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The U.S. Federal Communications Commission approved Viasat’s acquisition of Inmarsat on 2023-05-19, and the deal still needs to pass customary closing conditions.
Viasat and Inmarsat planned to expedite completion of the acquisition transaction expected to close by the 2023-05-31.
The European Commission unconditionally approved Viasat’s acquisition of Inmarsat on 2023-05-25.
Viasat expects its first of three Viasat-3 satellites, each designed to provide more than 1,000 Gbps of capacity, to be ready to enter service at 88.9 degrees West over the Americas in mid-summer following the Falcon Heavy launch.
Arcturus launched at the end of April as a secondary payload to the 6,400-kilogram ViaSat-3 spacecraft.
The KG-255XJ expands Viasat’s family of KG-255X products by offering encryption at Layer 2 or Layer 3 network levels.
The KG-255XJ expands Viasat’s family of KG-255X products by offering encryption at Layer 2 or Layer 3 network levels to enable easy software upgrades and multiple use cases with a single device.
Viasat Inc.’s KG-255XJ ground-to-space encryption product is NSA Type-1 certified as of 2023-05-23.
Viasat reported adjusted EBITDA of $124,000,000 for the quarter, a 21% increase driven by higher sales in its government systems and commercial aviation businesses and lower research and development expenses.
The Viasat–Inmarsat transaction received unconditional approval from the U.K. competition watchdog on 2023-05-09 and approval from the U.S. Federal Communications Commission on 2023-05-19, and it still requires approval from European authorities.
Viasat Inc. published its fourth quarter and fiscal year 2023 financial results in a letter to shareholders posted to the Investor Relations section of its website on 2023-05-17.
A Falcon Heavy launched Viasat’s ViaSat-3 Americas satellite on 2024-04-30 after nearly two weeks of delays caused by poor weather and technical issues.
Viasat will release its fourth quarter and fiscal year 2023 financial results on Wednesday, 2023-05-17 after the market closes via a letter to shareholders posted to the Investor Relations section of its website.
Viasat Inc. is acquiring Inmarsat and has received unconditional clearance from the UK’s Competition & Markets Authority (CMA).
Mark Dankberg, Chairman and CEO of Viasat, stated that the CMA's decision is a critical step towards securing final approvals for the acquisition.
The deal will create new high-skill technology jobs and deepen Viasat’s capabilities in the UK.
Viasat plans to acquire London-based Inmarsat.
The CMA's Phase II review confirmed that the Viasat-Inmarsat transaction does not raise competition concerns, allowing it to proceed without remedies.
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.
The European Commission opened its merger review of the Viasat-Inmarsat deal on 2023-02-13 and expects to make its decision by 2023-06-29.