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Date/Time	Headline	Source
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Tue 10:03	Inmarsat PLC - Holding(s) in Company	RNS
RNS Number : 6221C Inmarsat PLC 17 November 2009 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii): Inmarsat plc 2. Reason for the notification (please state Yes/No): ( ) An acquisition or disposal of voting rights: ( ) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : (X) Internal reorganization of the Harbinger Capital Partners group 3. Full name of person(s) subject to the notification obligation (iii): HARBINGER CAPITAL PARTNERS LLC IN ITS CAPACITY AS INVESTMENT ADVISER TO (I) HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD. AND (II) HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P. HGW GP, LTD. AS GENERAL PARTNER OF HGW HOLDING COMPANY, L.P. 4. Full name of shareholder(s) (if different from 3.) (iv): HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD.; HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P.; AND HGW HOLDING COMPANY, L.P. 5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v): 12 November 2009 6. Date on which issuer notified: 16 November 2009 7. Threshold(s) that is/are crossed or reached: 28% 8. Notified details: A: Voting rights attached to shares viii, xi `Class/type of shares if Situation previous to the Triggering Resulting situation after the triggering event` `possible using the ISIN CODE transaction` `Number of shares Number of voting Number of shares Number of voting rights % of voting rights x` `rights` `Direct xi Indirect xii Direct Indirect` `GB00B09LSH68 129,277,349 129,277,349 129,277,349 28.13%` B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial instrument Expiration Date xiii Exercise/Conversion Number of voting % of voting rights` `Period/ Date xiv rights that may be` `acquired if the` `instrument is` `exercised/` `converted.` N/A N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction `Type of financial instrument Exercise price Expiration Date xvii Exercise/ Conversion Number of voting % of voting rights` `Period/ Date xviii rights instrument xix, xx` `refers to` `Nominal Delta` `Inmarsat plc US$287,700,000 US$12.6940 16 November 2017 From 31 December 992,594` `1.75% Convertible Bonds due 2007 to 9 November 0.22%` 2017 2017 Total (A+B+C) Number of voting rights % of voting rights `130,269,943 28.35%` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): Harbinger Capital Partners LLC serves as investment adviser to (i) Harbinger Capital Partners Master Fund I, Ltd. and (ii) Harbinger Capital Partners Special Situations Fund, L.P. The managing member of Harbinger Capital Partners LLC is Harbinger Holdings, LLC, which is in turn controlled by Philip A. Falcone. HGW GP, Ltd, is the general partner of HGW Holding Company, L.P. HGW GP, Ltd. is controlled by Philip A. Falcone. Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: N/A 12. Date on which proxy holder will cease to hold voting rights: N/A 13. Additional information: N/A `14. Contact name: Alison Horrocks` `15. Contact telephone number: 020 7728 1626` This information is provided by RNS The company news service from the London Stock Exchange END HOLFFFFSWSUSESF More
13-11-09	BRIEF-Inmarsat says has priced notes due Dec. 1 2017	AFX UK Focus
LONDON, Nov 13 (Reuters) - Inmarsat plc: HAS PRICED ITS OFFERING OF 73/8% SENIOR NOTES DUE 1 DECEMBER 2017 ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
13-11-09	Inmarsat PLC - Inmarsat Announces Pricing of Senior Notes	RNS
RNS Number : 4595C Inmarsat PLC 13 November 2009 This press release may not be published, distributed or transmitted in or into the United States, Australia, Canada or Japan. Inmarsat Announces Pricing of Senior Notes Friday, 13 November 2009: Inmarsat plc (LSE: ISAT), following Monday's announcement of commencement of the offering, today announces that its wholly-owned subsidiary company Inmarsat Finance plc yesterday priced its offering of 73/8% senior notes due 1 December 2017. The new notes will be sold to non-U.S. persons outside the United States pursuant to Regulation S and in the United States to qualified institutional buyers pursuant to Rule 144A, or another available exemption under the U.S. Securities Act of 1933. These new notes will be guaranteed on a senior basis by Inmarsat Group Limited, and on a senior subordinated basis by Inmarsat Investments Limited and certain of its subsidiaries. The aggregate principal amount of the new notes being issued is U.S.$650 million, which, through a series of steps, will be used to redeem the entire principal amount of U.S.$160 million outstanding under Inmarsat Finance plc's 75/8% senior notes due 2012 and the entire principal amount of U.S.$450 million outstanding under Inmarsat Finance II plc's 103/8% senior discount notes due 2012, and to pay the associated note redemption premia and the fees and expenses of the new notes offering. Accordingly, notices were issued yesterday in connection with the redemptions of these outstanding notes. The offering of new notes is due to settle on or around 27 November 2009. * * This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein. The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933 (the "Securities Act"), and may not be offered or sold in the United States absent registration under the Securities Act or pursuant to an exemption from the registration requirements under the Securities Act. There will be no public offering of the securities in the United States. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may be lawfully communicated, falling within Article 49(2) (a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Certain statements in this announcement constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from those projected in the forward-looking statements. These factors include: general economic and business conditions; changes in technology; timing or delay in signing, commencement, implementation and performance of programmes, or the delivery of products or services under them; structural change in the satellite industry; relationships with customers; competition; and ability to attract personnel. You are cautioned not to rely on these forward-looking statements, which speak only as of the date of this announcement. We undertake no obligation to update or revise any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances. Contact: Inmarsat, London, UK `Investor Enquiries Media Enquiries` `Simon Ailes Christopher McLaughlin` `+44 20 7728 1518 +44 20 7728 1015` simon_ailes@inmarsat.com christopher_mclaughlin@inmarsat.com This information is provided by RNS The company news service from the London Stock Exchange END MSCIIFSFLLLVLIA More
12-11-09	New Issue-Inmarsat Finance sells $650 mln in 8-yr notes	AFX UK Focus
Nov 12 (Reuters) - Inmarsat Finance on Thursday sold $650 million of senior unsecured notes in the 144a private placement market, said IFR, a Thomson Reuters service. Credit Suisse, Barclays, BNP Paribas and RBS were the joint bookrunning managers for the sale. BORROWER: INMARSAT FINANCE `AMT $650 MLN COUPON 7.375 PCT MATURITY 12/1/2017` `TYPE SR NTS ISS PRICE 99.256 FIRST PAY 6/1/2010` `MOODY'S Ba2 YIELD 7.50 PCT SETTLEMENT 11/27/2009` `S&P BB-PLUS SPREAD 428 BPS PAY FREQ SEMI-ANNUAL` FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS Keywords: INMARSAT DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886; e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
10-11-09	Inmarsat PLC - Total Voting Rights	RNS
RNS Number : 2611C Inmarsat PLC 10 November 2009 10 November 2009 Inmarsat plc - Voting Rights and Capital In conformity with the Transparency Directive's transitional provision 6, we would like to notify the following: Inmarsat plc's capital today consists of 459,554,229 ordinary shares with voting rights. Inmarsat plc holds no ordinary shares in Treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Inmarsat plc under the FSA's Disclosure and Transparency Rules. For further information contact: Alison Horrocks - 020 7728 1626 Inmarsat plc Registered in England and Wales. Company No. 4886072 Registered Office: 99 City Road, London EC1Y 1AX This information is provided by RNS The company news service from the London Stock Exchange END TVRURAKRKSRAARA More
09-11-09	EURO BONDS-Alcatel, Investor AB, Inmarsat	AFX UK Focus
LONDON, Nov 9 (Reuters) - News, details on corporate bond issues in the European markets on Monday: ALCATEL-LUCENT `Roadshow: The Paris-based company is to hold a non-deal roadshow that will end on Tuesday, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.` `Managing banks: Bank of America Merrill Lynch, Credit Suisse.` INVESTOR AB `Issue: Preparing possible 12-year bond issue, with launch potentially on Tuesday, as reported by IFR, which cited market sources.` `On Oct. 29 Reuters reported the company's tender for any and all of its 535 million euro bond due in 2012.` `Refinancing thought possible following investor meetings.` `NRW.BANK - priced` `Issue: plans two-year 2 billion euro ($3 billion) bond, guaranteed by the State of North-Rhine Westphalia, IFR said.` `Guidance: final mid-swaps minus 7 basis points -` `Managing banks: Commerzbank, DZ Bank, HSBC, Natixis, Royal Bank of Scotland and Unicredit.` `Ratings: Moody's Aa1, S&P AA-, Fitch AAA` INMARSAT FINANCE PLC `Issue: plans to launch a $650 million, eight-year bond, non-callable for four years and guaranteed by Inmarsat Group Ltd and Inmarsat Investments Ltd, following a European and U.S. roadshow starting on Tuesday, the company said. Proceeds to be used to refinance two series of existing notes due 2012.` `Managing banks: Credit Suisse, Barclays, BNP Paribas, Royal Bank of Scotland, Calyon, ING, Royal Bank of Canada, Daiwa, Lloyds and Natixis.` `Ratings on notes: Moody's Ba2, S&P BB+` `COCA-COLA HELLENIC BOTTLING CO - priced` `Issue: 300 million euro seven-year bond, as reported by IFR.` `Guidance: mid-swaps plus 110 to 115 basis points` `Managing banks: Bank of America-Merrill Lynch, Citigroup and Goldman Sachs` `Rating: S&P A` BANCO ESPIRITO SANTO `Issue: plans euro-denominated benchmark covered bond backed by mortgages, as reported by IFR.` `Managing banks: Bank of America-Merrill Lynch, BESI, Calyon, HSBC and LBBW` `(London Corporate Finance: +44 207 542 8389)` ($1=.6678 Euro) Keywords: BOND ISSUES/ COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
09-11-09	Moody's upgrades Inmarsat's CFR ratings to Ba1	AFX UK Focus
Reuters has stopped distributing the full text of Moody's Investors Service press releases on ratings actions, effective April 1, 2009. The text of this Moody's Investor Service rating is available at www.moodys.com. COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
09-11-09	EURO BONDS-NRW.Bank, Inmarsat, Coca-Cola HBC, BES	AFX UK Focus
LONDON, Nov 9 (Reuters) - News, details on corporate bond issues in the European markets on Monday: `NRW.BANK` `Issue: plans two-year 2 billion euro ($3 billion) bond, guaranteed by the State of North-Rhine Westphalia, as reported by IFR Markets, a Thomson Reuters online news and market analysis service.` `Guidance: final mid-swaps minus 7 basis points` `Managing banks: Commerzbank, DZ Bank, HSBC, Natixis, Royal Bank of Scotland and Unicredit.` `Ratings: Moody's Aa1, S&P AA-, Fitch AAA` INMARSAT FINANCE PLC `Issue: plans to launch a $650 million, eight-year bond, non-callable for four years and guaranteed by Inmarsat Group Ltd and Inmarsat Investments Ltd, following a European and U.S. roadshow starting on Tuesday, the company said. Proceeds to be used to refinance two series of existing notes due 2012.` `Managing banks: Credit Suisse, Barclays, BNP Paribas, Royal Bank of Scotland, Calyon, ING, Royal Bank of Canada, Daiwa, Lloyds and Natixis.` `Ratings: Moody's Ba3, S&P BB+` COCA-COLA HELLENIC BOTTLING CO `Issue: 300 million euro seven-year bond, as reported by IFR.` `Guidance: mid-swaps plus 110 to 115 basis points` `Managing banks: Bank of America-Merrill Lynch, Citigroup and Goldman Sachs` `Rating: S&P A` BANCO ESPIRITO SANTO `Issue: plans euro-denominated benchmark covered bond backed by mortgages, as reported by IFR.` `Managing banks: Bank of America-Merrill Lynch, BESI, Calyon, HSBC and LBBW` `(London Corporate Finance: +44 207 542 8389)` ($1=.6678 Euro) Keywords: BOND ISSUES/ COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
09-11-09	STOCKS NEWS UK-Inmarsat rises on strong Q3 earnings	AFX UK Focus
`STOCKS NEWS Reuters Results diary` `Europe Real-time Equity News` `UK Stocks on the move` `UK smallcaps UK smallcaps news` `10:26GMT 09Nov2009-Inmarsat rises on strong Q3 earnings` ------------------------------------------------------- `Shares in Inmarsat soar as much as 6.6 percent to a four-year high, after the satellite communications firm posts better-than-expected earnings for the third quarter, driven by strong demand for broadband services on ships.` "Q3 results are excellent, with core revenues up 8.7 percent year-on-year and EBITDA a frankly astonishing 9.3 percent higher than consensus," says Investec analyst Jonathan Groocock, who expects to raise his group bottom-line forecast by about 10 percent. `Shares are up 4.96 percent to 624 pence, the biggest gainer on the FTSE 100.` `For more, click on` Reuters Messaging: rm://paul.sandle.reuters.com@reuters.net `10:06GMT 09Nov2009-Pru rises on Axa, Allianz cheer` -------------------------------------------------- `Shares in Britain's largest insurer Prudential rise as much as 5.4 percent to 609 pence, the second biggest gainer on the FTSE 100, on AXA's decision to buy out its Asian assets and forecast beating earnings from Europe's largest insurer Allianz.` `One trader says Axa's move: "underlies the value of Prudential's own Asian businesses".` `Shares in Prudential are up 4.2 percent, and Allianz stock are up 4.7 percent while shares in Paris-based Axa are down 1.3 percent as its plans for a 2 billion euro ($3 billion) rights issue took the shine off the shares.` `For more information, please click on` Reuters Messaging rm://clara.ferreira-marques.reuters.com@reuters.net `09:38GMT 09Nov2009-Barclays, HSBC nudge up, Q3 seen strong` ---------------------------------------------------------- `Barclays and HSBC shares nudge higher, aided by optimism Britain's top two banks will join rivals in unveiling strong investment banking to power robust trading updates on Tuesday.` `Barclays said last week that Q3 profit "was consistent with the run rate" for the first half of the year, pointing to a quarterly profit of about 1.5 billion pounds.` `JPMorgan forecasts Barclays Capital will report "clean revenues" of 4.4 billion pounds in Q3, down from 5.5 billion in the previous quarter but "still strong".` `HSBC had record investment banking profits in the first-half and should also benefit from firm capital markets activity. The main focus of its Q3 trading update, however, will be trends in its U.S. bad debts, and Credit Suisse analysts predict they will peak in H2. HSBC could see about $3 billion of negative fair value on the value of its own debt in Q3.` `Barclays releases its update at 0700 GMT and HSBC will be around 0815 GMT.` `Barclays shares rise 2.6 percent to 345.1 pence and HSBC adds 0.5 percent to 686.4p, alongside a 1.5 percent rise by the DJ STOXX European bank index . Barclays is up 7 percent this month and HSBC has added 2 percent, while the index has gained 3 percent.` `For a story on European investment bank trends click on and for a banks preview click on.` Reuters Messaging rm://steve.slater.reuters.com@reuters.net `09:27GMT 09Nov2009-FTSE small caps up 0.6 pct early on` ------------------------------------------------------ `The FTSE Small Cap Index gains 0.6 percent in early trade, taking its cue from the wider UK market where the FTSE 100 and FTSE 250 add 0.9 percent each.` `British sausage-skin maker Devro Plc tops the small-cap risers, up 6.8 percent after saying it expects to post a profit for the full-year ending Dec. 31 ahead of market forecasts as demand for edible collagen remained strong, and would invest in additional capacity in 2010.` `Software maker Inspired Gaming falls 7 percent as the company proposes a share capital reorganisation and says trading for the 52 weeks to Sept. 26 is inline with expectations, although it remains cautious about customer trends.` Reuters Messaging rm://david.brett.reuters.com@reuters.net `08:45GMT 09Nov2009-IMI jumps on earnings upgrade` ------------------------------------------------ `IMI shares jump 11 percent to a 14-month high of 510 pence after the British manufacturer says it will beat 2009 earnings expectations, boosting by switching more production to cheaper economies and lower metal prices.` `Citi analysts raise their 2009 earnings per share forecast by 10 percent to 41.6 pence, not including a one-off pension gain of 2 pence.` `"IMI is on an unchallenging P/E (price to earnings ratio) of 11 time 2009 estimates ... versus a 20-year average P/E of 12 times, implying no EPS growth from here. This looks an overly conservative valuation and we reiterate our 'Buy' rating," they say in a research note.` `For more information please click on` Reuters Messaging: rm://mark.potter.reuters.com@reuters.net `08:23GMT 09Nov2009-Cadbury edges up ahead of Kraft deadline` ----------------------------------------------------------- `Cadbury shares edge up 0.5 percent to 761-1/2 pence in early trade as the 1700 GMT Monday deadline approaches for Kraft to make its formal takeover bid for the British confectionery group or walk away for six months.` `Kraft made its initial cash and shares approach for Cadbury at 745p a share, or 10.2 billion pounds, in early September, but the fall in Kraft shares and the dollar now make the offer currently worth 714p.` `"We expect Kraft to formalise its bid today, but few expect a knockout bid and this battle could go on well into 2010," said one analyst.` `For more information please click on` Reuters messaging rm://david.jones.reuters.com@reuters.net Keywords: MARKETS UK STOCKSNEWS/ COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
09-11-09	EURO BONDS-Inmarsat, Coca-Cola HBC, BES, NRW.Bank	AFX UK Focus
LONDON, Nov 9 (Reuters) - News, details on corporate bond issues in the European markets on Monday: INMARSAT FINANCE PLC `Issue: plans to launch a $650 million, eight-year bond, non-callable for four years, after a European and U.S. roadshow starting on Tuesday, as reported by IFR Markets, a Thomson Reuters online news and market analysis service. Proceeds to be used to refinance existing debt.` `Managing banks: Credit Suisse, Barclays, BNP Paribas, Royal Bank of Scotland, Calyon, ING, Royal Bank of Canada, Daiwa, Lloyds and Natixis.` `Ratings: Moody's Ba3, S&P BB+` COCA-COLA HELLENIC BOTTLING CO `Issue: 300 million euro seven-year bond, as reported by IFR.` `Guidance: mid-swaps plus 110 to 115 basis points` `Managing banks: Bank of America-Merrill Lynch, Citigroup and Goldman Sachs` `Rating: S&P A` BANCO ESPIRITO SANTO `Issue: plans euro-denominated benchmark covered bond backed by mortgages, as reported by IFR.` `Managing banks: Bank of America-Merrill Lynch, BESI, Calyon, HSBC and LBBW` `NRW.BANK` `Issue: plans two-year benchmark euro bond, guaranteed by the State of North-Rhine Westphalia, as reported by IFR.` `Guidance: mid-swaps minus 7 basis points area` `Managing banks: Commerzbank, DZ Bank, HSBC, Natixis, Royal Bank of Scotland and Unicredit.` `Ratings: Moody's Aa1, S&P AA-, Fitch AAA` `(London Corporate Finance: +44 207 542 8389)` Keywords: BOND ISSUES/ COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
09-11-09	Inmarsat PLC - Q3 results for subsidiary company	RNS
RNS Number : 1630C Inmarsat PLC 09 November 2009 Inmarsat Holdings Limited Reports Third Quarter 2009 Results London, UK: 9 November 2009. Inmarsat Holdings Limited, a wholly-owned subsidiary of Inmarsat plc (LSE: ISAT), the leading provider of global mobile satellite communications services, today reported unaudited consolidated financial results for the 3 months ended 30 September 2009. A copy of the financial reports for both Inmarsat Holdings Limited and Inmarsat Group Limited for the third quarter can be accessed via the investor relations section of our website. Copies of these financial reports will also be furnished to the SEC later today on form 6-K. Q3 Highlights - Inmarsat Holdings Limited REVENUE UP 8.7% TO $176.7M (2008: $162.5M) EBITDA UP 18.4% TO $133.0M (2008: $112.3M) PROFIT AFTER TAX UP 33.5% TO $50.2M (2008: $37.6M) FREE CASH FLOW UP 90.6% TO $102.9M (2008: $54.0M) ANDREW SUKAWATY EXTENDS CEO TERM FOR TWO YEARS $500M SENIOR CREDIT FACILITY REFINANCING COMPLETED Andrew Sukawaty, Inmarsat's Chairman and Chief Executive Officer said, "These third quarter results show that we are continuing to achieve growth in all our MSS markets despite the economic downturn. In addition, our cost control and reduced capital expenditure needs are contributing respectively to strong EBITDA growth, up 18.4%, and a substantial increase in free cash flow, up over 90%, year over year. In addition we are seeing the benefits of improved terms with our distributors, following the implementation of new agreements in April 2009. We are well positioned to deliver on our targets for the full year." Mobile Satellite Services Third quarter maritime sector revenue grew by 9.2%, principally driven by data services, which grew by 13.1%. Our maritime revenue growth was dominated by demand for our Fleet and FleetBroadband services, supported by resilient usage levels on older services, such as Inmarsat-B. Contributing to growth in active terminals of 12.0%, we saw strong sales of our Fleet and FleetBroadband terminals, with the third quarter being the strongest quarter of net additions in the year and with FleetBroadband sales more than double sales of Fleet in the quarter. Our land mobile sector revenue was up 4.0%, a stronger performance when compared sequentially to the second quarter. Land mobile revenue growth was driven by BGAN, where ARPU was at the highest level of the year at $274 per month. Land mobile revenue also benefitted from growth in low data rate services, resulting from our partnership with SkyWave. Our third quarter aeronautical sector revenue grew by 10.1%. Sales of SwiftBroadband terminals were strong in the quarter and exceeded sales of Swift 64 for the first time. SwiftBroadband usage levels are steadily increasing and we are pleased with the early stage development of this service. SwiftBroadband continues to see orders related to the introduction of in-flight cellular services on commercial airlines. In September, British Airways launched a London to New York service equipped with our SwiftBroadband service to support in-flight passenger services. Our leasing revenue increased by 29.6% in the third quarter, reflecting new leasing business and the expansion of certain aeronautical leasing business. Liquidity At 30 September 2009, Inmarsat Holdings Limited had net borrowings of $879.9m, incorporating borrowings of $1,028.2m and cash of $148.3m. Inmarsat Holdings Limited also had a revolving credit facility with an amount available but undrawn at the end of the quarter of $160.0m. Net borrowings reported by Inmarsat Holdings Limited exclude the net borrowings of Inmarsat plc and Stratos Global Corporation and its subsidiaries. At the end of the third quarter 2009, our ratio of net borrowings to our last twelve months EBITDA was 1.8 to 1.0. We continue to generate significant free cash flow and believe our liquidity is adequate to meet the group's needs. Results announced today Inmarsat Holdings Limited, through its subsidiary Inmarsat Finance II plc, is the issuer of $450.0m of 10.375% Senior Discount Notes due 2012. Inmarsat Group Limited, through its subsidiary Inmarsat Finance plc, is the issuer of $160.4m of 7.625% Senior Notes due 2012. Both Inmarsat Holdings Limited and Inmarsat Group Limited are required by the terms of the notes outstanding to report quarterly financial results. Inmarsat plc is the ultimate parent company of the Inmarsat group. On 15 April 2009 Stratos Global Corporation ("Stratos") became an indirect wholly-owned subsidiary of Inmarsat plc. A copy of the financial reports for both Inmarsat Holdings Limited and Inmarsat Group Limited for the third quarter can be accessed via the investor relations section of our website. Copies of these financial reports will also be furnished to the SEC later today on form 6-K. On 8 November 2009 Stratos announced results for the third quarter ended 30 September 2009 and these results can be accessed via the Inmarsat or Stratos websites. Other Information Inmarsat management will host a conference call on Monday, 9 November at 2:00pm London time (United States 9:00am EST). To access the call, please dial +44 (0)20 7162 0025 and enter the access code 849263. A recording of the call will be available for one week after the event. To access the recording please dial +44 (0)20 7031 4064 and enter the access code 849263. The call will also be available by webcast accessible via the investor relations section of our website. Inmarsat Holdings Limited `Revenue Breakdown Third quarter ended 30 September` `2009 2008 % Difference` `Revenues (US$ in millions)` Maritime sector: `voice services 25.9 25.7 0.8%` `data services 63.2 55.9 13.1%` `Total maritime sector 89.1 81.6 9.2%` Land mobile sector: `voice services 1.8 2.8 (35.7%)` `data services 37.0 34.5 7.2%` `Total land mobile sector 38.8 37.3 4.0%` `Aeronautical sector 19.7 17.9 10.1%` `Leasing 26.7 20.6 29.6%` `Total mobile satellite communications 174.3 157.4 10.7%` services `Other income 2.4 5.1 (52.9%)` `Total revenue 176.7 162.5 8.7%` `Active Terminal Data Third quarter ended 30 September` `2009 2008 % Difference` `Active terminals (1) (000's)` `Maritime 169.6 151.4 12.0%` `Land mobile 73.6 80.4 (8.5%)` `Aeronautical 10.8 9.8 10.2%` `Total active terminals 254.0 241.6 5.1%` (1) Active terminals are the number of subscribers or terminals that have been used to access commercial services (except certain SPS terminals) at any time during the preceding twelve-month period and registered at 30 September. Active terminals also include the average number of certain SPS terminals active on a daily basis during the period. We have previously referred to SPS terminals as ACeS handheld terminals. Active terminals exclude our terminals (Inmarsat D+ and Isat M2M) used to access our Satellite Low Data Rate (SLDR) or telemetry services. At 30 September 2009, we had 231,486 SLDR terminals. Inmarsat Holdings Limited `Consolidated Profit and Loss Account Third quarter ended 30 September` `2009 2008 % Difference` `(US$ in millions)` `Revenue 176.7 162.5 8.7%` `Employee benefit costs (25.0) (28.8) (13.2%)` `Network and satellite operations costs (10.1) (9.9) 2.0%` `Other operating costs (13.5) (17.6) (23.3%)` `Work performed by the Group and capitalized 4.9 6.1 (19.7%)` `EBITDA 133.0 112.3 18.4%` `Depreciation and amortization (44.5) (42.0) 6.0%` `Operating profit 88.5 70.3 25.9%` `Interest receivable and similar income 1.0 4.6 (78.3%)` `Interest payable and similar charges (19.5) (21.4) (8.9%)` `Net interest payable (18.5) (16.8) 10.1%` `Profit before income tax 70.0 53.5 30.8%` `Income tax expense (19.8) (15.9) 24.5%` `Profit for the period 50.2 37.6 33.5%` `Inmarsat Holdings Limited As at As at` `Consolidated Balance Sheet 30 September 31 December` 2009 2008 `(US$ in millions)` `Non-current assets 1,858.6 1,858.7` `Current assets` `Inventories 2.3 5.0` `Trade and other receivables 177.0 229.1` `Cash and cash equivalents 148.3 51.2` `Derivative financial instruments 9.8 1.1` `Total current assets 337.4 286.4` `Total assets 2,196.0 2,145.1` Current liabilities `Loans and other borrowings (374.9) (205.9)` `Other payables and provisions (219.9) (169.6)` `Non-current liabilities` `Loans and other borrowings (643.6) (833.3)` `Other payables and provisions (90.1) (79.3)` `Total liabilities (1,328.5) (1,288.1)` `Net assets and shareholders' funds 867.5 857.0` Forward-looking Statements Certain statements in this announcement constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from those projected in the forward-looking statements. These factors include: general economic and business conditions; changes in technology; timing or delay in signing, commencement, implementation and performance of programmes, or the delivery of products or services under them; structural change in the satellite industry; relationships with customers; competition; and ability to attract personnel. You are cautioned not to rely on these forward-looking statements, which speak only as of the date of this announcement. We undertake no obligation to update or revise any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances. Contact: Inmarsat, London, UK Investor Enquiries Simon Ailes, +44 20 7728 1518 simon_ailes@inmarsat.com Media Enquiries Christopher McLaughlin, +44 20 7728 1015 christopher_mclaughlin@inmarsat.com This information is provided by RNS The company news service from the London Stock Exchange END MSCKDLFBKFBFFBK More
09-11-09	Inmarsat PLC - Interim Management Statement	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 1631C Inmarsat PLC 09 November 2009 Inmarsat plc Interim Management Statement London, UK: 9 November 2009. Inmarsat plc (LSE: ISAT), the leading provider of global mobile satellite communications services, is today publishing an Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules. Inmarsat Holdings Limited, a wholly owned subsidiary, today reported unaudited consolidated financial results for the three and nine months ended 30 September 2009. A copy of the press release for these results has been submitted via RNS. A copy of the Inmarsat Holdings Limited financial report can be accessed via the Investor Relations section of our website at www.inmarsat.com. Stratos Global Corporation, an entity included within the consolidated financial results of Inmarsat plc since 11 December 2007, announced financial results for the third quarter ended 30 September 2009 on 8 November 2009. A copy of the press release and financial report can be accessed via their website at www.stratosglobal.com. Inmarsat plc further reported that, other than disclosed in the above-mentioned reports, there have been no material events or transactions that have taken place in the IMS reporting period. Forward-looking Statements Certain statements in this announcement constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from those projected in the forward-looking statements. These factors include: general economic and business conditions; changes in technology; timing or delay in signing, commencement, implementation and performance of programmes, or the delivery of products or services under them; structural change in the satellite industry; relationships with customers; competition; and ability to attract personnel. You are cautioned not to rely on these forward-looking statements, which speak only as of the date of this announcement. We undertake no obligation to update or revise any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances. Contact: Inmarsat, London, UK Investor Enquiries Simon Ailes, +44 20 7728 1518 simon_ailes@inmarsat.com Media Enquiries Christopher McLaughlin, +44 20 7728 1015 christopher_mclaughlin@inmarsat.com This information is provided by RNS The company news service from the London Stock Exchange END IMSBRBLTMMTMBFL More
09-11-09	Inmarsat PLC - Inmarsat Announces Senior Notes Offering	RNS
RNS Number : 1645C Inmarsat PLC 09 November 2009 This press release may not be published, distributed or transmitted in or into the United States, Australia, Canada or Japan. Inmarsat Announces Senior Notes Offering Monday, 9 November 2009: Inmarsat plc (LSE: ISAT) today announces that its wholly-owned subsidiary company Inmarsat Finance plc has commenced an offering of senior notes due November 2017 to non-US persons outside the United States pursuant to Regulation S and in the United States to qualified institutional buyers pursuant to Rule 144A under the US Securities Act of 1933. These new notes will be guaranteed on a senior basis by Inmarsat Group Limited, and on a senior subordinated basis by Inmarsat Investments Limited and certain of its subsidiaries. The aggregate principal amount of the new notes being offered is expected to be US$650 million, which, through a series of steps, will be used to redeem the entire principal amount of US$160 million outstanding under Inmarsat Finance plc's 7 5/8% senior notes due 2012 and the entire principal amount of US$450 million outstanding under Inmarsat Finance II plc's 10 3/8% senior discount notes due 2012, and to pay the associated note redemption premia and the fees and expenses of the new notes offering. * * This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein. The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933 (the "Securities Act"), and may not be offered or sold in the United States absent registration under the Securities Act or pursuant to an exemption from the registration requirements under the Securities Act. There will be no public offering of the securities in the United States. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may be lawfully communicated, falling within Article 49(2) (a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Certain statements in this announcement constitute "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from those projected in the forward-looking statements. These factors include: general economic and business conditions; changes in technology; timing or delay in signing, commencement, implementation and performance of programmes, or the delivery of products or services under them; structural change in the satellite industry; relationships with customers; competition; and ability to attract personnel. You are cautioned not to rely on these forward-looking statements, which speak only as of the date of this announcement. We undertake no obligation to update or revise any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances. Contact: Inmarsat, London, UK `Investor Enquiries Media Enquiries` `Simon Ailes Christopher McLaughlin` `+44 20 7728 1518 +44 20 7728 1015` simon_ailes@inmarsat.com christopher_mclaughlin@inmarsat.com This information is provided by RNS The company news service from the London Stock Exchange END IODCKFKQCBDDNDK More
28-10-09	Inmarsat PLC - Inmarsat updates the date for Q3 results	RNS
RNS Number : 5158B Inmarsat PLC 28 October 2009 Inmarsat updates the date that it will report results for third quarter ended 30 September 2009 to Monday, 9 November 2009 at 7:00 a.m. London time. Inmarsat Holdings Limited and Inmarsat Group Limited - Updated Information: Date for release of third quarter results 2009 - Monday, 9 November 2009. Inmarsat management will discuss the third quarter results and other financial and business information in a conference call on Monday, 9 November at 2:00p.m. London time, (United States, 9:00 a.m. EST). To access the call please dial +44 (0)20 7162 0025. The conference id for the call is 849263. The call will be recorded and available for one week after the event. To access the recording please dial +44 (0)20 7031 4064 and enter the access code 849263. The call will also be available via a webcast accessible through our website. For further information contact: Inmarsat plc: Laura Furnival +44 20 7728 1206 This information is provided by RNS The company news service from the London Stock Exchange END NORCKFKKBBDDAKB More
23-10-09	UPDATE 1-Inmarsat up on renewed Harbinger interest talk	AFX UK Focus
LONDON, Oct 23 (Reuters) - Shares in British satellite communications firm Inmarsat rose as much as 5.8 percent to a five-month high on Friday, with traders citing market talk of renewed interest from stake holder Harbinger. `U.S. hedge fund Harbinger, which bought a 28 percent stake in Inmarsat in late 2007, had expressed an intention to make an offer for the UK company in July 2008.` `Harbinger said it had no comment. Inmarsat said it did not comment on market speculation.` `More than 1.78 million Inmarsat shares changed hands by 1355 GMT, compared with a daily average of 1.24 million in the past 30 days.` (Reporting by Blaise Robinson, Dominic Lau and Paul Sandle) Keywords: INMARSAT SHARES/ (dominic.lau@reuters.com; +44 20 7542 5440; Reuters Messaging: dominic.lau.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
23-10-09	Inmarsat up on renewed Harbinger interest talk	AFX UK Focus
LONDON, Oct 23 (Reuters) - Shares in British satellite communications firm Inmarsat rose 3.9 percent on Friday, with traders citing market talk of renewed interest from stake holder Harbinger. `U.S. hedge fund Harbinger, which bought a 28 percent stake in Inmarsat in late 2007, had expressed an intention to make an offer for the UK company in July 2008.` `Inmarsat was not immediately available for comment.` `More than 1.66 million of Inmarsat shares changed hands by 1327 GMT, compared with a daily average of 1.24 million in the past 30 days.` (Reporting by Blaise Robinson, Dominic Lau and Paul Sandle) Keywords: INMARSAT SHARES/ (dominic.lau@reuters.com; +44 20 7542 5440; Reuters Messaging: dominic.lau.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
06-10-09	Inmarsat PLC - Additional Listing	RNS
RNS Number : 3258A Inmarsat PLC 06 October 2009 Inmarsat plc 6 October 2009 Application has been made to The UK Listing Authority and the London Stock Exchange for a block listing of 300,000 Ordinary shares of EUR0.0005 each under the Bonus Share Plan, to trade on the London Stock Exchange and to be admitted to the Official List upon issuance. The shares shall rank pari passu with the existing issued shares of the Company. This information is provided by RNS The company news service from the London Stock Exchange END LISMFBJTMMTMBBL More
01-10-09	Inmarsat PLC - Blocklisting Interim Review	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 0517A Inmarsat PLC 01 October 2009 BLOCK LISTING SIX MONTHLY RETURN Information provided on this form must be typed or printed electronically and provided to an ris. Date: 1 October 2009 Name of applicant: Inmarsat plc Name of scheme: The Performance Share Plan Period of return: From: 2 April 2009 To: 1 October 2009 Balance of unallotted securities under scheme(s) from previous return: 139,493 Plus: The amount by which the block scheme(s) has been increased since 0 the date of the last return (if any increase has been applied for): Less: Number of securities issued/allotted under scheme(s) during period 0 (see LR3.5.7G): Equals: Balance under scheme(s) not yet issued/allotted at end of 139,493 period: Name of contact: Jessica Foster Telephone number of contact: 020 7728 1304 This information is provided by RNS The company news service from the London Stock Exchange END BLREAEEFEAENFFE More
01-10-09	Inmarsat PLC - Blocklisting Interim Review	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 0514A Inmarsat PLC 01 October 2009 BLOCK LISTING SIX MONTHLY RETURN Information provided on this form must be typed or printed electronically and provided to an ris. Date: 1 October 2009 Name of applicant: Inmarsat plc Name of scheme: The Bonus Share Plan Period of return: From: 2 April 2009 To: 1 October 2009 Balance of unallotted securities under scheme(s) from previous return: 285,136 Plus: The amount by which the block scheme(s) has been increased since 300,000 the date of the last return (if any increase has been applied for): Less: Number of securities issued/allotted under scheme(s) during period (45,180) (see LR3.5.7G): Equals: Balance under scheme(s) not yet issued/allotted at end of 539,956 period: Name of contact: Jessica Foster Telephone number of contact: 020 7728 1304 This information is provided by RNS The company news service from the London Stock Exchange END BLREAEEFEFNNFFE More
01-10-09	BRIEF-Inmarsat says CEO/Chairman Sukawaty to stay on until Sept 2011	AFX UK Focus
LONDON, Oct 1 (Reuters) - Inmarsat plc: ANDREW SUKAWATY AGREES TO EXTEND TERM OF OFFICE TO EXTEND HIS ROLE AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER UNTIL 30 SEPTEMBER 2011 AND THEN TO MOVE TO THE ROLE OF CHAIRMAN UNTIL AT LEAST 30 SEPTEMBER 2012. ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More

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