Viasat’s Acquisition of Inmarsat Clears Competition Review

Viasat's proposed acquisition of Inmarsat has received clearance from the UK's Competition and Markets Authority, marking a significant milestone towards completing the deal. The transaction has also obtained approvals from other regulatory bodies, including the UK government and the Australian government.

Highlights

  • Viasat's acquisition of Inmarsat receives clearance from UK's CMA.
  • Transaction proceeds without any remedies.
  • Approvals obtained from UK government, Australian government, and other regulatory bodies.

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Viasat’s Acquisition of Inmarsat Clears Competition Review

Viasat, a global communications company, and Inmarsat, a leading global mobile satellite communications service provider, announced that the UK's Competition and Markets Authority (CMA) had concluded its Phase 2 review of their proposed acquisition. The CMA's findings confirm that the transaction does not raise any competition concerns, allowing the acquisition to proceed without any remedies.




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

Multiple Approvals Secured

According to the statement, This clearance is a milestone towards the completion of the deal. Viasat's proposed acquisition of Inmarsat has now received clearance from the UK government under the National Security and Investment Act, as well as the Australian government's Foreign Investment Review Board (FIRB) and the Committee on Foreign Investment in the United States.

Viasat said, "They are delighted with the CMA's decision to unconditionally clear the deal to acquire Inmarsat, as it represents a critical step in securing final approvals to complete this transaction."

"This deal will also create new high-skill technology jobs, deepen Viasat's capabilities in the UK, and contribute to the goals of the UK's National Space Strategy. Both Viasat and Inmarsat appreciated the extensive review by the CMA and thanked them for their efforts."

Also Read: Viasat, Ligado and Skylo Ink Deal to Offer Direct to Device Services

Additional Regulatory Approvals Pending

While this clearance is a major step forward, the companies still have other regulatory approvals to navigate. They will continue working through those processes and provide updates on the timing of the transaction's completion.

The acquisition of Inmarsat by Viasat is anticipated to bring together two prominent players in the communications industry, enabling enhanced competition and improved services for customers.

Reported By

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.

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