6/4/2023 0 Comments Inmarsat minim![]() ![]() When the turnaround specialist Melrose bought the defence contractor GKN in an £8bn deal last year, the Labour MP Jack Dromey called on the government to block the deal but the business minister, Greg Clark, decided against any intervention. It provides telephone and data services to users worldwide, via portable or mobile terminals which communicate with ground stations through fourteen geostationary telecommunications satellites. The government has powers to intervene in takeovers but can only do so in strictly limited sets of circumstances, including as to whether a deal might affect financial stability, reduce media plurality, or have defence and national security implications. Inmarsat is a British satellite telecommunications company, offering global mobile services. But, given how distracted we are with Brexit, could we actually be losing control of key companies rather than ‘taking back control?’”Ī spokesperson for the Department for Business, Energy and Industrial Strategy said: “This is a commercial matter but we are monitoring this takeover bid.” “This became an issue when ARM Holdings was taken over immediately after the EU referendum in 2016. Helal Miah, an investment research analyst at the Share Centre, said: “As one of the few large technology groups left in the UK and one that is of strategic and security importance, the government has previously mentioned that these businesses could be protected from overseas takeovers. Inmarsat’s shares rose nearly 9% to 550p on Monday. It has struggled in recent years, however, and faces increasing competition from rivals including Elon Musk’s SpaceX and the Richard Branson-backed OneWeb, which last month launched its first six satellites into space. Inmarsat still provides communication services for ships and the consortium pledged to ensure that the company would fulfil its obligations under the global maritime distress and safety system. It was privatised in 1999 and floated on the London Stock Exchange in 2005. The company was set up in 1979 by the International Maritime Organization, the UN’s maritime body, as an international governmental organisation to enable ships to communicate with shore and to call for help in emergencies. Its “groundbreaking” technology was also used in the hunt for the missing Malaysia Airlines flight MH370 in 2014, narrowing the corridor of the Indian Ocean in which accident investigators hunted for the plane. It supplied satellite services to the Ministry of Defence to improve ground communications for soldiers fighting in Afghanistan. Inmarsat, which has 13 satellites in orbit, provides mobile satellite services that underpin email, internet and video conferencing, as well as in-flight wifi. With Inmarsat monthly contract ensure you are always ready to make a call and will never run out of credit by signing up to one of our monthly contracts. ![]() The agreed deal comes nine months after Inmarsat rejected an offer from its US rival EchoStar and reignites concerns over takeovers of leading UK technology businesses following Melrose’s controversial £8bn acquisition of the engineering company GKN and the £24bn takeover of smartphone chipmaker ARM Holdings by Japan’s SoftBank. Inmarsat employs 800 people at its base at Old Street roundabout in London, out of a 2,000-strong global workforce. ![]() It offers additional Non-SOLAS distress functionality and the reception of EGC messages and SafetyNet/FleetNet.The investor group said it would keep Inmarsat’s headquarters in the UK and maintain the company’s spending on research and development. Safeguard against the unpredictability of the open water and extreme weather conditions with the mainstay of maritime safety, Inmarsat C. SAILOR 6150 mini-C Distress provides the reliability and functionality to meet all vessel monitoring requirements including: Data Reporting, Vessel Monitoring System, GeoFencing and Two-Way Messaging. SAILOR 6140 mini-C Maritime System provides the reliability and functionality to meet all vessel monitoring requirements including: Data Reporting, Vessel Monitoring System, GeoFencing and Two-Way Messaging. SAILOR 6130 mini-C LRIT System is approved by Inmarsat and major flag ASP state administrators and is fully compliant with the performance requirements described in IMO Resolution MSC.263(84). SAILOR 6120 mini-C SSAS System is approved by Inmarsat and all major classification societies and national flag state administrators, and exceeds the requirements listed in IMO MSC. SAILOR 6110 mini-C GMDSS provides GMDSS, SSAS and LRIT, and is a genuine next generation safety solution offering enhancements across the board. Operation is performed via the new SAILOR 6006 Message Terminal, which stands out as the world's first touch screen, Wheelmarked GMDSS terminal. ![]()
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