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Inmarsat PLC (ISA.L)

ISA.L on London Stock Exchange

545.80GBp
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Latest Key Developments (Source: Significant Developments)

Inmarsat Says Scheme, Special Resolutions To Consider Connect Bidco Deal Approved
Friday, 10 May 2019 

May 10 (Reuters) - Inmarsat PLC ::INMARSAT PLC - SCHEME AND SPECIAL RESOLUTIONS TO CONSIDER CONNECT BIDCO DEAL WERE APPROVED BY REQUISITE MAJORITIES.  Full Article

Bidco Inmarsat satifies U.S. Merger Control Condition
Friday, 3 May 2019 

May 3 (Reuters) - Inmarsat PLC ::CONNECT BIDCO LTD INMARSAT PLC - SATISFACTION OF US MERGER CONTROL CONDITION.CONNECT BIDCO LIMITED - US FEDERAL TRADE COMMISSION HAS GRANTED EARLY TERMINATION OF APPLICABLE WAITING PERIOD.INMARSAT AND BIDCO ARE PLEASED TO ANNOUNCE THAT US FEDERAL TRADE COMMISSION HAS GRANTED EARLY TERMINATION OF APPLICABLE WAITING PERIOD UNDER HART-SCOTT-RODINO ANTITRUST IMPROVEMENTS ACT OF 1976 .COMPLETION OF ACQUISITION REMAINS SUBJECT TO SATISFACTION ORWAIVER OF REMAINING CONDITIONS TO ACQUISITION, INCLUDING SHAREHOLDERS' APPROVALS AT COURT MEETING AND INMARSAT GENERAL MEETING AND SANCTION OF SCHEME BY COURT.  Full Article

Inmarsat Q1 EBITDA Falls 12.9 Pct
Wednesday, 1 May 2019 

May 1 (Reuters) - Inmarsat PLC ::INMARSAT PLC - 1ST QUARTER RESULTS.INMARSAT PLC - Q1 GROUP REVENUE INCREASED BY $1.5M, OR 0.4% TO $346.9M.INMARSAT PLC - EXCLUDING LIGADO, GROUP REVENUE INCREASED BY $33.4M, OR 10.7% TO $346.7M IN Q1.INMARSAT PLC - 1ST QUARTER EBITDA DECREASED BY $22.5M, OR 12.9%, TO $152.4M..INMARSAT PLC - REITERATES GUIDANCE WHICH IS UNCHANGED FROM MARCH 2019.  Full Article

A Consortium Comprising Centerbridge, Cerberus And Fortress Abandoned 3 bln stg Plans To Bid For Inmarsat Last Week - Sky News
Friday, 26 Apr 2019 

April 26 (Reuters) - :A CONSORTIUM COMPRISING CENTERBRIDGE, CERBERUS AND FORTRESS ABANDONED PLANS TO BID FOR INMARSAT LAST WEEK - SKY NEWS.  Full Article

Capital Group Companies Cuts Stake To 4.0961 Pct From 9.9881 Pct In Inmarsat - Filing
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Inmarsat PLC ::CAPITAL GROUP COMPANIES, INC. CUTS STAKE TO 4.0961 PERCENT FROM 9.9881 PERCENT IN INMARSAT PLC - FILING.  Full Article

Inmarsat Reaches Deal On Cash Offer With Consortium
Monday, 25 Mar 2019 

March 25 (Reuters) - Inmarsat PLC ::RECOMMENDED CASH OFFER FOR INMARSAT PLC.CASH VALUE VALUES ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF INMARSAT AT APPROXIMATELY $3.4 BILLION.CO & TRITON BIDCO REACHED AGREEMENT OF A RECOMMENDED CASH OFFER BY TRITON BIDCO TO BUY ENTIRE ISSUED & TO BE ISSUED SHARE CAPITAL OF CO.TRITON BIDCO IS A JV INVOLVING APAX, WARBURG PINCUS, CPPIB, ONTARIO TEACHERS' PENSION PLAN BOARD.INMARSAT SHAREHOLDERS WHO ARE ENTITLED TO RECEIVE FINAL DIVIDEND WILL BE ENTITLED TO RECEIVE: $7.21 IN CASH PER INMARSAT SHARE.CO'S SHAREHOLDERS WHO ARE NOT ENTITLED TO GET FINAL DIVIDEND TO GET CASH CONSIDERATION UNDER ACQUISITION IN RESPECT OF THEIR INMARSAT SHARE.INMARSAT DIRECTORS CONSIDER TERMS OF ACQUISITION TO BE FAIR AND REASONABLE.ACQUISITION IS EXPECTED TO BECOME EFFECTIVE DURING Q4 OF 2019.INMARSAT DIRECTORS INTEND TO UNANIMOUSLY RECOMMEND THAT SCHEME SHAREHOLDERS VOTE OR PROCURE VOTES IN FAVOUR OF SCHEME AT COURT MEETING.TRITON BIDCO RECEIVED IRREVOCABLE UNDERTAKING IN RESPECT OF 52.9 MILLION INMARSAT SHARES TO VOTE IN FAVOUR OF SCHEME AT COURT MEETING.FOLLOWING COMPLETION OF TRANSACTION, WE INTEND TO MAINTAIN INMARSAT'S UK HEADQUARTERS.  Full Article

Orbit Communication Systems, Inmarsat Government Announce Airborne Satcom Terminal Agreement
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Inmarsat PLC ::ORBIT COMMUNICATION SYSTEMS AND INMARSAT GOVERNMENT ANNOUNCE AIRBORNE SATCOM TERMINAL AGREEMENT.  Full Article

Inmarsat Says Co Received Proposal From Apax Partners, Warburg Pincus, Canada Pension Plan Investment
Wednesday, 20 Mar 2019 

March 19 (Reuters) - Inmarsat PLC ::INMARSAT PLC - STATEMENT RE POSSIBLE OFFER FOR INMARSAT.BOARD CONFIRMS THAT ON 31 JANUARY IT RECEIVED NON-BINDING PROPOSAL FROM APAX PARTNERS, WARBURG PINCUS, CANADA PENSION PLAN INVESTMENT.RECEIVED NON-BINDING PROPOSAL REGARDING POSSIBLE CASH OFFER OF $7.21 PER INMARSAT SHARE FOR ENTIRE ISSUED, TO BE ISSUED, SHARE CAPITAL OF CO.INMARSAT PLC SAYS THE PROPOSAL ASSUMED NO FURTHER DIVIDENDS WOULD BE PAID BY INMARSAT FOLLOWING DATE OF PROPOSAL.INMARSAT PLC SAYS THE PROPOSAL REMAINS UNDER DISCUSSION BETWEEN THE COMPANY AND CONSORTIUM..  Full Article

Inmarsat Sees Double Digit Revenue, EBITDA Growth, Improved Margins For FY
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Inmarsat PLC ::Q3 EBITDA 173.6 MILLION USD.Q3 REVENUE 336.4 MILLION USD.3RD QUARTER RESULTS.IMPROVED MARGIN OUTLOOK FOR FY 2018.MEDIUM TERM GUIDANCE FOR GROUP UNCHANGED.REMAINS CONFIDENT ABOUT FUTURE PROSPECTS FOR GROUP.TARGET OF MID-SINGLE DIGIT PERCENTAGE REVENUE GROWTH ON AVERAGE OVER NEXT FIVE YEARS.CAPEX OF $500M TO $600M PER ANNUM FOR 2018 TO 2020.CAPEX IS EXPECTED TO MEANINGFULLY MODERATE AFTER 2020 REFLECTING COMPLETION OF I-6 SATELLITE PROGRAMME AND IMPACT OF NEW TECHNOLOGIES.OPERATING PROFIT FOR QUARTER ENDED 30 SEPTEMBER 2018 DECREASED BY $2.0M TO $84.9M.UPDATED 2018 GUIDANCE REVENUE AND EBITDA FOR FY 2018 (EX LIGADO) EXPECTED TO BE AT LEAST IN LINE WITH CURRENT MARKET CONSENSUS.DOUBLE DIGIT REVENUE AND EBITDA GROWTH, WITH AN IMPROVED MARGIN OUTLOOK FOR FY 2018.QTRLY GROUP REVENUE (EX LIGADO) INCREASED BY $12.6M, OR 3.9%, TO $336.4M.QTRLY TOTAL REVENUE $369.3 MILLION VERSUS $356.2 MILLION.  Full Article

Inmarsat, Panasonic Avionics Enter Into Collaboration For Commercial Aviation
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Inmarsat PLC ::INMARSAT PLC - INMARSAT AND PANASONIC AVIONICS ENTER INTO LANDMARK STRATEGIC COLLABORATION FOR COMMERCIAL AVIATION.INMARSAT PLC - UNDER TERMS OF AGREEMENT, INMARSAT WILL BECOME PANASONIC'S EXCLUSIVE PROVIDER OF KA-BAND IFC FOR COMMERCIAL AVIATION.  Full Article

Inmarsat shareholders back $3.4 billion takeover

LONDON Investors in Inmarsat voted on Friday to sell the British satellite firm to a private equity-led consortium for $3.4 billion following a recommendation from the company's board that the offer was fair and reasonable.