Viasat completes acquisition of Inmarsat
Viasat, a global communications company, has announced the completion of its acquisition of Inmarsat.
The company’s assets, once fully integrated, are expected to increase the pace and scope of innovation…
Viasat, a global communications company, has announced the completion of its acquisition of Inmarsat.
The company’s assets, once fully integrated, are expected to increase the pace and scope of innovation in the global satellite connectivity sector, offering new and improved capabilities to customers that will address the ever-increasing speed, flexibility, reliability, coverage and security they demand.
“We are thrilled to welcome Inmarsat’s employees, customers, shareholders and partners into the Viasat ecosystem,” said Mark Dankberg, Chairman and CEO, Viasat.
Multi-layered network
“The combination of our companies brings together the people, technology, innovation, network assets, spectrum resources and global partnerships needed to help connect the world more affordably, securely and reliably. Together, we believe we are positioned to offer customers a multi-layered network that gives them the right connectivity at the right time, place and price.
“Thanks to all those who worked so tirelessly and thoroughly to complete this transaction,” said Dankberg. “I’d also like to thank the Viasat team and the leadership team at Inmarsat, especially the contributions of Rajeev Suri, Inmarsat CEO, and Andy Sukawaty, Inmarsat Chairman. Rajeev and Andy will be joining the Viasat Board of Directors as representatives of the prior Inmarsat private equity ownership consortium. I look forward to their continued contributions to the company.”
The combined company will continue to be led by Mark Dankberg as Chairman and CEO and Guru Gowrappan as President.
California HQ
Viasat also confirmed that its new global international business headquarters will be in London. Corporate headquarters will continue to be in Carlsbad, California.
Further decisions regarding organisational structure and leadership will be determined as part of the ongoing integration process.
“Our goal is to be the undisputed leader in satellite communications with a sharp focus on providing the best products and services for our customers,” said Gowrappan.
“We are more than the sum of our parts. This combination broadens the global fixed and mobile services available to customers in an industry-defining moment. We intend to move quickly to bring the best from each company together in a way that creates much deeper value for our stakeholders and ensures we deliver on our synergy commitments.”
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