Inmarsat changes its colours and goes private

From: Telecommunications | Date: May 1, 1999| Author: | Copyright information

LONDON - As scheduled, the satellite organisation, Inmarsat, last month ceased to be an intergovernmental treaty organistion. Its signatories now "shareholders", Inmarsat will take on the roles and obligations of a private company.

Shareholders moved quickly to elect 12 board directors, a chairman and vice chairman. Other board members (Table 1) were selected from Inmarsat's 15 biggest owners, as ranked by investor shares at the end of last year. But conspicuously absent is a representative from Russia's Morsviazsputnik, despite ranking as the ninth largest shareholder. China's Beijing ...

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