VSAT - Viasat Inmarsat get UK government approval for combination
- Viasat ( NASDAQ: VSAT ) and Inmarsat have received approval from the UK government for their proposed combination.
- The UK's secretary of state for Business, Energy and Industrial Strategy announced the deal doesn't pose a risk to national security.
- That follows a March commitment by Viasat and Inmarsat to strengthen national space strategy, including expanding highly skilled jobs in key areas, and a 30% increase in overall research and development spending in the UK.
- Viasat ( VSAT ) had agreed to purchase Inmarsat in a transaction valued at $7.3 billion in November .
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Viasat, Inmarsat get UK government approval for combination