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

INMARSAT PLC

(ISAT)
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Inmarsat Plc : NSSLGlobal appointed Value Added Reseller for Inmarsat Global Xpress

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04/09/2013 | 08:38am EST

9 April 2013 - Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communications services, has signed an agreement with NSSLGlobal Ltd, appointing the independent service provider for satellite communications solutions as a Value Added Reseller (VAR) of Global Xpress (GX) for the maritime market.

GX will provide the shipping industry with the first global, superfast broadband service with speeds up to 50Mbps. Based on Ka-band technology, GX will consistently deliver higher performance through more compact terminals at a lower cost than existing VSAT services, making it accessible to many more vessels. It will offer the global coverage and reliability for which Inmarsat is renowned, and is complemented by Inmarsat's award-winning FleetBroadband for extra resilience in the most challenging environments.

Frank Coles, President, Inmarsat Maritime, said: "In building our VAR network for Global Xpress, NSSLGlobal's understanding of our business, combined with their decades of experience serving the maritime industry, makes them an excellent partner for Inmarsat's revolutionary GX service. We continue to make strong progress in building our global channel network in advance of the launch of our first Ka-band satellite at the end of this year."

Sally-Anne Ray, Chief Operating Officer, NSSLGlobal Ltd, said: "We are delighted to have been chosen as a Global Xpress launch partner for Inmarsat. VSAT communications has traditionally been a luxury in the maritime market and consequently only gained traction with customers who have the capital expenditure, space and data requirements to accommodate an always-on VSAT system. Global Xpress represents the next generation of communication for the whole maritime industry, as it provides a cost-effective broadband solution that supports the rapidly growing bandwidth demands of operational and crew welfare applications."

NSSLGlobal Ltd was founded in 1969 and serves thousands of maritime customers across the world from deep-sea merchant fleets to the Super Yacht market. A long-time partner of Inmarsat, NSSLGlobal offers a full range of integration, support and maintenances services to its customers, in addition to consultancy on communication solutions.

For further information

Shireen Crowe
PR Consultant to Inmarsat Maritime
shireen.crowe@direct-pr.co.uk
Tel: +44 7879417177

Gene Chui, EdenCancan
PR Consultant to NSSLGlobal
gene.chui@edencancan.com
Tel: +44 (0)20 7467 9417

About Inmarsat

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.

The Inmarsat press release newsfeed is on Twitter @Inmarsatnews and corporate updates are on @Inmarsat_plc

NSSLGlobal Ltd

NSSLGlobal is a leading provider of global satellite services on land and sea. Based in nearly 40 markets around the world, NSSLGlobal provides satellite services on land, online and on board. The company is an Inmarsat Distribution Partner for GSPS, BGAN and FleetBroadband and a VSAT network operator with its own DVBS2-RCS network supporting in excess of 700 vessels and land sites worldwide.

NSSLGlobal supports customers and partners in the corporate, media, government, maritime, oil & gas and offshore sectors. For further information visit www.NSSLGlobal.com.

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Financials (USD)
Sales 2019 1 393 M
EBIT 2019 198 M
Net income 2019 66,7 M
Debt 2019 2 421 M
Yield 2019 2,80%
P/E ratio 2019 50,3x
P/E ratio 2020 32,8x
EV / Sales2019 4,12x
EV / Sales2020 3,98x
Capitalization 3 311 M
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Last Close Price 7,14  $
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Rupert Edward Pearce Chief Executive Officer & Executive Director
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Antony Jeffrey Bates Chief Financial Officer & Executive Director
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