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Viasat and Inmarsat had aimed to complete the deal by 2023-03-08 before it became the subject of in-depth regulatory investigations.
The acquisition of Inmarsat is expected to strengthen competition in the satellite communications market.
The CMA's Phase II review confirmed that the Viasat-Inmarsat transaction does not raise competition concerns, allowing it to proceed without remedies.
Rajeev Suri, CEO of Inmarsat, expressed that the CMA's decision is significant for the UK's space ambitions.
The Competition and Markets Authority launched an in-depth Phase 2 investigation into the Viasat-Inmarsat deal in October after a Phase 1 review identified concerns it could lead to more expensive and poorer quality Wi-Fi for plane passengers.
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 Viasat-Inmarsat transaction was announced in November 2021 and was valued at $7,300,000,000 through a mix of cash and shares.
Viasat Inc. is acquiring Inmarsat and has received unconditional clearance from the UK’s Competition & Markets Authority (CMA).
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.
Viasat plans to acquire London-based Inmarsat.
Peter Hadinger joined Inmarsat in 2011 and has spent more than four decades in the space industry.
Inmarsat announced the multi-orbit Orchestra constellation in 2021 and is considering satellites in low Earth orbit to bolster its global network.
Inmarsat-6 F1 launched in December 2021 and Inmarsat-6 F1 and F2 together effectively double Inmarsat’s usable L-band capacity.
Inmarsat-7 is scheduled to deploy and come into service in 2025.
Inmarsat-6 F2 launched on 2023-02-17 on a SpaceX Falcon 9 rocket.
Inmarsat said it will make investments of $100,000,000 through 2026 in LEO to mature new terminal and terrestrial technologies as part of the Orchestra program.
Both Viasat and Inmarsat operate communications satellites in geostationary orbit.
Safety services that include the maritime distress signal service Inmarsat C are operating normally on the 18-year-old I-4 F1 spacecraft serving East Asia and the Pacific region.
Inmarsat's I-4 F1 satellite is experiencing a prolonged outage that began 2023-04-16.
I-4 F1 provides L-band services in the Asia-Pacific region.