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Inmarsat buys 19% of Canada's SkyWave
|02 апреля 2009|
The financial terms of the deal weren't disclosed but are believed to be in the region of $10 million to $20 million, and the deal is subject to SkyWave's acquisition of certain SLDR assets from logistics services firm TransCore.
"We are investing in SkyWave because we see the strong potential from the combined SkyWave and GlobalWave technical leadership in the satellite low data rate (SLDR) market," Perry Melton, Inmarsat's Chief Operating Officer said.
"We estimate that the SLDR market is worth $600 million in end user revenue and has significant growth potential," he said.
SLDR is technology used to track containers and ships.
In addition to the acquisition, satellite communications company Inmarsat and Canadian satellite company SkyWave have signed a long-term distribution agreement and product development deal.
Inmarsat was advised by Morgan Stanley on the transaction.
At 1435 GMT, Inmarsat shares were down 2.6% at 477p, underperforming a 0.53% rise in the FTSE 100.
Источник: Total Telecom