Viasat, a worldwide communications company, and Inmarsat, a major UK-based supplier of global mobile satellite communications services, have announced the signing of a formal agreement under which Viasat will buy Inmarsat for $7.3 billion. The merger will establish a global communications leader with increased size and breadth to link the globe more economically, safely and securely. The new organization’s complementary assets and resources will allow the launch of innovative new services in both the mobile and fixed segments, giving customers more options in broadband communications and narrowband services, such as IoT. The merged business intends to combine both companies’ spectrum, satellite and terrestrial assets into a worldwide high-capacity hybrid space and terrestrial network able to offer exceptional service in the rapidly developing commercial and government sectors. Together, these businesses will establish a formidable multi-spectrum, multi-orbit powerhouse. With production and people capacity around the world, the new company…
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