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ARTICLE · 17 MARCH 2023

Inmarsat Takeover Provisionally Cleared For Take-Off

Preiskel & Co
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On 1st March 2023, the Competition & Markets Authority ("CMA") provisionally cleared the anticipated takeover by Viasat Inc. of Inmarsat Group Holdings Limited.

United KingdomTransport
Daniel Preiskel
Daniel Preiskel

On 1st March 2023, the Competition & Markets Authority ("CMA") provisionally cleared the anticipated takeover by Viasat Inc. of Inmarsat Group Holdings Limited. The takeover shall see Viasat Inc. acquire 100% of Inmarsat's issued share capital and the aggregate consideration is valued at $7.3 billion. The completion of this proposed acquisition is conditional upon approvals from the CMA and European Commission. The relevant authorities acknowledge the indisputable fact that both parties have been growing faster than other established suppliers of inflight connectivity ("IFC") services, they regularly bid against each other in tenders, and are each recognised as dominating rivals in the market.

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