NASA asks SpaceX and Amazon to replace their

Viasat's proposed takeover of rival UK satellite company Inmarsat has been put on hold after UK and EU regulators launched separate investigations into the €7.3bn deal.

The European Commission (EC) and the Competition and Markets Authority (CMA) have launched investigations to see what impact the merger would have on the market.

The parties had hoped to complete the acquisition by mid-2022, but that goal was not achieved.

Satellite connectivity

The CMA said it would report its initial findings in October.

"Inmarsat takes note of the statement issued by the UK Competition and Markets Authority (CMA) regarding the company's proposed combination with Viasat," an Inmarsat spokesperson said.

“La revisión de CMA, con la que cooperaremos plenamente, se lleva a cabo en un contexto de consolidación en la industria satelital, ya que Inmarsat y Viasat buscan crear un innovador global que preservará los empleos de la industria y la tecnología espacial, al tiempo que realizan inversiones significativas para satisfacer Necesidades del consumidor.

“The regulatory process for the Viasat-Inmarsat transaction remains ongoing and has received approval from several key markets, including the important Committee on Foreign Investment in the United States (CFIUS).”

The two companies announced the "transformational" deal in November, promising to combine the two companies' expertise to drive global connectivity, from space satellites offered by Inmarsat to home broadband provided by Viasat, and everything in between.

Inmarsat currently offers a wide range of connectivity services through its fleet of 14 satellites, including broadband, IoT connectivity and in-flight Wi-Fi.

Another UK-based satellite company, OneWeb, is also in the process of merging with a foreign company, Eutelsat. (opens in a new tab)

The two companies hope that by combining their Low Earth Orbit (LEO) and Geostationary Orbit (GEO) assets, they will be able to deliver converged connectivity to some of the world's most remote regions, transforming consumer services. . Fi and industrial applications.

Share This