Stratos Global Corporation

December 10, 2007 09:01 ET

Stratos Announces Final Regulatory Approval for CIP Arrangement

BETHESDA, MARYLAND--(Marketwire - Dec. 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 (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 our 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

About 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.

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