19th Jan 2009 07:30
FCC approval for Stratos acquisition
Monday, 19 January 2009: Inmarsat plc (ISAT:LON) "Inmarsat", the world's leading provider of global mobile communications services, announced that the US Federal Communications Commission (FCC) has issued its order approving the transfer of Stratos' FCC licences to Inmarsat. We previously announced on 11 December 2007 that Inmarsat Finance III Limited, an Inmarsat subsidiary, has a call option over the Stratos shares, which are currently held in an irrevocable trust. The call option can be exercised no earlier than 15 April 2009. The exercise of the call option remains subject to certain other governmental approvals, which are expected to be obtained before 15 April.
For information, please contact:
Investor enquiries:
Simon Ailes: +44 20 7728 1518
Media enquiries:
Chris McLaughlin: +44 7796 276033
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