CMA provisionally clears Viasat, Inmarsat merger
1st Mar 2023 12:26
(Sharecast News) - The UK's Competition and Markets Authority has provisionally cleared US satellite company Viasat's £5.4bn takeover of UK rival Inmarsat following an in-depth review.
Read moreViasat acquisition of Inmarsat heading to full CMA inquiry
14th Oct 2022 12:05
(Sharecast News) - The competition regulator has decided to refer the planned acquisition of Inmarsat by Viasat to a full-scale inquiry, it announced on Friday.
Read moreCMA to review Viasat takeover of Inmarsat
25th Jul 2022 12:25
(Sharecast News) - The UK's Competition and Markets Authority said on Monday that it has launched an investigation into Viasat's £6bn takeover of Inmarsat.
Read moreViasat to buy UK's Inmarsat in $7.3bn deal
8th Nov 2021 11:59
(Sharecast News) - California-based Viasat has agreed to buy British mobile satellite communications group Inmarsat in a $7.3bn deal.
Read moreHedge funds drop objections to Inmarsat takeover
3rd Dec 2019 08:48
(Sharecast News) - Inmarsat shareholders contesting a $3.4bn takeover of the satellite firm by private investors have dropped their objections ahead of a court hearing on Tuesday, the company said.
Read moreInmarsat profit slumps as Ligado payments paused
20th Nov 2019 09:58
(Sharecast News) - Pre-tax profits at satellite operator Inmarsat slumped in the third quarter as revenue was hit by a pause in payments from US communications company Ligado Networks.
Read moreInmarsat rejects call to halt takeover proceedings
5th Nov 2019 13:57
(Sharecast News) - British satellite maker Inmarsat has rejected a call from one its biggest shareholders to delay its $3.4bn takeover.
Read moreInmarsat loses UK tax deduction case
4th Sep 2019 11:17
(Sharecast News) - Telecommunication company Inmarsat has lost a ruling over tax deductions it booked in the mid-1990s for the launch costs of some of its satellites.
Read moreInmarsat to receive $50.75m settlement from RigNet
24th Jun 2019 13:21
(Sharecast News) - Inmarsat confirmed on Monday that it has agreed a final settlement with RigNet of all claims in respect of the arbitration case at the International Centre for Dispute Resolution relating to its GX take-or-pay contract.
Read moreInmarsat partners with Airbus for massive GX network upgrade
30th May 2019 07:18
(Sharecast News) - Satellite communications giant Inmarsat announced on Thursday that Airbus Defence & Space has been selected as its satellite manufacturing partner, as part of what it called a "ground-breaking" development of its 'Global Xpress' (GX) network.
Read moreInmarsat swings to loss, cites takeover costs
1st May 2019 07:44
(Sharecast News) - Satellite telecommunications company Inmarsat posted a 12.9% drop in first-quarter earnings on Wednesday and said it swung to a pre-tax loss, but reiterated its future guidance.
Read moreInmarsat agrees take-private offer from Apax consortium
25th Mar 2019 08:21
(Sharecast News) - A consortium of funds led by Apax Partners has made a $3.4bn (£2.6bn) offer to take satellite communications provider Inmarsat private.
Read moreFTSE 250 movers: Renishaw rocked, Hunting gushes higher
21st Mar 2019 15:10
(Sharecast News) - London's FTSE 250 was 0.42% lower at 19,306.99 in afternoon trading on Thursday, as Renishaw led the index lower.
Read moreInmarsat takes off after confirming private equity talks
20th Mar 2019 07:48
(Sharecast News) - Satellite communications group Inmarsat confirmed on Tuesday evening that it was in talks with a consortium of private equity companies after receiving a $3.3bn proposal to buy the company out in January.
Read moreMonday broker round-up
18th Mar 2019 13:37
(Sharecast News) - IWG: RBC Capital Markets upgrades to sector perform with a target price of 260p.
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