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Stratos Announces Final Regulatory Approval for CIP Arrangement
BETHESDA, MD (December 10, 2007) - Stratos Global Corp. (TSX:SGB) today announced that it has obtained the final regulatory approval required to consummate the arrangement transaction with CIP Canada Investment, Inc. (CIP). The U.S. Federal Communications Commission (FCC) has issued its order approving the transfer of control of licenses from Stratos to an irrevocable trust for which CIP is the sole beneficiary. Stratos shareholders previously approved the arrangement transaction with CIP at a shareholders meeting held on June 12, 2007. Stratos expects to complete the arrangement transaction with CIP in the next five business days.
About Stratos
Stratos is the world's trusted leader for vital communications. Stratos offers the most powerful and extensive portfolio of remote communications solutions including mobile and fixed satellite and microwave services. More than 20,000 customers use Stratos products and industry-leading value-added services to optimize communications performance. Stratos serves U.S. and international government, military, first responder, NGO, oil and gas, industrial, maritime, aeronautical, enterprise, and media users on seven continents and across the world's oceans. Stratos is a wholly-owned subsidiary of Inmarsat plc. For more information, visit www.stratosglobal.com.
About CIP Canada Investment Inc. (CIP)
Communications Investment Partners Limited ("CIP") is a professional investment company incorporated in 2006. The directors of CIP collectively have more than 50 years of experience as directors of and advisors to satellite services companies in both the mobile satellite and fixed satellite services sectors.
For additional information :
Carla Riggs
Director, Corporate Communications
+1 709 748 4857
carla.riggs@stratosglobal.com
