Viasat and Inmarsat have confirmed that the European Commission (EC) has granted unconditional approval for Viasat’s acquisition of Inmarsat, meaning the last major regulatory hurdle for the deal has now been cleared.
The news follows the recent granting of clearance by the UK Competition & Markets Authority on May 9 and that of the US Federal Communications Commission on May 19.
The two companies say that they will now work to expedite completion of the transaction, which they expect to close by the end of this month.
In November 2021, Viasat agreed to acquire Inmarsat in a cash-and-stock transaction valued at some $7.3 billion, including net debt.
