Thanks for pointing me to the Inmarsat site...it's changed a lot since my last visit a year ago or so. So, it's now privatized...and plans to go public...as I said, I wish it luck. From the site, we have these financial highlights:
GROUP HIGHLIGHTS
COMMERCIAL
Global Area Network (GAN), the first truly mobile satellite service offering
64kbit/s data rates, launched to excellent reviews.
GAN uniquely offers both Mobile ISDN and Mobile Packet Data services to the
vertical corporate markets.
Investment of US$1.4 billion approved for a new fourth generation satellite
constellation called Inmarsat I-4.
First acquisition provides access into the VSAT fixed satellite market expanding
Inmarsat's overall communications portfolio.
TRANSITION
On April 15, 1999, Inmarsat became the first intergovernmental organization
(IGO) to privatise.
Inmarsat's structure is now better suited to today's competitive business.
FINANCIAL RESULTS
Total space segment revenues, including the period January 1 to April 14,
1999, from Inmarsat as an IGO, were US$406.2 million.
Profit on ordinary activities, including the period January 1 to April 14,
1999, from Inmarsat as an IGO, was US$119.4 million, before taxation and a
provision of US$150.0 million for diminution in the value of the ICO
investment.
As for ICO, sure, it had many partners, but the originator was Inmarsat and it's owners. |
