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LONDON (Reuters) – U.S. satellite operator Echostar (SATS.O) has built a near 3 percent stake in Inmarsat (ISA.L), the British company that it is seeking to buy, stock exchange filings showed on Friday.
Inmarsat shares rose more than 8 percent after Echostar disclosed a 2.97 percent shareholding in the London-listed group. It comes after Inmarsat said earlier this month that it had rejected a bid approach from the U.S. firm.
Reporting by Ben Martin; Editing by Elaine Hardcastle
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