Inmarsat unveils major new IoT service for the shipping industry

Press Release - 4 September 2018: Inmarsat today unveils Fleet Data, a new Internet of Things (IoT) service, which will enable ship owners and managers to access and analyse real-time onboard data more efficiently, and as a result will help accelerate the adoption of IoT across the maritime industry. Developed in partnership with Danelec Marine, Fleet Data will record … [Read more...]

Inmarsat Slumps After Rejecting $4.2 Billion Offer From EchoStar

By Thomas Seal (Bloomberg) -- Billionaire Charlie Ergen’s EchoStar Corp. made its 3.2 billion pound ($4.2 billion) proposal to buy Inmarsat Plc public in an appeal to investors on Friday, with hours to go before a deadline for a formal bid. EchoStar said its second, improved cash and stock offer for Inmarsat was rebuffed by the British satellite company’s board on … [Read more...]

EchoStar’s Pursuit of Inmarsat Gets a Boost After France’s Eutelsat Backs Out

By Thomas Seal and Angelina Rascouet (Bloomberg) -- France’s Eutelsat Communications SA said it won’t make a takeover offer for Inmarsat Plc, a sudden reversal that strengthens EchoStar Corp.’s hand in its pursuit of the British satellite operator. Eutelsat had said on Monday it might bid for Inmarsat, confirming a report by Bloomberg News. The change of heart means that, … [Read more...]

EchoStar Considering Raising Offer for Inmarsat -Source

By Dinesh Nair, Manuel Baigorri and Scott Moritz (Bloomberg) -- EchoStar Corp. is considering raising its offer for rival Inmarsat Plc after its initial approach for the British satellite company was rejected as being too low, according to people familiar with the matter. EchoStar, founded by billionaire Charlie Ergen, is discussing financing for an improved offer in the … [Read more...]

Inmarsat Soars After Satellite Company Rejects EchoStar Bid

By Kim Robert McLaughlin (Bloomberg) -- Inmarsat Plc rose as much as 12 percent after the British satellite company last week said it had rebuffed a takeover proposal from EchoStar Corp. A “highly preliminary” offer was turned down by the board after discussions with its advisers, Inmarsat said in a statement on Friday. “It very significantly undervalued Inmarsat and its … [Read more...]