Major player: Staff at Inmarsat work at the company’s headquarters in London. Inmarsat is a long-established provider of communication services to shipping. — Reuters
BENGALURU: A private equity-led consortium has agreed to buy Inmarsat Plc for about US$3.4bil in cash after the British satellite operator last year rebuffed a slightly lower bid from US rival EchoStar.
The consortium includes UK-based Apax Partners, US-based Warburg Pincus and Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board.
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