The Foreign Investment Review Board (FIRB) is an Australian government body that examines foreign investment proposals to ensure they align with the country's national interest, including national security. FIRB's role has expanded to include greater scrutiny of investments in critical infrastructure and technologies, such as space technology, with the aim of protecting essential sectors of the Australian economy from security threats. Any foreign government investors must obtain approval, irrespective of the value of the investment or asset. Associated keywords: foreign investment, national security, critical infrastructure, Australia, regulation.
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The Viasat-Inmarsat transaction has also been approved by the Australian government’s Foreign Investment Review Board (FIRB) and the Committee on Foreign Investment in the United States.
On 2022-10-18, Australia’s Foreign Investment Review Board granted approval for Viasat to acquire Inmarsat.