25th Jul 2008 07:30
FOR IMMEDIATE RELEASE
25 July 2008
Inmarsat plc ("Inmarsat" or the "Company")Response to announcement by Harbinger Capital Partners Funds ("Harbinger") and SkyTerra Communications, Inc. ("SkyTerra")
Inmarsat notes this morning's announcement by Harbinger and SkyTerra regarding their current intention to make an offer for Inmarsat following the satisfactory outcome of a regulatory review.
The Board remains highly confident in Inmarsat's standalone prospects. However, the Board intends to maintain a constructive relationship with Harbinger and SkyTerra throughout the regulatory review process and will consider carefully any future offer that may maximise value for Inmarsat's shareholders as a whole.
Enquiries:
Charles Harman
JPMorgan Cazenove
020 7588 2828
Philip Yates
Perella Weinberg Partners
020 7268 2800
Chris McLaughlin
Inmarsat plc
020 7728 1015
JPMorgan Cazenove Limited ("JPMorgan Cazenove") and Perella Weinberg Partners UK LLP ("Perella Weinberg Partners"), which are authorised and regulated in the United Kingdom by the Financial Services Authority, are acting for Inmarsat and no-one else in connection with the matters referred to herein and will not be responsible to anyone other than Inmarsat for providing the protections afforded to clients of JPMorgan Cazenove and Perella Weinberg Partners or for giving advice in relation to such matters.
Related Shares:
Inmarsat