Reuters reported on February 24th that the Japanese telecommunications group had sold its entire stake in Inmarsat, representing 4.85 per cent of the London-listed company’s share capital.
Reuters says that the 21.74 million shares were sold at 840p, raising approximately £183 million for KDDI.
Inmarsat’s presence in Japan has evolved markedly in recent years on the back of some of its acquisitions.
JSAT MOBILE Communications, an Inmarsat Service Provider, was formed in 2008 as a joint venture between SKY Perfect JSAT Corporation and Stratos. Inmarsat completed its acquisition of the Stratos business in 2009.
Inmarsat distribution partner Globe Wireless also has a presence in the Japanese market and an office in Tokyo, having been granted a Blanket Wireless Radio Station License by the Japanese Ministry of Information and Communications in October 2011.
This licence authorised the company to begin offering Inmarsat FleetBroadband services in Japan and on Japanese registered vessels from that date, before Globe too was acquired by Inmarsat at the end of 2013.