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Inmarsat inks deal with Cyprus-based Satlink

Tue, 14th Feb 2017 07:36

(ShareCast News) - FTSE 250 satellite communication services provider Inmarsat has entered into a new agreement with Satlink Satellite Communications to integrate its Global Xpress maritime solution Fleet Xpress into Satlink's existing service portfolio.As part of the agreement, Satlink will bring more than 1,500 vessels to the Fleet Xpress service over a five-year period.Inmarsat said Fleet Xpress is facilitating innovative 'connected ship' applications, delivers the highest levels of reliable, high-speed broadband connectivity and "exceptional performance" across all of the world's oceans, with continuous connectivity and guaranteed performance.Based in Cyprus, Satlink supplies, services, integrates and installs satellite communications equipment on-board. Its customers include merchant fleets, offshore, fishing and leisure vessels.Ronald Spithout, president of Inmarsat Maritime said: "Satlink is a long-standing Inmarsat Maritime Partner and we are delighted to further strengthen our relationship with this significant agreement."We are seeing an unprecedented uptake of the Fleet Xpress service since its launch last year, and by working with Satlink, we are able to extend our global reach and expertise to the market. The connected ship is no longer a concept, but now rapidly becoming a reality. With our, world-leading, high-speed broadband connectivity and a dedicated partner network, together we are revolutionising the industry and delivering tangible benefits in terms of vessel performance, driving operational efficiencies and improving the wellbeing of the crew."
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20 Sep 2018 08:47

LONDON MARKET OPEN: Stocks Open Higher, Rio Tinto And Glencore On Top

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20 Sep 2018 07:21

Inmarsat enters in-flight broadband collaboration with Panasonic Avionics

(Sharecast News) - Inmarsat announced on Thursday that itself and Panasonic Avionics Corporation have agreed a strategic collaboration, for an initial 10-year period, that would enable them to combine their "highly complementary" services to offer broadband in-flight connectivity (IFC),paired with high-value solutions and services to customers in the commercial aviation industry worldwide.

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13 Sep 2018 10:49

WINNERS & LOSERS SUMMARY: Retailers Hit As John Lewis Profit Collapses

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13 Sep 2018 08:50

LONDON MARKET OPEN: FTSE 100 Higher Ahead Of BoE, ECB; Retailers Fall

LONDON (Alliance News) - The FTSE 100 was slightly higher in early trade on Thursday as the US and China looked to restart trade talks, while central bank decisions due at midday remain in Holdings a

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4 Sep 2018 17:09

LONDON MARKET CLOSE: FTSE 100 Slides As Housebuilders And WPP Drag

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4 Sep 2018 10:32

WINNERS & LOSERS SUMMARY: Alfa Financial Sinks After Contract Delays

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4 Sep 2018 09:11

RBC Capital downgrades Inmarsat to 'sector perform'

(Sharecast News) - With the stock underpinned by Echostar and given current headwinds, RBC Capital Markets downgraded Inmarsat to 'sector perform' from 'outperform' on Tuesday, slashing the price target to 650p from 725p.

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29 Aug 2018 12:10

UK launches £92m navigation satellite to rival EU's Galileo

(Sharecast News) - The UK government said on Wednesday it is launching a study to design the new navigation satellite programme that will rival the EU's Galileo post-Brexit at a cost of around £92m.

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8 Aug 2018 12:27

Morgan Stanley hikes Inmarsat price target, highlights potential upside

(Sharecast News) - Morgan Stanley has upped its target price for Inmarsat and, while the recent rally in the shares makes the valuation "not particularly appealing", there are variables in the pipeline that could make the shares look cheap.

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2 Aug 2018 17:10

European Markets Pull Back On US-China Trade Concerns, Bank Of England

BRUSSELS/FRANKFURT/PARIS (Alliance News) - The European markets ended Thursday's session firmly in negative territory. US-China trade concerns continue to have a negative impact in and

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2 Aug 2018 13:34

CORRECT: Inmarsat Swings To Loss After Failed EchoStar Bid Ups Costs

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2 Aug 2018 10:44

Inmarsat Swings To Loss After Failed EchoStar Bid Ups Finance Costs

LONDON (Alliance News) - Satellite telecommunications company Inmarsat PLC said Thursday it swung to a loss in the first half of 2018, prompting a cut to its dividend.The FTSE 250-listed a

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2 Aug 2018 08:05

Inmarsat in H1 pre-tax loss, reiterates guidance

(Sharecast News) - Satellite operator Inmarsat on Thursday reported an interim pre-tax loss of $119m compared with a profit of $63.4m a year earlier due to higher costs and currency movements.

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9 Jul 2018 11:57

LONDON MARKET MIDDAY: Stocks Climb; Pound Higher After Davis Quits

LONDON (Alliance News) - Stocks in London were higher on Monday, brushing off last week's US-China tariffs, while the pound rose after the UK's Brexit secretary resigned from his role.The 100

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6 Jul 2018 17:12

CORRECT: Stocks End Week Lower As US-China Trade War Begins

(Correcting opening paragraph to say US trade war with China has commenced.)LONDON (Alliance News) - Stocks in London closed broadly higher on Friday, but ended the week broadly lower as the a

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