12th Jun 2007 07:00
Inmarsat PLC11 June 2007 Press release London, UK: 11 June 2007. Inmarsat plc (LSE:ISAT, "Inmarsat") notes that CIPCanada Investment Inc. ("CIP Canada"), a fully owned subsidiary ofCommunications Investment Partners Limited ("CIP"), has today increased its cashoffer for Stratos Global Corporation ("Stratos") to C$7 per share. Inmarsat remains fully supportive of the agreement between its subsidiaryInmarsat Finance III Limited ("Inmarsat III") and CIP UK Holdings Ltd ("CIP UK")to provide a loan facility to fund the acquisition of Stratos by CIP Canadaunder the terms of the improved proposal. ______________Forward-looking StatementsCertain statements in this announcement constitute "forward-looking statements"within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.These forward-looking statements involve risks, uncertainties and other factorsthat may cause our actual results, performance or achievements, or industryresults, to be materially different from those projected in the forward-lookingstatements. These factors include: general economic and business conditions;changes in technology; timing or delay in signing, commencement, implementationand performance of programmes, or the delivery of products or services underthem; structural change in the satellite industry; relationships with customers;competition; and ability to attract personnel. You are cautioned not to rely onthese forward-looking statements, which speak only as of the date of thisannouncement. We undertake no obligation to update or revise any forward-lookingstatement to reflect any change in our expectations or any change in events,conditions or circumstances. About Inmarsat:Inmarsat plc (LSE:ISAT) is the leading provider of global mobile satellitecommunications. Since 1979, Inmarsat has been providing reliable voice andhigh-speed data communications to governments, enterprises and otherorganisations, with a range of services that can be used on land, at sea or inthe air. The company's services are delivered through a global network of morethan 500 distribution partners and service providers operating in 180 countries.For the year ended 31 December 2006, Inmarsat plc had total revenue of US$500.1million and profit before tax of US$89.8 million. Contacts: Media Enquiries: Inmarsat: Chris McLaughlin: Tel: +44 7728 [email protected] Finsbury: Edward Simpkins Tel: +44 20 7251 3801, mobile: 07947 740 551 Investor Enquiries: Simon Ailes: Tel: +44 20 7728 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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