[Satellite Today 04-03-09] Inmarsat has acquired a 19 percent stake in the Canadian-based SkyWave Mobile Communications, Inmarsat announced April 2.
    The investment includes a long-term global distribution agreement and new product development agreement with SkyWave Mobile as Inmarsat aims to increase its presence in the satellite low-data rate products and services market in Canada.
    Concurrent with this investment, SkyWave will acquire assets relating to the GlobalWave satellite low data rate products and services business from TransCore and will enter into a sales distribution relationship with TransCore focusing on the North American trucking and rail segments of the market, designed to leverage TransCore’s presence in those segments.
    Financial details of the acquisition were not disclosed.