Iridium Enters Agreement To Acquire Satelles; To Pay About $115M For Remaining ~80% Stake In Satelles
Iridium Enters Agreement To Acquire Satelles; To Pay About $115M For Remaining ~80% Stake In Satelles
Satellite Time and Locationwill become a new business line of Iridium, led by Satelles CEO, Dr. Michael O'Connor who will report to Iridium CEO, Matt Desch. Iridium is assuming all rights to the Satelles patent portfolio and anticipates the Iridium STL line of business will generate over $100 million in service revenue per year, by 2030, and additional revenue from equipment and engineering. As long-standing investor in Satelles, Iridium had an ownership stake of around 20 percent from three previous investments in the company. For the remaining approximately 80 percent, Iridium will pay about $115 million, net of cash remaining in the Company, which will be financed through a tack-on to its term loan.
衛星時間和位置將成爲銥星公司的新業務線，由衛星首席執行官邁克爾·奧康納博士領導，他將向銥星首席執行官馬特·德施彙報。Iridium接管了Satelles專利組合的所有權利，並預計到2030年，Iridium STL的業務範圍每年將產生超過1億美元的服務收入，並通過設備和工程獲得額外的收入。作爲Satelles的長期投資者，Iridium在之前對該公司的三次投資中持有約20％的所有權。對於剩餘的大約80％，Iridium將支付約1.15億美元，其中扣除公司剩餘的現金，這筆資金將通過定期貸款的附加資金提供。