Inmarsat sale in jeopardy
Barely a week ago the $6 billion sale of Inmarsat to a consortium with Apax and Warburg Pincus as key players was approved by the UK government. It now emerges that the deal may be in jeopardy.
A relatively small shareholder (2.85 per cent), Oaktree Capital Management, has called for the sale to be halted. Oaktree is arguing that the recommended offer fails to account for the potential value of a key Inmarsat partner in the US, Ligado.
Ligardo is the follow-on company of the failed LightSquared which wanted to build a wireless broadband service. LightSquared went bust following the US communications regulator saying that its services could interfere with GPS signals widely used by the farming industry in the US.
Other investors have emerged who also object to the deal in its current form, Rubic Capital (2.2 per cent holding) and Kite Lake Capital (3.8 per cent) which also say the deal should be halted until the Ligado asset is better understood.
Intelsat’s management and advisers have rejected the move but there will be a routine Court hearing next week as part of the purchase, and the objectors are expected to object to the deal.
The formal acquisition of Inmarsat is being undertaken by Connect Bidco which is a consortium comprising Apax Partners LLP, Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan Board and Warburg Pincus LLP for Inmarsat plc.
The UK Secretary of State for Digital, Culture, Media and Sport, Nicky Morgan, on October 29 announced that she has accepted statutory undertakings from the parties involved in the proposed acquisition of Inmarsat plc by Connect Bidco Limited and that the acquisition will not, therefore, be referred to the Competition and Markets Authority for a phase 2 inquiry under the Enterprise Act 2002.
- CONTRACT- Security engineer AWS | SIEM. OUTSIDE IR35
- Outside IR35
Security engineer AWS | SIEM. CONTRACT OUTSIDE IR35 Deep understanding of AWS Security (Security Hub, Guard duty, Firewall Manager etc) Extensive experience with the development, implementation, monitoring and optimisation of SIEM solutions. Experience working within a cloud migration environment. Additional key experience with Hardening, DevOps, PKI etc Financial Service experience preferred. London Outside IR 35
- Architect | Cyber Security | Public sector Permanent
Architect | Cyber Security | Public sector Permanent Seeking a Security Architect with Public Sector / Cloud Security experience for a lead technical role. Public sector security architecture design experience essential. (MoD) Current project experience delivering HLD / assurance of computer networks / build evaluations. Active Security clearance required. If you are open to hear about a new / exclusive opportunity where you are interested to be more than a number in a company reach out to team today. Chris.email@example.com 07884666351
- CIAM Architect Azure B2C
We are seeking a highly skilled and experienced Azure B2C CIAM Architect for a contract starting on Jan 2024. As an Azure B2C CIAM Architect, you will be responsible for designing, implementing, and deploying an new Azure B2C Solution . Responsibilities: Design and implement an Azure B2C-based CIAM solution that meets the needs of our clients organization. Maintain and support the Azure B2C-based CIAM solution. Provide training and support to our employees on the use of the CIAM solution. Background designing, implementing, and maintaining CIAM solutions. Experience with cloud-based identity and access management (IAM) solutions. Experience with OAuth, OpenID Connect,and SAML. Excellent written and verbal communication skills
- Senior IAM Consultant
- Upto €110,000 depending on level of position
Senior IAM Consultant is needed to help lead and deploy IAM Projects for this expand IAM Consultancy The ideal candidate will have a deep understanding of IAM concepts and technologies, as well as experience in deploying and managing complex IAM solutions. Responsibilities Lead the deployment of IAM solutions for our clients Work with clients to understand their IAM requirements and design solutions that meet their needs Configure and implement IAM solutions using best practices Integrate IAM solutions with other enterprise systems Provide training and support to clients on the use of IAM solutions Stay up-to-date on the latest IAM technologies and trends We are looking for an experieneced IAM Consutlatn with: Strong understanding of IAM concepts and technologies,including identity lifecycle management,access control,and authentication Experience in deploying and managing complex IAM solutions Experience with IAM products and solutions,such as SailPoint,One Identity Manager,and Azure Active Directory Excellent communication and interpersonal skills Ability to work independently and as part of a team Fluent in German Candidates witll need to live and have the right to work within Germany to be considered.