Press release
Viasat Acquisition of Inmarsat Proceeds to Close
CARLSBAD, Calif. and LONDON, May 25, 2023 /PRNewswire/ -- Viasat Inc., (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of
About this update from Viasat, Inc.
[{"type":"text","content":"CARLSBAD, Calif. and LONDON, May 25, 2023 /PRNewswire/ -- Viasat Inc., (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced that the European Commission (EC) unconditionally approved Viasat's acquisition of Inmarsat.\nThis follows the recent U.K. Competition & Markets Authority's clearance on May 9, 2023, and that of the U.S. Federal Communications Commission on May 19, 2023.\nThe two companies will now work to expedite completion of the transaction, which is expected to close by the end of this month.\nAbout ViasatViasat is a global communications company that believes everyone and everything in the world can be connected. For more than 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.\nAbout Inmarsat\nInmarsat delivers world leading, innovative, advanced and exceptionally reliable global, mobile communications across the world – in the air, at sea and on land - that are enabling a new generation of commercial, government and mission-critical services. Inmarsat is powering the digitalisation of the maritime industry, making operations more efficient and safer than ever before. It is driving a new era of inflight passenger services for aviation, while ensuring that aircraft can fly with maximum efficiency and safety. Furthermore, Inmarsat is enabling the rapid expansion of the Internet of Things (IoT) and enabling the next wave of world-changing technologies that will underpin the connected society and help build a sustainable future. And now Inmarsat is developing the first-of-its-kind, multi-dimensional communications network of the future, ORCHESTRA. In November 2021, Inmarsat and Viasat announced the planned combination of the two companies, to create a new leader in global communications. For further information, follow us: Twitter | LinkedIn | Facebook | YouTube | Instagram.\nF...