London, UK, 7-1-2014 — /EuropaWire/ — Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communications services, today confirmed that it had completed regulatory and other approvals in relation to its US$45 million purchase of Globe Wireless, the Florida-based leading provider of value-added maritime communications services to the shipping market. As a consequence, Inmarsat has now completed its acquisition of Globe Wireless.
Inmarsat’s acquisition includes the business and substantially all of the assets of Globe Wireless LLC (“Globe Wireless”). In the twelve months ended June 30, 2013, Globe Wireless generated revenues of US$91 million and currently has an installed customer base of over 6,000 ships.
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Inmarsat plc is the leading provider of global mobile satellite communications services. Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. Inmarsat employs around 1,600 staff in more than 60 locations around the world, with a presence in the major ports and centres of commerce on every continent. Inmarsat is listed on the London Stock Exchange (LSE:ISAT.L). For more information, please visit www.inmarsat.com.