Viasat has announced that it has now completed its $7.3 billion acquisition of Inmarsat, just days after the firms received regulatory clearance from the European Commission to proceed with the deal, and following on from similar recent approvals granted by the US FCC (Federal Communications Commission) and the UK CMA (Competition and Markets Authority).
The combined company will be led by current Viasat CEO Mark Dankberg as Chairman and CEO, with Viasat President Guru Gowrappan also remaining in his role. Rajeev Suri will step down as Inmarsat CEO but has been nominated to serve on Viasat’s board of directors, as has Inmarsat Chairman Andy Sukawaty.
The business will have its new global international business headquarters in London, with corporate headquarters staying in Carlsbad, California.
“We are thrilled to welcome Inmarsat’s employees, customers, shareholders and partners into the Viasat ecosystem,” said Mark Dankberg, Chairman and CEO, Viasat.
“The combination of our companies brings together the people, technology, innovation, network assets, spectrum resources and global partnerships needed to help connect the world more affordably, securely and reliably. Together, we believe we are positioned to offer customers a multi-layered network that gives them the right connectivity at the right time, place and price.”
The closing of the acquisition will allow the companies to begin the process of bringing together spectrum, satellite, and terrestrial assets that include 19 satellites in space spanning Ka-, L- and S- bands.
