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Report: Inmarsat Shareholders OK $3.4B Takeover Offer From Private Equity Firms, Pension Funds

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 …

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Report: Inmarsat Gets $3.4B Takeover Bid From Private Equity Firms, Pension Funds

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 …

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Inmarsat’s Rebecca Cowen-Hirsch Calls for Clear Gov’t Strategy, Funds for Commercial Satcom Procurement

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 …

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Inmarsat Provides Satcom Connectivity for General Atomics RPA Trans-Atlantic Flight Test

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 …

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Inmarsat Government’s Rebecca Cowen-Hirsch: Terminals a Key Area for DoD Wideband Satcom Opportunities

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 …

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Report: EchoStar Calls for Talks With Inmarsat Board Over $3.2B Takeover Offer

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 …

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Inmarsat Government’s Rebecca Cowen-Hirsch: Funding, Leadership Support Needed to Leverage Comsatcom for National Security

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 …

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Report: EchoStar Reveals 3% Equity Stake in Inmarsat

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 …

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Reports: Inmarsat Turns Down EchoStar’s Takeover Offer

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 …

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Inmarsat to Collaborate With Greek Space Agency for Technology R&D

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 …

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