KTsat, SpeedCast to Provide Comms to 150 vessels
SpeedCast International Limited, a global satellite communications and network service provider, and KTsat, the satellite service provider in Korea, have announced the two companies have been awarded a new contract to provide global Ku-band maritime communications services to up to 150 vessels. The service will be installed over the next 18 months. “It has been a phenomenal experience to work with SpeedCast for our maritime customers. We saw a great momentum from our partnership that our KOREASAT satellite fleets in Korea and in the Asia-Pacific region have been growing over the past few years. SpeedCast has been providing an extensive infrastructure for providing this seamless connectivity for maritime data…
Inmarsat Complete Globe Wireless Acquisition
Inmarsat inform that the US$45-million deal to buy Globe Wireless, the Florida-based provider of value-added maritime communications services to the shipping market, has been finalised. Inmarsat has confirmed that it has completed regulatory and other approvals in relation to its purchase of Globe Wireless, which included the business and substantially all of the assets of Globe Wireless, which in the twelve months ended June 30, 2013, generated revenues of US$91 million and currently has an installed customer base of over 6,000 ships.
Inmarsat to Acquire Globe Wireless
Inmarsat, a provider of global mobile satellite communications services, announced the acquisition of 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. Significant operational synergies identified through immediate integration with Inmarsat’s maritime business unit, and which are expected to deliver a material improvement in profitability within the first year. Pearce highlighted a range of important strategic benefits associated with the acquisition. These included the opportunity to swiftly deliver significantly improved financial performance through synergies.
New Organizational Structure for Inmarsat
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 Acquired by Inmarsat Plc.
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.
