadband up to 50Mbps and worldwide coverage from a single operator; and VSAT and TVRO maritime satellite services. Its services are accessed using various devices, including hand-portable satellite phones and remote site fixed installations, as well as vessel, vehicular, and airborne mobile terminals. The company serves governments, airlines, the broadcast media, the oil and gas industry, mining, construction, and humanitarian aid agencies. Inmarsat plc has a strategic partnership with RigNet, Inc. to offer Global Xpress and L-band services to the energy sector. The company was founded in 1979 and is headquartered in London, the United Kingdom.