Inmarsat Solutions News

Inmarsat plc, provider of global mobile satellite communications services, & RigNet, Inc. global provider of managed remote communications solutions to the oil and gas industry, agree a wide-ranging strategic transaction involving the appointment of RigNet to distribute Inmarsat’s Global Xpress and L-band services to the energy sector & the sale of Inmarsat’s retail energy business to RigNet. Under the terms of the agreement, 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. In connection with the appointment, RigNet has entered into to a significant 4-year Global Xpress capacity pre-purchase.

Rupert Pearce, Inmarsat's Chief Executive Officer, said: "The results for the first quarter are in line with our expectations and give us confidence in our outlook. Strong subscriber growth of over 10% in the first quarter continues to underpin our expectations for improved results in 2012. Growth in our maritime data revenue resulted primarily from the impact of pricing initiatives, in particular as a result of the elimination of volume discounts previously available for older services where we are encouraging customer migration to our FleetBroadband service. In addition, we added 2,010 FleetBroadband terminals during the quarter, showing that take up of this service remains strong.

New Organisational Structure for Inmarsat Brings Renewed Focus on Core Markets; Stratos, Segovia and Ship Equip Now Align Under the Inmarsat Brand. Inmarsat, a provider of global mobile satellite communications services, has begun the process of including its subsidiary companies within a new organisational structure that will align the Inmarsat business more closely to core vertical market segments and continue to support both direct and indirect distribution of its services. As of 1st January 2012, Inmarsat Solutions, led by Jim Parm, is responsible for Inmarsat's global direct and indirect sales and marketing delivery. Inmarsat Government Global, led on an interim basis by Ronald Spithout, focusing on worldwide (i.e.

Ship Equip International AS and Inmarsat plc (LSE: ISAT.L) announced an agreement for Inmarsat, to acquire Ship Equip for a total consideration of $163.7m. Inmarsat is a provider of global mobile satellite communications services. Ship Equip, based in Ålesund, Norway, is a provider of VSAT maritime communications services to the shipping, offshore oil & gas and fishing markets. James Parm, President and CEO of Stratos, commented: "We are delighted to welcome Ship Equip and their management team into the Inmarsat group.