Edition:
United Kingdom

Connect Bidco Agrees Undertakings Regarding Future UK Operations Of Inmarsat


Thursday, 18 Jul 2019 

July 18 (Reuters) - Connect Bidco::STATEMENT RE DEED OF UNDERTAKING.VOLUNTARILY AGREED LEGALLY-BINDING UNDERTAKINGS REGARDING FUTURE UK OPERATIONS OF COMPANY IN RELATION TO INMARSAT DEAL.UNDERTAKEN TO SUPPORT INMARSAT'S CONTINUED ROLE AS A "LEADER IN SPACE SECTOR".UNDERTAKEN TO PROCURE THAT MAJORITY OF KEY STRATEGIC DECISIONS OF BOTH CONNECT, INMARSAT ARE TAKEN IN UK.UNDERTAKEN THAT INMARSAT MAINTAIN IN UK AREAS OF GLOBAL NETWORK OPERATIONS CENTRES IDENTIFIED BY SOS AS IMPORTANT TO REMAIN IN UK. 

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