Inmarsat Homes In On Smaller Rival Avanti

Two of the London‎ stock market’s satellite operators are on course to collide in a potential £4bn takeover deal.
Sky News has learnt that Inmarsat (Other OTC: IMASY – news) has approached Avanti Communications (LSE: AVN.L – news) about a transaction that would help to consolidate an industry struggling amid a capacity glut.
The approach from Inmarsat was a preliminary one and talks between the two companies remain at an early stage, according to people close to the