The 10-year agreement will see Inmarsat become Panasonic's
exclusive provider of connectivity using the Ka-band satellite
signal, Inmarsat said on Thursday.
In return, it will offer Panasonic's portfolio of services to
its commercial aviation customers.
Inmarsat's chief executive Rupert Pearce said partnering with a
leader in in-flight entertainment was a "massive vote of
confidence" in the capability of its GX high-speed broadband
network to provide in-flight broadband.
The catalyst for the partnership came from a mutual airline
partner, Pearce said, and the two companies were already working
on new prospects.
Air New Zealand was the first company to integrate Inmarsat's GX
services into its Panasonic in-flight entertainment, Inmarsat
said in December 2016.
In-flight broadband, which allows airline passengers to email
and use the internet during flights, is a growth driver for
Inmarsat, which also provides communications for shipping and
governments.
Its shares were trading up 3.7 percent at 514 pence at 0725 GMT.
(Reporting by Paul Sandle, Editing by James Davey and Emelia
Sithole-Matarise)
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