June 25, 2018 / 2:31 PM / a year ago

France's Eutelsat says considering offer for Inmarsat

LONDON, June 25 (Reuters) - French satellite group Eutelsat Communications confirmed on Monday it was considering making an offer for its British rival Inmarsat, confirming media reports.

Eutelsat said it was “currently evaluating a possible offer for Inmarsat”, although there was no certainty an offer would be made.

The move comes after Inmarsat said earlier this month it had rejected a takeover approach from EchoStar, a U.S. company which has continued to build a stake in Inmarsat. Inmarsat’s shares were up 4 percent in late trading. (Reporting by Paul Sandle; editing by Kate Holton)

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