Inmarsat bidders make investment pledges after talks with UK govt [Reuters]
INMARSAT PLC ADR (IMASY)
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Source: Reuters
Inmarsat bidders make investment pledges after talks with UK government - Reuters 2 Min Read LONDON (Reuters) - The private-equity led team seeking to buy Britain’s largest satellite company Inmarsat ( ISA.L ) has pledged to keep key operations in the United Kingdom and invest in the business as part of the deal, following talks with the government. The takeover of Inmarsat is expected to be closely scrutinized by politicians in Westminster and regulators as the satellite company is seen as a strategic asset. Founded in 1979, it was set up by the International Maritime Organization as a way for ships to communicate with those back on shore and make emergency calls. With a market value of 2.6 billion pounds, it now sees a growing opportunity to supply in-flight broadband services to commercial aircraft. It agreed in March to be bought by a group of buyout funds including British-based Apax Partners, U.S.-based Warburg Pincus and the Canada Pension Plan Investment Board (CPPIB) for $3
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