Wednesday, July 1, 2009

Inmarsat Completes Investment in Canada's SkyWave Mobile

Inmarsat completed its previously announced strategic investment, long term global distribution agreement and new product development agreement with SkyWave Mobile Communications Inc. of Ottawa, Canada.

Concurrent with this investment, SkyWave has acquired assets relating to the GlobalWave satellite low data rate (SLDR) products and services business from TransCore and entered into a sales distribution relationship with TransCore focusing on the North American trucking and rail segments of the SLDR market, designed to leverage TransCore's substantial presence in those segments.

Inmarsat has acquired 19% in the privately held SkyWave. In addition, Inmarsat and SkyWave have entered into a direct distribution agreement for the supply of satellite capacity to SkyWave on a global basis.