A PYMNTS Company

FCC Clears $7.3 Billion Viasat-Inmarsat Deal

 |  May 22, 2023

The Federal Communications Commission has granted Viasat permission to proceed with its acquisition of Inmarsat, which is estimated to cost $7.3 billion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Both satellite service providers intend to finalize the deal later this month. The commission’s approval was unconditional and came shortly after the British competition regulator provided a comparable opinion.

    Related: UK Watchdog Refers Viasat-Inmarsat Merger To In-Depth Probe

    Viasat and Inmarsat plan to create a global hybrid network that combines their spectrum, terrestrial, and satellite assets to fulfill government and commercial satcom needs.

    In November 2021, the companies announced the transaction’s value, which includes $850 million in cash, $3.1 billion in Viasat shares, and $3.4 billion in assumed debt.