Viasat (Nasdaq: VSAT) has closed its acquisition of U.K.-based satellite communication services provider Inmarsat as part of a move to bring additional satcom offerings to the government and other sectors. “The combination of our companies brings together the people, technology, innovation, network assets, spectrum resources and global partner...
A consortium of shareholders that purchased U.K.-based satellite communication services provider Inmarsat in 2019 nominated CEO Rajeev Suri and Chairman Andrew Sukawaty to serve as members of the board of directors of Viasat (Nasdaq: VSAT) upon completion of the two companies’ merger. Suri and Sukawaty will step down from their roles once Vias...
Viasat (Nasdaq: VSAT) is set to close the acquisition of U.K.-based satellite communication services provider Inmarsat by the end of May after the European Commission issued unconditional clearance to the approximately $7.3 billion transaction. The commission said Thursday it concluded that the deal would not impact competition in the broadband in-f...
The Federal Communications Commission has given Viasat (Nasdaq: VSAT) the go-ahead to continue its estimated $7.3 billion acquisition of Inmarsat. FCC issued âunconditionalâ clearance to the proposed combination and both satellite service providers aim to complete the deal later this month, according to a joint statement released Friday. The com...
The U.K. government has approved the planned merger between Viasat (Nasdaq: VSAT) and British satellite services provider Inmarsat following the completion of an in-depth review. In November 2021, Viasat agreed to acquire Inmarsat in a cash-and-stock transaction valued at approximately $3.9 billion as part of efforts to provide a global hybrid netwo...
The U.K. government has provisionally cleared the planned merger between Viasat (Nasdaq: VSAT) and British satellite services provider Inmarsat following the completion of a Phase 2 review, which found that the combined entity is likely to face competition from existing and emerging companies as the satellite communications sector expands. In Novemb...
The U.S. Space Force has issued a list of future commercial satellite communications requirements to help interested vendors prepare for potential solicitations in fiscal year 2023. The service noted that the 11 planned procurement contracts projected for the next 11 months are subject to change, according to a sources sought notice published Thursd...
The U.K. government has approved Viasatâs (Nasdaq: VSAT) proposed acquisition of Inmarsat under the National Security and Investment Act. Mark Dankberg, executive chairman and CEO of Viasat, said in a statement published Friday Viasat has been a partner of U.K. national security and defense communities for over 10 years, particularly in the delive...
Viasat (Nasdaq: VSAT) has enlisted the help of an adviser as the communications equipment provider considers selling a unit that offers encryption tools to the government sector, Bloomberg reported Tuesday. The encryption business’ estimated annual EBITDA stands at $120 million and the portfolio could sell for $1.8 billion from potential ...
Samer Halawi, former executive vice president and chief commercial officer at Intelsat, has been named CEO of a newly formed connectivity business within Airbus Group‘s defense and space segment. The three-decade industry veteran will oversee the unit that aims to develop and commercialize telecommunications services for the Zephyr high-altitu...
