{"id":87092,"date":"2010-04-20T21:03:26","date_gmt":"2010-04-20T13:03:26","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/inmarsat-secures-alphasat-financing\/"},"modified":"2010-04-20T21:03:26","modified_gmt":"2010-04-20T13:03:26","slug":"inmarsat-secures-alphasat-financing","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/inmarsat-secures-alphasat-financing\/","title":{"rendered":"Inmarsat Secures Alphasat Financing"},"content":{"rendered":"<p>[04-20-10] <strong>Inmarsat<\/strong> completed an eight-year, 225 million euro ($302.9 million) credit facility from the <strong>European Investment Bank<\/strong> to fund the build and launch of the Alphasat 1-XL satellite, Inmarsat announced April 19.<br \/>\n&nbsp;&nbsp;&nbsp; The EIB financing will rank as a senior secured creditor of Inmarsat subsidiary Inmarsat Investments Ltd. Inmarsat said it expects to make an initial draw down under the facility during the second quarter. <br \/>\n&nbsp;&nbsp;&nbsp; Alphasat 1-XL will be built by <strong>Astrium<\/strong> using an Alphabus platform and will be positioned at 25 degrees East, joining Inmarsat\u2019s fleet of 11 geostationary satellites providng mobile voice and data communications services across Europe, Africa and the Middle East. <strong>Arianespace<\/strong> will launch the satellite in 2012.<br \/>\n&nbsp;&nbsp;&nbsp; Separately, Inmarsat appointed <strong>Beam Communications<\/strong> as the developer, manufacturer and distributor of Inmarsat IsatPhone Pro docking units. Beam will produce vehicular and maritime versions of the docking unit, as well as a version to accommodate indoor use. <br \/>\n&nbsp;&nbsp;&nbsp; The IsatPhone is planned for launch in June 2010.<\/p>\n<h2>Related Stories-<\/h2>\n<p>\n<b class=\"titlelink\">Arianespace to Launch Alphasat 1-XL for Inmarsat<\/b>&nbsp;&nbsp;  \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tMay 21, 2009<br \/>\n[05-21-09] Inmarsat has chosen  Arianespace to launch the Alphasat I-XL communications satellite in  2012, Arianespace announced May 20.  The deal follows an agreement  between Inmarsat and the European Space Agency (ESA) to cooperate\u2026<\/p>\n<p><b class=\"titlelink\">Inmarsat CEO Hails Company s Resilience<\/b>&nbsp;<img loading=\"lazy\" decoding=\"async\" width=\"12\" height=\"14\" align=\"top\" src=\"..\/..\/..\/..\/images\/icon_lock.gif\" alt=\"\">&nbsp;&nbsp; \t\t\tSatellite News&nbsp;&nbsp; \t\t\tMarch 20, 2009<br \/>\n[03-20-09] Inmarsat posted  better-than-expected results in 2008, with pre-tax profits increasing by  more than 50 percent over 2007 to $193.8 million. Inmarsat also  recorded total revenues of $996.7 million in 2008, compared to $576.5\u2026<\/p>\n<p><b class=\"titlelink\">Alphasat Tests Public-Private Partnership Model<\/b>&nbsp;<img loading=\"lazy\" decoding=\"async\" width=\"12\" height=\"14\" align=\"top\" src=\"..\/..\/..\/..\/images\/icon_lock.gif\" alt=\"\">&nbsp;&nbsp; \t\t\tSatellite News&nbsp;&nbsp; \t\t\tNovember 29, 2007<br \/>\n[11-29-07   Satellite News] Satellite  executives are looking to the European Space Agency s (ESA) Alphasat  program to see if public-private partnerships can be effective means of  developing new services and technology in the European space arena. \u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[04-20-10] Inmarsat completed an eight-year, 225 million euro ($302.9 million) credit facility from the European Investment Bank to fund the build and launch of the Alphasat 1-XL satellite, Inmarsat announced April 19. &nbsp;&nbsp;&nbsp; The EIB financing will rank as a senior secured creditor of Inmarsat subsidiary Inmarsat Investments Ltd. Inmarsat said it expects to make [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-87092","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87092"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=87092"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87092\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=87092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=87092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=87092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}