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Satellite communications company Inmarsat said it had entered into a full settlement agreement with RigNet that would see Inmarsat paid $50.8m
The settlement regarded all claims in respect of an arbitration case at the International Centre for Dispute Resolution relating to Inmarsat's GX Take-or-Pay contract with RigNet.
The $50.8m settlement would be paid to Inmarsat in three instalments, the first two of which would total $50.0m, to be paid before the middle of July 2019.
At 1:44pm: (LON:ISAT) Inmarsat PLC share price was -1.4p at 543.4p