Viasat CEO on Inmarsat acquisition

Viasat boss Mark Dankberg has released a statement commenting on the acquisition of Inmarsat, following approval from the European Commission (EC). Viasat and Inmarsat supply businesses globally with satellite connectivity that enables services such as the internet, email, and video calling – including for use on aircraft. The EC cleared the merger in May, after […]

European Commission clears Viasat’s acquisition of Inmarsat

The merger between US-based satellite operator Viasat and UK-based satellite company Inmarsat has been cleared by the European Commission (EC). The EC approval comes following clearance of the merger from UK’s Competition & Markets Authority and the US Federal Communications Commission. An in-depth investigation was launched in February by the EC to assess the proposed $7.3bn […]

FCC approves Viasat-Inmarsat merger

US-based satellite operator Viasat has received approval from the US Federal Communications Commission (FCC) for the proposed $7.3bn acquisition of Inmarsat. Both companies supply businesses globally with satellite connectivity that enables services such as the internet, email, and video calling – including for use on aircraft. The deal which first proposed around 18 months intends to […]

Watchdog clears Viasat-Inmarsat merger

The UK competition watchdog, the Competition and Markets Authority, has cleared the planned merger of satellite connectivity businesses Viasat and Inmarsat after an in-depth probe. The CMA’s Phase 2 investigation into the combination found that, while Viasat and Inmarsat compete closely, the merged company will be challenged by emerging and established competitors in coming years. […]

European Commission launches investigation into Viasat-Inmarsat deal

The European Commission has opened an in-depth investigation to assess the proposed $7.3bn acquisition of Inmarsat by Viasat. The Commission is concerned that the transaction may allow Viasat to reduce competition in the market for the supply of broadband in-flight connectivity (IFC) services to commercial airlines. The deal was first proposed around 18 months again […]

CMA to pursue in-depth review of Viasat-Inmarsat deal

The UK’s Competition & Market Authority has announced plans for an in-depth investigation into Viasat’s proposed US$7.3 billion acquisition of Inmarsat. The deal was first proposed around a year ago, and has already been subject to a preliminary review by the CMA. The Authority has now triggered a Phase 2 investigation after raising concerns the […]

Inmarsat accepts US$3.4 billion bid from Apax-led consortium

Satellite operator Inmarsat has accepted a $3.4 billion bid from a private equity consortium that includes Apax Partners and Warburg Pincus among its backers. The company’s shareholders now have until May 2019 to decide whether to accept the deal, so there is still a chance that counter-offers will emerge in that time. The sale of […]

EchoStar drops Inmarsat bid after £3.2bn offer is rejected

US satellite company EchoStar dropped plans to take over Inmarsat after the UK-based satellite rival rejected a £3.2 billion (€3.6 billion) bid. In a statement issued on Friday, EchoStar said that it does not now intend to make an offer for Inmarsat after the company turned down its 532 pence per-share offer for the entire […]

Eutelsat rules out Inmarsat bid

Eutelsat has ruled out making an offer for Inmarsat, just a day after it confirmed it was evaluating a possible bid for the rival satellite operator. In a statement issued today, Eutelsat said that it does not intend to make an offer for Inmarsat– a decision that will hold for six months as per rules […]

Hellas Sat 3 successfully launched

Hellas Sat 3 has been lofted into space on an Ariane 5 launcher from French Guiana. Arabsat-owned Hellas Sat’s satellite is the second from the operator to be orbited by Arianespace. It will expand the company’s business reach by providing DTH broadcast and telecommunications services, as well as the distribution of high-definition and ultra-high definition […]