Tag: Iridium Communications
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Rocket Lab Raises $1.94 Billion to Fully Finance Iridium Acquisition
Rocket Lab has completed a $1.944 billion equity offering and secured lender consent to retain Iridium Communications’ existing term loan after its planned acquisition. Together with available cash, those steps provide sufficient funding for the transaction’s cash payments, specified debt repayments and closing costs. Rocket Lab has terminated a $3.6 billion bridge financing commitment, removing…
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Amazon LEO Signs Maritime Resellers as Satellite Approval Expands Ocean Coverage
Amazon’s low Earth orbit satellite service, often referred to as Amazon LEO, has signed new reseller agreements with maritime providers to expand high-speed internet access across global shipping routes, positioning the company against established rivals in the sector. The agreements with Dubai-based ELCOME and Florida-based MTN will extend connectivity to merchant shipping, offshore operations, fishing…