One Regulatory Hurdle Left After FCC OK of Viasat/Inmarsat
With the European Commission's competition review being the last major regulatory hurdles, Viasat said Friday it expects its $7.3 billion Inmarsat acquisition (see 2111080038) to close by month's end. The FCC Space Bureau and Office of International Affairs, in an…
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order issued Friday signing off on the transaction, said existing and new entrant competitors said a combined Viasat/Inmarsat won't significantly hurt competition in the satellite-supplied government services sector and said competition is growing in the aviation and maritime sectors. The agency approval includes conditions on foreign-ownership monitoring.