View all newsletters
Receive our newsletter - data, insights and analysis delivered to you

Inmarsat announces strategic investment agreement with SkyWave Mobile

SkyWave to acquire assets relating to GlobalWave SLDR products and services business from TransCore

By CBR Staff Writer

Inmarsat, a UK-based provider of mobile satellite communications services, has announced a strategic investment, long term global distribution agreement and new product development agreement with SkyWave Mobile Communications of Canada.

Concurrent with this investment, SkyWave will acquire assets relating to the GlobalWave satellite low data rate (SLDR) products and services business from TransCore and will enter into a sales distribution relationship with TransCore focusing on the North American trucking and rail segments of the SLDR market, designed to leverage TransCore’s substantial presence in those segments.

Under the agreements, Inmarsat will, subject to SkyWave’s acquisition of the GlobalWave assets, acquire a stake of approximately 19% in the privately held SkyWave. In addition, Inmarsat and SkyWave will enter into a direct distribution agreement for the supply of satellite capacity to SkyWave on a global basis.

SkyWave’s acquisition of the GlobalWave assets is subject to certain regulatory approvals which are expected to be granted by mid 2009.

Perry Melton, COO of Inmarsat, said: We are investing in Skywave because we see the strong potential from the combined SkyWave and GlobalWave technical leadership in the SLDR market. This investment and partnership with SkyWave fits our strategic commitment to pursue opportunities that leverage our satellite network assets.

Content from our partners
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Financial management can be onerous for CFOs, but new tech is helping lighten the load

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU