Stratos Shareholders Approve Acquisition by CIP Canada

Closing expected by end of third quarter following final regulatory approvals

BETHESDA, MD, June 12 / -- Stratos Global Corporation ("Stratos" or the "Corporation") today announced shareholder approval of the plan of arrangement between Stratos and CIP Canada Investment Inc. ("CIP Canada") by which CIP Canada will acquire all of Stratos' outstanding shares for a cash price of C$7.00 per share. The total transaction value, including assumption of net debt, is US$624 million. The transaction remains subject to regulatory approvals, and is expected to close by the end of the third quarter.

The arrangement resolution was approved by 85.1 percent of the votes cast at the annual and special meeting of Stratos shareholders held earlier today.

"We are extremely pleased with the shareholders' decision on this transaction," said Charles Bissegger, Stratos' chairman of the Board of Directors. "We believe the acquisition of Stratos by CIP Canada is in the best interest of our shareholders, customers, partners, and employees. We now look forward to bringing the transaction to closure later this year."

CIP Canada is a wholly owned subsidiary of Communications Investment Partners Limited (CIP), a professional investment company with a focus on satellite services. The transaction will be indirectly financed by Inmarsat Finance III Limited, a wholly owned subsidiary of Inmarsat plc.

About Stratos
Stratos (TSX: SGB), with over a century of service, is the world's trusted leader for vital communications, offering the most powerful and extensive portfolio of remote communications products, including mobile and fixed satellite and microwave services. Stratos' more than 20,000 customers use its services on seven continents and across the world's oceans. Stratos serves U.S. and international government, military, first responder, NGO, oil and gas, industrial, maritime, aeronautical, enterprise, and media users. For more information visit

Source: Stratos Global Corporation

CONTACT:Investor Contact: Alfred Giammarino, Executive Vice President & CFO, (301) 968-1926,

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