Tag Archives: inmarsat

A consortium led by private-equity firms Warburg Pincus and Apax Partners is close to finalizing the purchase of global satellite communications company Inmarsat for approximately $3.4B after U.K. regulators found that the deal would not hurt competition or impact national security, Bloomberg reported Wednesday.

The Committee on Foreign Investment in the U.S. has finalized its review of the proposed takeover offer for satellite communications firm Inmarsat by Bidco, an entity owned by a consortium of private equity firms and two Canada-based pension funds.

A consortium of private equity firms and Canada-based pension funds seeking to acquire Inmarsat agreed to a number of legally binding commitments with the U.K. government to maintain the satellite communications firm’s operations in the U.K., Reuters reported Thursday.

Inmarsat's government business has won a potential five-year, $246M blanket purchase agreement to provide the Defense Information Systems Agency with satellite communication services. The BPA contains a one-year base period that runs through June 18 of next year, followed by four option years, the Department of Defense said Tuesday.

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 …

Gary Gagnon, former vice president and chief security officer at Amazon (Nasdaq: AMZN), has rejoined Mitre as VP of cyber strategy and CSO. He will be responsible for developing and implementing cyber and physical security measures across the nonprofit corporation’s work program, Mitre said Monday. Jason Providakes, president and CEO of Mitre and a 2018 …

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 12, 2018 — General Atomics has flown an MQ-9B SkyGuardian variant of its Predator B remotely piloted aircraft from North Dakota in the U.S. to Gloucestershire in the U.K. ahead of the platform’s presentation at the 2018 Royal International Air Tattoo airshow over the weekend, ExecutiveBiz reported Wednesday. The company …