Holders of nearly 79 percent of shares at Inmarsat approved Friday a $3.4B takeover offer from a consortium of private equity firms and two Canada-based pension funds, Reuters reported Friday. The vote came after the U.K.-based satellite telecommunications firm’s board backed the $7.21 per share cash bid from Apax Partners, Warburg …

Global satellite communications firm Inmarsat has received a $3.4B takeover offer from a consortium of private equity firms and Canada-based pension funds, Bloomberg reported Monday. Apax Partners, Warburg Pincus, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board made a $7.21-per-share bid for Inmarsat through a joint venture owned in …

TYSONS CORNER, VA, January 4, 2018 — Rebecca Cowen-Hirsch, senior vice president for government strategy and policy at Inmarsat Government, has said the government needs a defined strategy and funding for the acquisition, operations and maintenance of commercial satellite communications capabilities, ExecutiveBiz reported Dec. 13. Space News reported Dec. 12 …

TYSONS CORNER, VA, July 16, 2018 — An Inmarsat Government L-band satellite communications system has helped General Atomics’ aeronautical systems division control an MQ-9B SkyGuardian remotely piloted aircraft on its first flight across the Atlantic, ExecutiveBiz reported Friday. The SwiftBroadband system, which uses the I-4 satellite network to provide worldwide connectivity, was used in …

TYSONS CORNER, VA, July 9, 2018 — Rebecca Cowen-Hirsch, senior vice president of government strategy and policy for Inmarsat Government, has noted that terminals are a key element in the findings of the Defense Department‘s analysis of alternatives on wideband satellite communications, ExecutiveBiz reported June 29. Space News reported June …

Colorado-based EchoStar (Nasdaq: SATS) called on Inmarsat to initiate discussions with shareholders about its $3.2 billion takeover offer and that it would pursue the bid if given a deadline extension, Reuters reported Friday. EchoStar has until Friday, July 6, to decide whether to present a firm offer for Inmarsat or drop the …

TYSONS CORNER, VA, July 3, 2018 — Rebecca Cowen-Hirsch, senior vice president of government strategy and policy for Inmarsat Government, has urged the administration to support appropriations focused on an integrated satellite communications infrastructure that utilizes commercial technologies in line with national security goals, ExecutiveBiz reported Wednesday. Cowen-Hirsch wrote in …

Colorado-based EchoStar (Nasdaq: SATS) disclosed in a stock exchange filing that it has secured a 3 percent equity stake in U.K.-based Inmarsat valued at approximately $108.9 million and a 10.4 percent position in the latter’s convertible bonds worth $67.4 million, Reuters reported Friday. EchoStar needs to decide by July 6 whether …

Inmarsat has declined to accept Colorado-based EchoStar’s (Nasdaq: SATS) takeover bid, saying the offer “undervalued” the U.K.-based satellite communications provider, Reuters reported Saturday. “After carefully considering the proposal with its advisers the board rejected the proposal on the basis that it very significantly undervalued Inmarsat and its standalone prospects,” Inmarsat …

TYSONS CORNER, VA, June 8, 2018 — Inmarsat has signed an agreement with the space agency of Greece to collaborate on technology research and development as well as information-sharing efforts, ExecutiveBiz reported Thursday. The company said Wednesday its partnership with the Hellenic Space Agency covers the development of technologies for …