Merger and Acquisitions News

Viasat receives approval from FCC for Inmarsat merger

The FCC denied a petition from SpaceX to block the deal.

Viasat‘s proposed acquisition of Inmarsat has received approval from the US Federal Communications Commission (FCC).

The FCC’s decision leaves the European Commission’s (EC) competition review as the key ongoing regulatory process in relation to the transaction.

The transaction is expected to close later this month, subject to required regulatory approvals, clearances and other customary closing conditions.

The FCC issued an order on May 19 approving the transaction, stating that it will serve the public interest.

The deal which was first proposed around 18 months intends to integrate the spectrum, satellite and terrestrial assets of both companies into a global high-capacity hybrid space and terrestrial network, capable of delivering superior services in fast-growing commercial and government sectors.