Viasat’s Acquisition of Inmarsat Approved by European Commission

Reported by Srikapardhi May 26th, 2023 at 02:54 pm

Viasat and Inmarsat have received unconditional approval from the European Commission for Viasat's acquisition of Inmarsat, bringing them one step closer to completing the transaction. The combined entity aims to revolutionize the global communications landscape.

Highlights

European Commission approves Viasat's acquisition of Inmarsat.
Transaction expected to close soon after regulatory clearances.
Combined entity aims to become a leader in global communications.

Viasat’s Acquisition of Inmarsat Approved by European Commission, Transaction Expected to Close Soon

Viasat, a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, announced that the European Commission (EC) unconditionally approved Viasat's acquisition of Inmarsat. This approval follows clearances from the UK Competition and Markets Authority and the US Federal Communications Commission, marking a significant step towards the completion of the transaction.

Also Read: Viasat’s Acquisition of Inmarsat Clears Competition Review

Transaction Finalization

With all necessary regulatory approvals in place, Viasat and Inmarsat are now focused on expediting the completion of the acquisition. According to the official statement, the transaction is anticipated to be finalized by the end of this month, bringing together the capabilities of both companies under one entity.

Also Read: Viasat Announces Successful Launch of ViaSat-3 Americas Satellite

Viasat

As a global communications company, Viasat has been dedicated to connecting people, businesses, governments, and militaries worldwide for over 35 years. Through its innovative solutions, Viasat has played a pivotal role in shaping communication networks on a global scale.

Inmarsat

Inmarsat is a renowned provider of advanced and highly reliable mobile communications services across the globe. With a strong focus on aviation, maritime, and terrestrial markets, Inmarsat enables a new generation of commercial, government, and mission-critical services.

Also Read: Viasat’s Acquisition of Inmarsat Receives FCC Approval

A Vision of Collaboration

The planned combination of Inmarsat and Viasat was announced in November 2021, with the aim of establishing a new leader in the global communications industry. This strategic partnership aims to leverage the strengths and expertise of both companies to drive innovation and deliver exceptional communication services worldwide.

As the transaction nears completion, the combined entity is set to enhance the global communications landscape, offering cutting-edge solutions and paving the way for a new era of connectivity and collaboration.

Reported By

Srikapardhi Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.