FCC Approves Stratos License Transfer to Inmarsat
[Satellite Today 01-20-09] The U.S. Federal Communications Commission (FCC) issued an order approving the transfer of Stratos Global’s FCC licenses to Inmarsat, the operator announced Jan. 19.
In December, Inmarsat announced that its subsidiary, Inmarsat Finance 3, a call option over the Stratos shares, which are held in an irrevocable trust.
The call option can be exercised no earlier than April 15. The exercise of the call option remains subject to certain other governmental approvals, which are expected to be obtained before April. 15, Inmarsat said.