Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Inmarsat    ISAT   GB00B09LSH68

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Inmarsat Plc : Inmarsat and LightSquared agree amended terms for Cooperation Agreement

share with twitter share with LinkedIn share with facebook
share via e-mail
04/20/2012 | 11:58am CEST
Inmarsat and LightSquared agree amended terms for Cooperation Agreement

20-04-2012 - Inmarsat today announces that it has reached agreement with LightSquared to amend certain terms of the Cooperation Agreement between the two companies. In connection with the amended terms, LightSquared has made a payment to Inmarsat of US$56.25 million, being the completion payment for Phase 1 transition which had previously been outstanding.

Under the terms of the amendment, Inmarsat has agreed to suspend Phase 2 of the Cooperation Agreement until 31 March 2014. LightSquared may, at its option, elect to restart Phase 2 prior to this date. During the period of suspension LightSquared will not be required to make any Phase 2 payments to Inmarsat, including the formerly overdue payment of US$29.6 million which was due 31 March 2012.

On 1 April 2014, or an earlier date as elected by LightSquared, Phase 2 payments will recommence from that date based on a restructured payment plan that will differ from the previous Phase payments and be dependent on certain future outcomes with regard to deployment of the LightSquared network. A payment due on 4 April 2012 in relation to Phase 1.5 of the Cooperation Agreement has been renegotiated within the scope ofthe amended terms for Phase 2.

As a result of the amendment announced today, LightSquared will no longer be in default in relation to any payments under the Cooperation Agreement. Notices of default issued by Inmarsat to LightSquared in relation to previous non-payment events will no longer have any effect.

The amended terms of the Cooperation Agreement will allow LightSquared additional time to secure regulatory consents that may utimately lead to the deployment of its ATC network in North America. The deployment of the LightSquared network remains a substantive revenue opportunity for Inmarsat, through Phase 2 of the Cooperation Agreement, and Inmarsat believes this amendment is in the best interests of Inmarsat's shareholders.

Contact: Inmarsat plc, London, UK

Investor Enquiries:
Simon Ailes
Tel: +44 (0)20 7728 1518

Media Enquiries:
Chris McLaughlin
Tel: +44 (0)77 9627 6033

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on INMARSAT
08/14 ADDVALUE TECHNOLOGIES : Inmarsat, Addvalue collaborate on LEO satellite relay se..
08/12 ADDVALUE TECHNOLOGIES : UK-listed Inmarsat to jointly offer Inter-Satellite Data..
08/10 NORTHROP GRUMMAN : Astro Aerospace Completes Preliminary Design Review for Inmar..
08/10 INMARSAT : shows off Global Xpress in-flight wi-fi on GIV
08/05 INMARSAT : Global Xpress delivers reliable, high-speed uniform aero coverage wor..
08/04 INMARSAT : Two thirds of airlines to operate connected aircraft by 2019
08/04 INMARSAT : Two thirds of airlines to operate connected aircraft by 2019
08/03 INMARSAT : Demonstrates Seamless Global Xpress Connectivity in VIP Aircraft Worl..
08/02 INMARSAT : demonstrates seamless Global Xpress connectivity in VIP aircraft worl..
08/02 INMARSAT : VIP aircraft world test flight demonstrates seamless connectivity of ..
More news
News from SeekingAlpha
08/06 Inmarsat Plc. 2017 Q2 - Results - Earnings Call Slides
08/06 Inmarsat's (IMASF) CEO Rupert Pearce on Q2 2017 Results - Earnings Call Trans..
08/03 Inmarsat reports Q2 results
07/11 Orbcomm teams with MCN on China service offering
06/01 OneWeb looks to other satellite mates after Intelsat deal falters
Financials ($)
Sales 2017 1 389 M
EBIT 2017 360 M
Net income 2017 178 M
Debt 2017 1 842 M
Yield 2017 5,92%
P/E ratio 2017 24,58
P/E ratio 2018 18,23
EV / Sales 2017 4,46x
EV / Sales 2018 4,24x
Capitalization 4 355 M
Duration : Period :
Inmarsat Technical Analysis Chart | ISAT | GB00B09LSH68 | 4-Traders
Technical analysis trends INMARSAT
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 21
Average target price 10,7 $
Spread / Average Target 12%
EPS Revisions
Rupert Edward Pearce Chief Executive Officer & Executive Director
Andrew John Sukawaty Non-Executive Chairman
Jason Smith Chief Operations Officer
Antony Jeffrey Bates Chief Financial Officer & Executive Director
Michele Franci Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
INMARSAT-1.40%4 355
SES-4.90%10 787
THAICOM PCL--.--%515