Apax, Warburg Pincus agree to buy satellite operator Inmarsat for $3.4b

Apax, Warburg Pincus agree to buy satellite operator Inmarsat for $3.4b

Satellite dishes stand on the roof at Inmarsat Plc's headquarters in London, U.K. Photographer: Chris Ratcliffe/Bloomberg

Funds including Apax Partners and Warburg Pincus placed a $3.4 billion bet on surging demand for inflight broadband, agreeing to buy satellite operator Inmarsat Plc in one of the biggest ever deals to delist a U.K. company.

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