Viasat Says FCC Approves Acquisition of Inmarsat
May 19 2023 - 6:12PM
Dow Jones News
By Denny Jacob
Viasat said Friday its proposed acquisition of Inmarsat was
approved by the Federal Communications Commission.
The satellite operator said the decision leaves the European
Commission's competition review as the key ongoing regulatory
process related to the deal.
The transaction is expected to close later this month, the
company said.
Viasat proposed in 2021 to acquire Inmarsat in a $7.3 billion
deal. The deal would bolster Viasat to better compete with
Starlink, the satellite-internet service operated by Elon Musk's
SpaceX. Other companies are exploring moves that could level the
playing field, including SES SA, which in March said it is in talks
with Intelsat about a possible combination.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 19, 2023 17:57 ET (21:57 GMT)
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