Inmarsat the subject of renewed speculation - market report
10 MAY 2018
Inmarsat [LON:ISAT], a UK-based satellite operator, was on Wednesday, 9 May the subject of new speculation, according to a speculative report in the Financial Times. The newspaper’s market report section did not say what the speculation was nor did it cite a source for the information.
Inmarsat’s share price closed 5p down at 385.8p in London on Wednesday, giving the company a market capitalisation of GBP 1.76bn (EUR 2.01bn).
A Financial Times report on 10 November 2017 said a 7.7% fall in Inmarsat’s share price had prompted renewed talk of a takeover bid from rivals Dish Networks [NASDAQ:DISH] or EchoStar [NASDAQ: SATS]. The newspaper’s market report did not cite a source for the speculation.