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Sep. 27, 2013, 9:55 AM
- Inmarsat (IMASF.PK) CFO Rick Medlock is stepping down, completing a management transition that began with the appointment of Rupert Pearce as CEO in 2012. He will pursue a P-E opportunity.
- The satellite operator has suffered a fall in revenue due to troop withdrawals in Afghanistan, but the stock has climbed 78% since the shuffle began at the start of 2012.
Jun. 17, 2013, 1:52 AMKKR (KKR), Blackstone (BX), Carlyle (CG) and prospective strategic buyers such as U.K.-based Inmarsat (IMASF.PK) and Australia's NewSat (NWTLD.OB) are among the suitors to have reportedly placed first-round bids for the satellite operations of Singapore Telecoms' Australian unit, Optus, which SingTel values at over A$2B ($1.9B). SingTel advisers Credit Suisse (CS) and Morgan Stanley (MS) will provide a loan of A$1.7B that the acquirers can use to finance the deal. | Comment!
Oct. 30, 2012, 8:57 AMHoneywell (HON) wins an $800M contract to provide equipment for Cessna's (TXT) Citation Latitude and Longitude aircraft, including navigation and communications systems. Honeywell has also been chosen to be the exclusive reseller of Inmarsat's Global Xpress Ka-band aircraft connectivity services and hardware for business jets, which enable in-flight wireless broadband. | Comment!
Oct. 8, 2012, 7:39 AMInmarsat (IMASF.PK) says it's signed a long-term alliance with Cisco Systems (CSCO) that will enable its Global Xpress high-throughput satellite broadband network - including Cisco's building and operating the network and developing a router for it before transferring control to Inmarsat. | Comment!
Apr. 18, 2012, 4:45 AMHoneywell (HON) is expected to announce today that it will provide satellite-operator Inmarsat (IMASF.PK) with equipment for Internet connections on airplanes in a 20-year agreement that could bring Honeywell $2.8B in new revenue. The companies hope to benefit from an expected rapid increase in in-flight Internet services. | Comment!
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Inmarsat has been at the forefront of mobile satellite services for over 31 years. We are recognised leaders in our field and we continue to introduce new technologies that redefine the standard for our industry.
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