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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Inmarsat    ISAT   GB00B09LSH68

INMARSAT

(ISAT)
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Inmarsat : European Aviation Network (EAN) inflight broadband now available to thousands of airline passengers; Europe's fastest aviation connectivity solution can be accessed on over 100 airline routes, offering incomparable speeds and uninterrupted coverage throughout their flights

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07/18/2019 | 07:25am EDT

The European Aviation Network (EAN), the fastest inflight broadband service in Europe, is now being offered by airlines to more than 30,000 passengers across the continent each day, allowing them to seamlessly browse the internet, stream videos, check social media, enjoy real-time interactive gaming, and more during flights.

Currently under a 'soft launch' phase with initial airline customers, the award-winning connectivity solution can already be accessed on more than 100 routes from key destinations such as London, Madrid, Barcelona, Athens, Lisbon, Prague, Rome and Vienna. To date, almost two million passengers have travelled on flights with access to EAN.

Building upon unique European infrastructure, EAN marks a paradigm shift in the airline passenger experience for the continent, with incomparable speeds, uninterrupted coverage and significantly lower latency than any other inflight broadband network in the market.

Philip Balaam, President of Inmarsat Aviation, said: "EAN has established an unprecedented new benchmark for inflight broadband, not only in Europe but on a global basis. It combines the expertise of Europe's most innovative companies to provide best-in-class connectivity unmatched by any other solution. We have been working with our initial airline customers to monitor and fine-tune the service during their soft launches before it's rolled out on their wider fleets. We are extremely pleased with the initial response from both the airlines and their passengers, which is testament to the important role EAN is already playing in the European aviation industry. This vision of a unique, pan-European high-speed inflight connectivity network is being deployed with advanced infrastructure in the skies and on the ground."

Developed by Inmarsat and Deutsche Telekom (DT) in partnership with leading European companies such as Thales, Nokia, Airbus, Cobham and EAD Aerospace, EAN has been designed from scratch specifically for the needs of European aviation. It delivers consistent inflight broadband across Europe, one of the world's most congested airspaces, with more than one billion passengers and 11 million flights per year.

For airline customers, EAN also offers the fastest ever installation time for a connectivity solution, requiring under nine hours per aircraft, meaning significantly less downtime. Combined with the system's low weight, low drag and low maintenance, this results in lower overall operation costs.

Rolf Nafziger, Senior Vice President Deutsche Telekom Global Carrier, said: "We are delighted that airline passengers are now enjoying the game-changing inflight broadband capabilities of the European Aviation Network. This is a momentous achievement, not only for Deutsche Telekom and Inmarsat, but for all the European partners involved in getting this highly innovative solution off to such a flying start. EAN has a bright future ahead as it continues to roll out on more and more aircraft with initial airline customers over the coming months. In addition, its lightweight, small and low maintenance equipment provides a hugely compelling business case for other European carriers."

ENDS

For further information:

Inmarsat

Jonathan Sinnatt

Director of Corporate Communications

+44 (0)20 7728 1935

jonathan.sinnatt@inmarsat.com

Robeel Haq

Head of Communications, Aviation

+44 (0)20 7728 1352

robeel.haq@inmarsat.com

About Inmarsat

Inmarsat is the world leader in global, mobile satellite communications. It owns and operates the world's best global portfolio of satellite networks, specifically designed for customer mobility, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end to end customer service assurance. The company has an unrivalled track record of operating the world's most reliable global mobile satellite networks, sustaining business and mission critical safety & operational applications for 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat operates across a diversified portfolio of sectors with the financial resources to fund its business strategy and holds leading positions in the Maritime, Government and Aviation satcoms markets, operating consistently as a trusted, responsive and high quality partner to its customers across the globe.

For further information, visit Inmarsat.com or follow us on LinkedIn or on Twitter @InmarsatGlobal.

About Deutsche Telekom:

https://www.telekom.com/companyprofile

Deutsche Telekom AG

Corporate Communications

Tel.: +49 228 181 - 49494

E-Mail: media@telekom.de

Further information for the media at:

www.telekom.com/media

www.telekom.com/photos

www.twitter.com/telekom_group

www.instagram.com/deutschetelekom

.

(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG 0.67% 14.982 Delayed Quote.1.09%
INMARSAT 0.73% 579 Delayed Quote.52.65%
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Sales 2019 1 452 M
EBIT 2019 229 M
Net income 2019 66,8 M
Debt 2019 2 376 M
Yield 2019 2,83%
P/E ratio 2019 49,3x
P/E ratio 2020 33,2x
EV / Sales2019 3,88x
EV / Sales2020 3,93x
Capitalization 3 255 M
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Last Close Price 7,02  $
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