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Inmarsat ‘not considering’ Thuraya purchase Featured

Inmarsat has refuted reports linking it with a $300m purchase of Thuraya, outlined in an article on the website Spacenews.

{mprestriction ids="2"}The report said that Thuraya was looking to sell to Inmarsat and was believed to have lowered its asking price from an initial figure of $600m, though the story suggests that the revised price of $300m may be too high to entice its potential City Road suitors. In addition, the report notes that the sale of Thuraya to any company outside the UAE would face regulatory hurdles, according to two industry officials referred to in the article.

Digital Ship contacted Inmarsat for comment on these reports, and a spokesperson said that Inmarsat is not considering a deal for the Dubai-based satellite operator. Thuraya was also approached, but offered no comment. 

Thuraya currently has two geosynchronous L-band satellites in operation - one serving Europe, the Middle East and Africa, and the other operating across Asia and Australia. Inmarsat is in the process of finalising its own plans for its next constellation, the I-6 series, with no announcement made yet as to whether this will include replacements for its I-4 L-band network, used to provide FleetBroadband services, or payloads in any other frequency band.{/mprestriction}

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