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ISAT Inmarsat Plc

544.40
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Inmarsat Plc LSE:ISAT London Ordinary Share GB00B09LSH68 ORD EUR0.0005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 544.40 544.40 545.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Inmarsat PLC Successful launch of Inmarsat S EAN satellite (5073J)

29/06/2017 7:01am

UK Regulatory


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TIDMISAT

RNS Number : 5073J

Inmarsat PLC

29 June 2017

Inmarsat confirms successful launch of S-band satellite for the European Aviation Network

29 June 2017: Inmarsat (LON: ISAT), the world's leading provider of global mobile satellite communications, has confirmed the successful launch of its S-band satellite (Inmarsat S EAN) for the European Aviation Network (EAN). The launch is a key milestone for Inmarsat's unique EAN service, which is on course to commence commercial service in the second half of 2017.

The Inmarsat S-band satellite, built by France's Thales Alenia Space, was launched on an Ariane 5 rocket by Arianespace at 22:15 BST/17:15 EDT from Kourou in French Guiana. Following satellite separation at 22:43 BST/17:43 EDT, telemetry from the satellite was acquired by Inmarsat's Mingenew Ground Station in Western Australia at 22:50 BST/17:50 EDT.

The launch team from Inmarsat and Thales Alenia Space will now raise the satellite into its geostationary orbit over Europe and the Middle East, at which point the spacecraft will deploy its solar arrays and reflectors, and undergo rigorous payload testing.

Inmarsat's EAN is the world's first dedicated aviation connectivity solution to integrate space-based and ground-based networks to deliver a seamless WiFi experience for airline passengers throughout Europe. Inmarsat's strategic partner, Deutsche Telekom, is well advanced in the construction of the complementary ground network, which will be fully integrated with the S-band satellite to deliver a truly seamless service for Europe's airlines and their passengers.

International Airlines Group (IAG), which includes world renowned airline brands such as British Airways, Iberia, Aer Lingus and Vueling, is confirmed as the launch customer for the new service. IAG has begun equipping its aircraft and aims to have 90% of its short haul fleet complete by early 2019.

The successful launch of the S-band satellite underlines the momentum that Inmarsat is building in the high-speed broadband inflight connectivity (IFC) market, which Inmarsat entered in October 2016 with the commercial introduction of GX Aviation, a worldwide service powered by its Ka-band, Global Xpress satellite constellation.

Inmarsat now has over 1,200 aircraft installations expected under signed contracts for its IFC services. Mandates have been won from leading airlines worldwide including Avianca, Qatar Airways, Deutsche Lufthansa Group, International Airlines Group, Air New Zealand, Singapore Airlines and Norwegian Air Shuttle.

"Inmarsat and its partners have been making very strong progress in the IFC market and the successful launch of our S-band satellite means that the start of our revolutionary European Aviation Network is now just months away, " said Rupert Pearce, CEO, Inmarsat.

"We first announced our plans for EAN in 2014, seeking to take advantage of a visionary and unique commercial and technological opportunity created by the European Commission's DG CONNECT and subsequently supported by Member State telecoms regulators. It is a testament to the continued support of European Institutions and national regulatory authorities, the hard work of multiple teams across Inmarsat and the commitment of our vital strategic partners, including Deutsche Telekom, Thales Alenia Space, Thales Aviation, Cobham and Arianespace, that we now stand on the threshold of a new aviation WiFi service that will transform the experience of passengers flying throughout Europe.

"Although Inmarsat is a relatively new entrant into the high-speed aviation passenger broadband market, we have secured commitments for our IFC services from major airlines in Europe and across the world. Their confidence underlines the strength of Inmarsat's IFC strategy and the long-term, scalable capabilities of our two core IFC networks - GX Aviation and EAN. We are focused on delivering the most reliable, seamless connectivity services to airlines and remain the only major provider to deliver guaranteed performance commitments."

ENDS

For further information

   Investors                                                      Media 
   Rob Gurner                                           Jonathan Sinnatt/Mary Whenman 
   +44 (0)20 7728 1518                              +44 (0)20 7728 1935/1492 
   Rob.gurner@inmarsat.com                       press@inmarsat.com 

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 operates 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 (ISAT.L). For more information, please visit www.inmarsat.com.

The Inmarsat press release newsfeed and corporate updates are on @InmarsatGlobal.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

June 29, 2017 02:01 ET (06:01 GMT)

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