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The European Commission expects to make its decision on the Viasat-Inmarsat transaction by 2023-06-29.
The U.K. provisionally cleared Viasat’s plan to buy London-based Inmarsat on 2023-03-01.
Zhongxing-16 has supplied connectivity to aviation passengers such as Sichuan Airlines’ Airbus A320 flights using Viasat in-flight connectivity equipment.
Viasat Inc. and CFE-TEIT signed an agreement to provide high-quality satellite connectivity to 850 underserved communities across Mexico.
Viasat’s Mexico internet services use bandwidth from the ViaSat-2 satellite to deliver affordable, high-quality internet connectivity.
The 850 underserved Mexican communities will use Viasat’s Community Internet service to provide free internet access in public places, schools, and health centers.
Since 2018, Viasat has deployed its internet service across Mexico using satellite connectivity to deliver affordable internet to communities, residential customers, and small businesses in areas that previously had no access to internet.
Viasat, in partnership with China Satcom, received clearance on 2023-01-10 to install connectivity equipment on more than 75% of domestic planes in China.
Viasat announced plans in November 2021 to acquire British rival Inmarsat using a mix of cash and shares.
The European Commission plans to investigate whether new non-geostationary orbit players are likely to exert sufficient competitive pressure on the merged Viasat–Inmarsat entity in the near future.
The Viasat–Inmarsat deal was worth around $7,000,000,000 before a decline in Viasat’s share price wiped off more than $1,000,000,000 of value.
Viasat shares closed at $31.38 on 2023-02-13 and are down more than 50% from a $67 closing price prior to the 2021-11-08 acquisition announcement.
The European Commission launched an in-depth probe on 2023-02-13 into whether Viasat’s planned acquisition of Inmarsat would reduce competition for providing Wi-Fi on planes in Europe.
Viasat reached a $7,300,000,000 deal to acquire Inmarsat that is under regulatory review by the European Commission.
The European Commission expects to decide on the Viasat–Inmarsat transaction by 2023-06-29.
The U.K. competition watchdog launched a separate investigation into the Viasat–Inmarsat deal on 2022-10-14 with a 2023-03-30 deadline.
Viasat operates a broadband network from geostationary orbit.
Viasat is planning to acquire Inmarsat, and the acquisition is subject to regulatory approvals including clearance from the U.K. competition watchdog.
Viasat’s adjusted EBITDA for the quarter 2022-12-15% to $139,000,000.
Viasat completed the $2,000,000,000 sale of its tactical data communications business.