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[Satellite TODAY 11-24-09] Inmarsat has acquired government and military Internet protocol managed solutions and services provider, Segovia, along with the company’s assets, Inmarsat announced Nov. 23.
Inmarsat will initially pay $110 million with cash on hand and has structured the deal to possibly pay additional amounts depending on Segovia’s future performance over the next three years. Segovia executive management will operate Segovia as a separate business reporting to Stratos CEO and President Jim Parm. Stratos is Inmarsat’s direct distribution business.
With Segovia’s secure global communications infrastructure and its highly qualified and security cleared staff, we will further strengthen our relationships with key government customers across land, maritime and aeronautical environments, and bring enhanced services to the government sector generally," said Inmarsat CEO Andrew Sukawaty, in a statement.
The transaction is expected to close in early 2010.
U.S. Coast Guard Deploys KVH Services on Cutter Fleet Satellite Today November 18, 2009
[Satellite TODAY 11-18-09] The U.S. Coast Guard is in the process of deploying TracPhone V7 and mini-VSAT broadband services from KVH Industries on its 110- and 225-foot cutters, KVH announced Nov. 17.
Stratos FleetBroadband Deployed on MPC Steamship Fleet Satellite Today November 12, 2009
[Satellite TODAY 11-11-09] Stratos Global Corp. has deployed the Inmarsat FleetBroadband mobile broadband satellite service for MPC Steamship, a commercial shipping company managing 17 container vessels and bulk carriers, Stratos announced Nov…
Inmarsat Reports Strong Third Quarter, Sukawaty Extends Term as CEO � Satellite Today November 12, 2009
Inmarsat achieved growth in all of its mobile satellite services markets in the 2009 third quarter, which generated an 8.7 percent revenue increase over 2008 at $176.7 million, the company announced in its financial results, released Nov. 9.
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