Inmarsat accepts US$3.4 billion bid from Apax-led consortium

Satellite operator Inmarsat has accepted a $3.4 billion bid from a private equity consortium that includes Apax Partners and Warburg Pincus among its backers. The company’s shareholders now have until May 2019 to decide whether to accept the deal, so there is still a chance that counter-offers will emerge in that time. The sale of […]

EchoStar drops Inmarsat bid after £3.2bn offer is rejected

US satellite company EchoStar dropped plans to take over Inmarsat after the UK-based satellite rival rejected a £3.2 billion (€3.6 billion) bid. In a statement issued on Friday, EchoStar said that it does not now intend to make an offer for Inmarsat after the company turned down its 532 pence per-share offer for the entire […]

Eutelsat rules out Inmarsat bid

Eutelsat has ruled out making an offer for Inmarsat, just a day after it confirmed it was evaluating a possible bid for the rival satellite operator. In a statement issued today, Eutelsat said that it does not intend to make an offer for Inmarsat– a decision that will hold for six months as per rules […]

Hellas Sat 3 successfully launched

Hellas Sat 3 has been lofted into space on an Ariane 5 launcher from French Guiana. Arabsat-owned Hellas Sat’s satellite is the second from the operator to be orbited by Arianespace. It will expand the company’s business reach by providing DTH broadcast and telecommunications services, as well as the distribution of high-definition and ultra-high definition […]

Inmarsat appoints Rolls-Royce exec as COO

Satellite operator Inmarsat has appointed Rolls-Royce executive Jason Smith to the role of chief operations officer (COO). Smith replaces Ruy Pinto, who is leaving after a long career at the company to pursue new interests, according to Inmarsat. He joins from Rolls-Royce where he was most recently president of the group’s nuclear business. Before that he […]

Satellite operators set to rebound, says Moody’s

Satellite operators should return to growth this year, boosting their creditworthiness, according to a report by credit ratings agency Moody’s. Moody’s expects aggregate organic revenue growth of 3% at constant currency for major satellite players Eutelsat, SES and Inmarsat. It also expects a higher growth rate for emerging markets broadband specialist Avanti Communications Group. The […]

Arabsat-owned Hellas-sat to launch joint satellite with Inmarsat

Hellas-sat, a majority owned subsidiary of Arabsat, has signed an agreement with Inmarsat to launch a joint satellite at 39° East. The satellite, which is due to be launched in 2016 will run two missions: to replace the existing Hellas-sat 2 satellite; and to offer aviation passenger connectivity services across Europe. Hellas-sat 2 will be […]