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Inmarsat agrees to $3.4 bn takeover from consortium
by Staff Writers
London (AFP) March 25, 2019

British satellite operator Inmarsat on Monday agreed to a $3.4 billion cash takeover from a consortium of investment funds.

The bid for the London-listed telecommunications group was pitched at $7.21 per share, consortium bid-vehicle Triton Bidco said in a statement.

"Triton Bidco believes that the satellite sector is attractive," said a statement from the consortium, which comprises private equity groups Apax and Warburg Pincus, as well as Canadian pension funds CPPIB and OTPP.

"Triton Bidco believes that integrated satellite operators with scale like Inmarsat are well positioned as network provision becomes more complex."

The consortium also saw "considerable potential for Inmarsat's in-flight connectivity business in commercial aviation", it added.

Inmarsat provides satellite services for high-speed transmission of data by telephone, email, video and the internet to government agencies and global corporations.

The company rose to prominence in 2014 after its raw data was used in the unsuccessful search for missing Malaysia Airlines Flight MH370.

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INMARSAT

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SPACEMART
OneWeb starts to mass-produce satellites in Florida
Merritt Island, FL (UPI) Mar 21, 2019
In the shiny white laboratory that is OneWeb Satellites' new Florida manufacturing plant, a historic first happened this week: The first few mass-produced satellites ever to be built in Florida started coming together. Workers in lab coats and hairnets pushed solar panels into cabinets where bright lights checked for fractures. Satellite frames covered in gold-colored film, about the size of a washing machine, neared the final radio-frequency test chambers. "There are about 40 people working here ... read more

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