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Inmarsat, RigNet agree to settle arbitration case

Monday 24 June 2019 | 13:54 CET | News
Inmarsat entered into a settlement deal with RigNet concerning all the claims in respect of the arbitration case at the International Centre for Dispute Resolution relating to Inmarsat's GX Take-or-Pay contract with RigNet. RigNet agreed to pay a final settlement of USD 50.75 million to Inmarsat. The settlement will be paid in three installments, the first two of which will total USD 50.0 million, to be paid before the middle of July.

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Categories: Broadcast & Satellite
Companies: Inmarsat / RigNet
Countries: World
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