Inmarsat, a provider of global mobile satellite communications services, has stated the Company has completed the acquisition of Stratos Global Corporation.
The Company has also signed new distribution agreements with all of its major partners. Trading under the new agreements begins Wednesday. Following last Wednesday's closing, Stratos will become a wholly-owned operating division of the Inmarsat group. Stratos operations will continue to be managed by the existing Stratos management team, reporting directly to Inmarsat at a corporate level. Inmarsat has implemented a fair channel management policy by a segregation of its wholesale and Stratos operating divisions. Inmarsat remains committed to a primarily indirect distribution model through its existing channels to market.