hlyeo98
- 28 May 2011 17:55
Galvan rated ISAT a buy at 695p on 11/2/2011 when Harbinger Capital Partners sold its remaining 14% stake in Inmarsat.
HARRYCAT
- 10 Jan 2013 10:45
- 23 of 112
Cheers Bb. Just wish I had spotted the rise earlier, but that's probably the way with most stocks!!!
HARRYCAT
- 21 Feb 2013 17:22
- 24 of 112
Date for release of preliminary full year 2012 results
Inmarsat plc announces that it will report consolidated preliminary full year 2012 results on 7 March 2013. Inmarsat management will host a presentation of the results on Thursday, 7 March at Inmarsat's offices, 99 City Road, London EC1Y 1AX. The presentation will begin at 9:30am London time, (EST 4:30am). A live webcast of the presentation will also be available through our website.
HARRYCAT
- 07 Mar 2013 08:06
- 25 of 112
StockMarketWire.com
Satellite communications specialist Inmarsat reported total revenue (excluding LightSquared) of $1.278bn for the year to end-December, up 6% on the prior year.
EBITDA (excluding LightSquared) $643m (2011: $662m).
Profit before tax $294m (2011: $367m).
Final dividend of 27.45 cents US$, up 10%.
Wholesale MSS revenues up 2.5%.
Wholesale maritime MSS revenues up 15%.
Total MSS active terminals up 14%.
Strong service take-up: FleetBroadband, XpressLink, IsatPhone Pro
Confidence in Global Xpress programme
Inmarsat Group Limited - Fourth Quarter Highlights
· Inmarsat Global MSS revenues $184m up 4% (2011: $178m)
· Inmarsat Solutions revenues $208m up 6% (2011: $196m)
· Total EBITDA (excluding LightSquared) $150m (2011: $154m)
Rupert Pearce, CEO, said, "We are making progress across a range of activities that strengthen our core franchise and bring us closer to addressing new markets with our Global Xpress services. We are pleased with the improved results from our core MSS business and we are confident in reiterating all of our existing revenue growth targets. At the same time, significant technical and commercial progress with our Global Xpress programme means we expect to begin network deployment in 2013 as planned."
HARRYCAT
- 02 May 2013 08:03
- 26 of 112
Inmarsat plc Interim Management Statement
London, UK: 2 May 2013. Inmarsat plc (LSE: ISAT.L), the leading provider of global mobile satellite communications services, today provided the following information for the three months ended 31 March 2013.
Inmarsat plc - Highlights
· Total revenue (excluding LightSquared) $310.8m up 2.4% (2012: $303.5m)
· Wholesale maritime MSS revenues up 8.7%
· Strong subscriber growth: FleetBroadband, XpressLink, IsatPhone Pro
· Total active terminals up 16%
· Global Xpress programme on track and budget
Inmarsat Group Limited - First Quarter Highlights
· Inmarsat Global MSS revenues $184.6m up 3.7% (2012: $178.0m)
· Inmarsat Solutions revenues $189.5m (2012: $190.8m)
· Total EBITDA (excluding LightSquared) $154.2m (2012: $157.7m)
Rupert Pearce, Inmarsat's Chief Executive Officer, said, "The improved results from our wholesale MSS business have continued in the first quarter, with positive performances across our business sectors. We have also maintained momentum in subscriber additions for new services. These results provide for continued confidence in our outlook for full year revenues at the wholesale level. Within our Inmarsat Solutions retail segment we have seen results in line with our expectations from three of our four business units. However, in our US Government business unit, we have seen a sudden and pronounced deterioration in both demand and profitability, in each case principally related to US budget cuts. This has led to further margin compression in the Solutions business in the first quarter and we expect the current adverse market conditions for our US Government retail activities to continue for the time being. We aim to substantially mitigate the impact of this changed environment by addressing the cost base for our US Government business unit and by implementing other cost controls across the group. Looking ahead, we are making rapid progress with Alphasat and our Global Xpress programme and our deployment plans remain firmly on track."
http://www.moneyam.com/action/news/showArticle?id=4587095
HARRYCAT
- 21 May 2013 12:43
- 27 of 112
Giles Thorne at Jefferies:
"The DISH / LightSquared news out over night is a material step forward in the LightSquared story but does not clearly crystallise any upside risk (or downside risk) to ISAT in our view. Inmarsat feel a high conviction read-across for the equity would be too speculative at this point. Notwithstanding, it is bound to introduce some short term volatility as the market wrestles with the implications for the LightSquared option value.
No clear steer yet on implications for Inmarsat. There will be a lot of speculation as to the read-across to Inmarsat from the overnight news. It is far from clear cut in our view. A bull case for Inmarsat would argue that if DISH was to purchase LightSquared’s spectrum, then the cooperation agreement would pass over to DISH and there would be a chance that payments to Inmarsat under the agreement would ultimately begin again (i.e. why would DISH be buying spectrum they felt they couldn’t use?). Equally, the bear case for Inmarsat would argue that if the DISH purchase proceeds either it buys just the spectrum and not the business (meaning the cooperation agreement won’t pass over, though admittedly this scenario feels less likely) or it shelves the cooperation agreement because it has enough spectrum from its recent purchases (Terrestar, potentially Clearwire) that they no longer need Inmarsat’s spectrum.
Recent progress with FCC. The DISH development follows news on 2 May that the FCC granted LightSquared authorisation to stage a three-month investigation into the technical feasibility of using the 1675MHz–1680MHz band for mobile broadband services on a shared basis with existing federal departments. This baby step forward in finding a way for LightSquared to bring its spectrum into use in a way that addresses the FCC’s concerns was a welcome glimmer of light.
Company view. Inmarsat management have gone out of their way since the cooperation agreement moratorium was put in place to lower expectations for future LightSquared payments and keep any potential upside out of the share price. We have spoken to the company this morning and they are unwilling / unable to strongly steer on what the implications are feeling that it is just too speculative at this point."
HARRYCAT
- 19 Jul 2013 10:38
- 28 of 112
Date for release of 2013 interim results
Inmarsat plc will report consolidated interim results for the six months ended 30 June 2013 and Inmarsat Group Limited will release consolidated financial results for the second quarter ended 30 June 2013 on Friday 2 August at 07:00 hrs BST (London time).
HARRYCAT
- 26 Jul 2013 08:02
- 29 of 112
INMARSAT CONFIRMS SUCCESSFUL LAUNCH OF ALPHASAT SATELLITE
26th July, 2013: Inmarsat, (LSE:ISAT.L), confirms the successful launch of the Alphasat satellite.
Alphasat was launched on an Ariane 5 ECA from the Guiana Space Centre in Kourou, French Guiana at 20.54hrs BST on 25th July (16.54hrs local time). Arianespace confirmed a successful spacecraft separation at 27 minutes 45 seconds after launch and the Alphasat Mission Operations Team confirmed telemetry reception and that they have command of the satellite at 21.47 BST.
The Alphasat satellite will shortly begin a deployment phase, followed by a period of in-orbit testing. This process is expected to last several weeks before commercial operations can begin. Inmarsat expects to provide an update on the deployment progress when it reports interim results on Friday, 2nd August.
Following the start of commercial operations, Alphasat will provide service to Europe, the Middle East and Africa. Alphasat will augment the existing Inmarsat-4 satellite network, which provides global mobile satellite services in L-band.
HARRYCAT
- 02 Aug 2013 08:12
- 30 of 112
StockMarketWire.com
Satellite communications services provider Inmarsat has signed a long-term strategic partnership with RigNet targeting the energy sector.
RigNet will become a key Global Xpress distribution partner for the global energy sector and will offer Global Xpress and L-band services to RigNet's growing customer base.
RigNet has entered into to a significant four-year Global Xpress capacity pre-purchase. To further enhance the strategic value of the partnership, Inmarsat has agreed to sell to RigNet its retailenergy operations, currently managed within the Inmarsat Solutions Enterprise business unit, for a total consideration of US$25m.
The sale will include Inmarsat's microwave and WiMAX networks in the US Gulf of Mexico serving drillers, producers and energy vessel owners; its VSAT interests in Russia, the UK, the US and Canada, its telecommunications systems integration business operating worldwide, and its retail L-band energy satcoms business.
In 2012, the operations subject to the sale had total revenues of $81 million. The overall transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close during or before the first quarter 2014.
HARRYCAT
- 02 Sep 2013 10:14
- 31 of 112
StockMarketWire.com
Morgan Stanley lifts Inmarsat to overweight from equalweight, target 820p from 740p.
HARRYCAT
- 05 Nov 2013 08:09
- 32 of 112
5 November, 2013 - LONDON: Inmarsat plc (LSE: ISAT), the leading provider of global mobile satellite communications services, and ORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced a strategic alliance to collaborate on joint product development and distribution to address the needs of the rapidly growing satellite M2M market. In addition, they will investigate opportunities for future satellite network expansion and integration.
Inmarsat and ORBCOMM will work together to create a standard satellite platform and develop cost-effective hardware and flexible service pricing models for the global M2M industry. ORBCOMM is in the process of building a series of interchangeable modems powered by ORBCOMM's OG2 VHF network and Inmarsat's L-band network. These modems are expected to have the same footprint, connectors, power input, and programming environment. Manufacturers and partners will be able to drop in the appropriate modem that corresponds with either the ORBCOMM or Inmarsat network based on geography, message size and delivery speed for unrivaled ease of use and flexibility.
http://www.moneyam.com/action/news/showArticle?id=4699386
HARRYCAT
- 07 Nov 2013 08:05
- 33 of 112
Inmarsat plc Interim Management Statement
London, UK: 7 November 2013. Inmarsat plc (LSE: ISAT.L) today provided the following information for the three months ended 30 September 2013.
Inmarsat plc - Highlights
· Total revenues $306.9m (2012: $325.9m)
· Total active terminals up 8%
· Solid MSS subscriber growth
· Strong growth in XpressLink, major contract win in October
· Global Xpress first launch scheduled for December
· Fourth Inmarsat-5 satellite ordered
· Strategic partnership with ORBCOMM
Inmarsat Group Limited - Third Quarter Highlights
· Inmarsat Global MSS revenues $187.6m up 0.5% (2012: $186.7m)
· Inmarsat Solutions revenues $188.3m (2012: $205.9m)
· Total EBITDA $168.7m up 3.6% (2012: $162.8m)
Rupert Pearce, Inmarsat's Chief Executive Officer, said, "The third quarter results continue to show that we are on target to achieve our objectives for the full year. Our MSS subscriber growth remains solid and we had a record quarter for our maritime XpressLink service, demonstrating the growing market interest and potential demand for GX.
With the first GX satellite launch now a matter of weeks away, we are turning our attention to 2014 which will be a year of transition. While GX revenues will begin late in the year, due in part to a later than planned first launch, much of the cost necessary to support GX will come on line as planned. In addition, while we have tightly controlled costs in 2013, we have added cost investment in L-band growth opportunities and this will continue. In 2014, this operating cost investment will coincide with a very difficult outlook for our US government business, particularly in our Inmarsat Solutions business, which we now expect to be even more pronounced in 2014.
The timing of these factors will naturally combine to apply some downward pressure on operating profits during the year 2014, but we remain confident in the outlook for GX and we reiterate our target of 8%-12% compound annual MSS revenue growth over the 2014 to 2016 period."
HARRYCAT
- 17 Dec 2013 07:48
- 34 of 112
StockMarketWire.com
Global mobile satellite communications services provider Inmarsat has acquired the business and substantially all of the assets of Globe Wireless LLC.
Headquartered in Palm Bay, Florida, Globe Wireless is a leading provider of value-added maritime communications services to the shipping market.
Chief executive Rupert Pearce said: "This is a highly compelling transaction for Inmarsat."
HARRYCAT
- 03 Feb 2014 09:39
- 35 of 112
3 February 2014 - Inmarsat (LSE:ISAT.L) today confirmed that, following regulatory and other approvals, it has now completed the sale of its retail energy operations to RigNet, Inc. (NASDAQ: RNET), a leading global provider of managed remote communications solutions to the oil and gas industry. The sale is part of a wide-ranging strategic transaction between the two companies, which also includes the appointment of RigNet as a Value Added Reseller (VAR) for Inmarsat's game-changing Global Xpress® service and as a Distribution Partner for Inmarsat's award-winning L-band services to the energy sector.
Under the deal, Inmarsat sold to RigNet substantially all of its retail energy broadband assets, which include Inmarsat's microwave and WiMAX networks in the US Gulf of Mexico, its VSAT interests in the UK, the US and Canada, its telecommunications systems integration business operating worldwide, and its retail L-band energy satcoms business. In 2012, the operations subject to the sale had total revenues of US$68 million. The transaction excludes Inmarsat's energy interests in Russia.
HARRYCAT
- 14 Feb 2014 14:38
- 36 of 112
Date for release of preliminary full year 2013 results
Inmarsat plc announces that it will report consolidated Preliminary Full Year 2013 Results on Thursday 6 March 2014.
HARRYCAT
- 06 Mar 2014 08:09
- 37 of 112
London, UK: 6 March 2014. Inmarsat plc (ISAT.L), the leading provider of global mobile satellite communications services, today reported consolidated preliminary financial results for the year ended 31 December 2013.
Inmarsat plc -
Highlights
· Adjusted1 total revenues $1,249.6m (2012: $1,277.6m)
· Total Inmarsat Global MSS revenue $762.4m up 3.3% (2012: 738.0m)
· Adjusted2 EBITDA $639.8m (2012: $642.8m)
· Profit before tax $189.1m (2012: $293.6m)
· Adjusted3 profit before tax $365.3m up 8.6% (2012: $336.4m)
· Final dividend of 28.82 cents (US$) up 5%
· Continued subscriber growth: FleetBroadband, XpressLink, SwiftBroadband
· New CFO announced
Inmarsat Group Limited -
Fourth Quarter Highlights
· Inmarsat Global MSS revenues $194.3m up 5.4% (2012: $184.4m)
· Inmarsat Solutions revenues $192.6m (2012: $208.2m)
· Total EBITDA $150.9m (2012: $150.5m)
http://www.moneyam.com/action/news/showArticle?id=4767811
Juzzle
- 26 Mar 2014 09:04
- 38 of 112
Seems ISAT has played a key role in the search for the missing plane -
according to numerous press reports in this Google News search:
Plane Search - Inmarsat Role
goldfinger
- 26 Mar 2014 09:10
- 39 of 112
Yep they put the ping in PING.
HARRYCAT
- 07 May 2014 08:22
- 40 of 112
StockMarketWire.com
Global mobile satellite communications services provider Inmarsat's total revenues rose by 9.9% to $344.7m in the three months to the end of March.
Adjusted total earnings before interest, tax, depreciation and amortisation rose by 6.8% to $164.7m.
Chief executive Rupert Pearce said, "We have made a strong start to the year in both our wholesale MSS business and in our retail operations.
"Our MSS business grew by 4% year over year, driven by strong results from our maritime and aviation businesses. We have also completed two strategic transactions that enhance our existing business operations and build new capability and market reach that will benefit the successful take-up of Global Xpress.
"We remain on track for two further Inmarsat-5 launches in 2014 that will complete our GX network. Market interest in GX is building and a number of high profile customers have committed to service trials. New business for GX was signed during the quarter and GX service testing is progressing well.
"We remain confident that commercial GX services will be introduced in July in line with our plan. Finally, we are indebted to the skill and professionalism of our team in providing vital support and information in the search for the missing aircraft MH370."
skinny
- 12 May 2014 07:07
- 41 of 112
Inmarsat offers free airline tracking
UK satellite operator Inmarsat is to offer a free, basic tracking service to all the world's passenger airliners.
The offer follows the case of Malaysia Airlines flight MH370, which disappeared without trace on 8 March.
HARRYCAT
- 21 May 2014 11:54
- 42 of 112
StockMarketWire.com
Inmarsat has completed an offering of debt securities through Inmarsat Finance plc, a wholly-owned subsidiary company.
Inmarsat sold US$1,000,000,000 of 4.875% senior notes due 2022.
The offering was completed at a price of 99.191% plus accrued interest.
The company intends to use the proceeds principally to:
(i) fund a tender offer for any and all of its outstanding 7.375% Senior Notes due 2017 and satisfy and discharge any such remaining notes
(ii) pay fees and expenses in relation to the tender offer and redemption and the offering of the new notes, with the remaining proceeds to be used for general corporate purposes.
The new notes will be issued on 4 June 2014, subject to customary closing conditions.