Viasat has completed its acquisition of mobile satellite communications firm Inmarsat, which was privatized in 2019 after being sold for $3.4bn to a consortium of US and UK private equity investors and Canada. With Viasat being valued at $7.3bn in November 2021, the acquisition is expected to bolster the company’s scale and capabilities and drive growth in the fiercely competitive satellite communications industry. The integration of both companies’ assets could accelerate innovation in the global satellite communications sector and provide enhanced capabilities. Viasat aims to provide a “layered network” giving customers the right connectivity at the right time and price.
Viasat Chairman and CEO Mark Dankberg said, “Our goal is to be the undisputed leader in satellite communications, with a clear focus on providing the best products and services to our customers”. He also revealed that Inmarsat board members Rajeev Suri and Andy Sukawaty will join Viasat’s board of directors, and the company’s new global international business headquarters will be in London while its corporate headquarters will remain in Carlsbad, California. The combined company will integrate the companies’ spectrum, satellite and terrestrial assets, which include 19 satellites in space spanning Ka, L and S bands.
Tags: inmarsat,Mergers and Acquisitions,satellite communications,Viasat