Inmarsat not for sale, CEO says”

WASHINGTON — Inmarsat CEO Rupert Pearce said Thursday the two purchase offers Inmarsat received from EchoStar this summer priced the company too low to take seriously.

Despite signals of interest from satellite fleet operators EchoStar of Englewood, Colorado, and, briefly, Eutelsat of Paris, London-based Inmarsat does not consider itself on the market for others to buy, Pearce told investors.

“We are not for sale,” he said during an Aug. 2 earnings call. “We don’t feel weak about our future, and we don’t feel the need to engage in a merger even with somebody in our industry at this point in time.”


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