The UK Competition and Markets Authority (CMA) has approved the $7.3 billion merger between Viasat and Inmarsat, two of the world’s leading satellite communications companies. The decision comes after a thorough investigation into the potential impact of the merger on competition in the industry.<\/p>\n
The merger will create a new company with a combined revenue of over $2 billion and a market capitalization of around $16 billion. The new company will be able to offer a wider range of services to customers, including high-speed broadband, mobile connectivity, and in-flight entertainment.<\/p>\n
The CMA’s investigation found that the merger would not significantly reduce competition in the industry, as there are several other companies offering similar services. The CMA also noted that the merger could lead to increased investment in research and development, which could benefit customers in the long run.<\/p>\n
The approval of the merger is a significant milestone for both Viasat and Inmarsat. Viasat is a California-based company that provides satellite-based internet services to businesses and consumers around the world. Inmarsat is a UK-based company that specializes in providing satellite communications services to the maritime, aviation, and government sectors.<\/p>\n
The two companies announced their intention to merge in July 2021, citing the need to create a stronger competitor in the global satellite communications market. The merger was subject to regulatory approval in several countries, including the UK, the US, and Germany.<\/p>\n
The approval of the merger by the CMA is a positive development for Viasat and Inmarsat, as it paves the way for the creation of a new company that can compete more effectively with other players in the industry. The new company will have a strong presence in key markets such as aviation and maritime, and will be well-positioned to take advantage of emerging opportunities in areas such as 5G connectivity and autonomous vehicles.<\/p>\n
Overall, the $7.3 billion Viasat-Inmarsat merger is a significant development in the satellite communications industry. The creation of a new company with a combined revenue of over $2 billion will provide customers with a wider range of services and could lead to increased investment in research and development. The approval of the merger by the UK Competition and Markets Authority is a positive sign for the industry, as it demonstrates that competition is alive and well in this rapidly evolving sector.<\/p>\n
The UK Competition and Markets Authority (CMA) has approved the $7.3 billion merger between Viasat and Inmarsat, two of the world’s leading satellite communications companies. The decision comes after a thorough investigation into the potential impact of the merger on competition in the industry. The merger will create a new company with a combined revenue […]<\/p>\n","protected":false},"author":2,"featured_media":2527027,"menu_order":0,"template":"Default","format":"standard","meta":[],"aiwire-tag":[676,11304,26090,313,2048,439,11,11019,17,18,343,5806,942,20,649,2162,5976,21,2544,4727,16569,26244,23,2895,853,1493,27,24951,217,29,219,4352,4069,5347,971,1929,727,222,34,4146,29516,728,3575,1181,227,686,731,5314,590,985,11829,867,374,233,8224,44,50,1220,2589,1222,469,55,8189,168,57,389,2216,58,29517,3163,4613,477,478,1236,60,61,482,887,692,291,818,9534,15912,68,4364,891,18446,8155,5189,3111,69,298,179,4367,75,76,77,78,1257,184,185,29525,5,10,7,8,186,81,82,5359,190,88,661,191,90,192,1100,5838,1361,12252,1548,3850,496,707,23618,1113,1456,1114,1285,1697,99,2118,909,5604,201,637,912,103,711,3190,108,109,360,110,305,2866,111,115,1561,29520,14813,916,4237,29521,7597,361,9,212,1381,124,125,362,920,6],"aiwire":[13973],"_links":{"self":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2541021"}],"collection":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire"}],"about":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/types\/platowire"}],"author":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2541021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media\/2527027"}],"wp:attachment":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media?parent=2541021"}],"wp:term":[{"taxonomy":"aiwire-tag","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire-tag?post=2541021"},{"taxonomy":"aiwire","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire?post=2541021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}