Viasat announced the completion of its acquisition of Inmarsat.
The combined company will continue to be led by Mark Dankberg as Chairman and CEO and Guru Gowrappan as President.
Viasat reconfirmed that its new global international business headquarters will be in London. Corporate headquarters will continue to be in Carlsbad, California.
Viasat will reveal its organizational structure and leadership as part of the ongoing integration process.
The Inmarsat acquisition enables the companies to bring together spectrum, satellite, and terrestrial assets, including 19 satellites in space spanning Ka-, L- and S- bands. These assets are expected to deliver connectivity and key safety services across maritime, aviation, government and consumer markets.
Inmarsat’s shareholders received $551 million in cash, and 46.36 million shares. The cash portion of the purchase price was reduced from $850 million to $551 million after Inmarsat paid a $299 million special dividend to its shareholders in April 2022.
Rajeev Suri, Inmarsat CEO, and Andy Sukawaty, Inmarsat Chairman, will be joining the Viasat Board of Directors.
