Viasat receives FCC approval to buy Inmarsat for $4 bn

Viasat, a global communications company, has received approval from the U.S. Federal Communications Commission (FCC), to buy Inmarsat, a provider of mobile satellite communications services.
Viasat booth at a trade eventThe FCC’s decision leaves the European Commission’s (EC) competition review as the key ongoing regulatory process in relation to the $4 billion deal.

Viasat said the transaction is expected to close later this month, subject to required regulatory approvals, clearances and other customary closing conditions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More like this
Related

Amazon to Acquire Globalstar in $11.57 bn Deal to Challenge Starlink

Amazon has announced a $11.57 billion agreement to acquire...

Amazon nears $9 bn deal to buy Globalstar to accelerate satellite internet business

Amazon is closing in on a deal to acquire...

Starlink Speed in Asia Pacific: Growth, Regulation, Pricing and Performance Trends

Starlink has expanded to 155 countries, reaching more than...

TRAI launches consultation on Satellite Communication Network authorisation and spectrum framework

Telecom Regulatory Authority of India (TRAI) has released a...