Viasat’s proposed acquisition of Inmarsat gets US FCC approval
Viasat, a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, have announced that Viasat’s proposed acquisition of Inmarsat has received approval from the U.S.…
Viasat, a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, have announced that Viasat’s proposed acquisition of Inmarsat has received approval from the U.S. Federal Communications Commission (FCC).
The FCC’s decision leaves the European Commission’s (EC) competition review as the key ongoing regulatory process in relation to the transaction.
The transaction is expected to close later this month, subject to required regulatory approvals, clearances and other customary closing conditions.
The combination will create a leading global communications innovator with enhanced scale and scope to affordably, securely and reliably connect the world. The complementary assets and resources of the new organization will enable the availability of advanced new services in mobile and fixed segments, driving greater customer choice in broadband communications and narrowband services (including the Internet of Things or “IoT”).
Spectrum, satellite and terrestrial assets
The combined company intends to integrate the spectrum, satellite and terrestrial assets of both companies into a global high-capacity hybrid space and terrestrial network, capable of delivering superior services in fast-growing commercial and government sectors.
This advanced architecture will create a framework incorporating the most favorable characteristics of multi-band, multi-orbit satellites and terrestrial air-to-ground systems that can deliver higher speeds, more bandwidth, greater density of bandwidth at high demand locations like airport and shipping hubs and lower latency at lower cost than either company could provide alone.
Inmarsat
Both companies have proven track records of product and service innovation. Viasat has advanced North American residential and aviation connectivity and defense communications with technology and business models embraced by customers. Viasat is also recognized for driving change through its pioneering ultra-high-capacity satellite technology, which has delivered superior value at attractive, affordable economics.
“This is a transformative combination that advances our common ambitions to connect the world. The unique fusion of teams, technologies and resources provides the ingredients and scale needed for profitable growth through the creation and delivery of innovative broadband and IoT services in new and existing fast-growing segments and geographies,” said Viasat’s Executive Chairman Mark Dankberg.
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