Reuters - November 8, 2021

Viasat buys Britain’s Inmarsat in $7.3 bln satellite play

Viasat (VSAT.O) agreed to buy British rival Inmarsat on Monday in a $7.3 billion deal to broaden the U.S. based company's satellite and land-based communications services.

The takeover of London-based Inmarsat comes just two years after it was taken private in a $3.4 billion deal by a consortium of British-based Apax partners, U.S.-based Warburg Pincus and two Canadian pension funds.

While Viasat offers connectivity and communications services to residential, aviation and defence customers in North America, Inmarsat is a provider of satellite-based communications services to shipping, aviation and government departments, including Britain's Ministry of Defence.