TeleGeography Logo

Telenor exits Inmarsat

15 Mar 2006

Norwegian telco Telenor has exited satellite network operator Inmarsat. Telenor says it will book a gain of NOK906.1 million (USD137 million) after selling its remaining 4.6% stake, some 21 million shares, in a share placement on the London stock exchange. Telenor did not specify when the gain would be booked. The Nordic group is one of a group of investors that includes Apax Partners, Permira and Lockheed Martin which have been slowly reducing their combined 50% holding in Inmarsat since its GBP1.1 billion flotation last summer. The four companies placed a combined 16% of Inmarsat, some 74 million shares, yesterday.

Norway, Telenor Group

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.

TeleGeography

TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.