This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Inmarsat FleetBroadband™ Reaches 30,000 Activations

LONDON, June 7, 2012 /PRNewswire/ --

Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communications services, has announced reaching 30,000 active FleetBroadband™ terminals in service.

This milestone was reached with the installation of a FleetBroadband 500™ on Olympic Future, a Greek-flagged crude oil tanker, by Inmarsat's distribution partner OTESAT-Maritel.  Springfield Shipping, the vessel's management company, selected FleetBroadband as part of an integrated communications solution developed by OTESAT-Maritel.  "This solution is an optimal match for our ICT needs, and we are pleased with the comprehensive service offering and first-class support that we have received," said a company spokesperson.

Frank Coles, President of Inmarsat Maritime, said, "This is a significant achievement that yet again demonstrates the high regard and continued demand for FleetBroadband in the maritime industry.  We have now seen more than 4,000 terminals added to our FleetBroadband installed base since the beginning of the year.  Ship owners and managers are attracted to the global reach and reliability of FleetBroadband, and they value the high quality service that they receive from Inmarsat and our partners."

"OTESAT Maritel has been a leading distribution partner for FleetBroadband since its launch, so we are delighted to have activated the 30,000th terminal and help the service reach this major milestone," said George Polychronopoulos, CEO of OTESAT-Maritel.  "Our partnership with Inmarsat has been very successful, bringing together the technical excellence of Inmarsat services with OTESAT Maritel's insight into the global shipping market and our high-quality customer service."

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 employs around 1,500 staff in more than 40 locations around the world, with a presence in the major ports and centres of commerce on every continent. For the year ended 31st December 2011, Inmarsat plc had total revenue of US$1,409 million and an EBITDA of US$854 million.  Inmarsat is listed on the London Stock Exchange (LSE:ISAT.L). For more information, please visit http://www.inmarsat.com.

About OTESAT-Maritel, S. A.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs