Viasat says it ‘isn’t about ripping out cost to make the numbers’, and it has longstanding relationship in UK

The chief executive of the US satellite company that is buying Inmarsat for $7.3bn (£5.4bn) said that it is not “stealing” Britain’s crown jewel in the space communications race, and is confident the deal would be cleared by a potential investigation by the government to assess the threat of a foreign takeover to national security.

Rick Baldridge, the chief executive of Viasat, was in London with his team last week to meet government agencies, Inmarsat management and media as part of a mission to pave the way for clearance of the California-based company’s biggest ever deal.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Homebuilders agree to put £2bn towards fixing unsafe cladding on high rises in England

Michael Gove announces deal involving 35 firms but further £3bn still needed…

What do I need to know about the Oxford/AstraZeneca vaccine?

After a UK recommendation that healthy adults under 30 should have an…

Scottish plans to include transgender women in equality law tested in court

Judicial review begins over definition of ‘woman’ in 2018 law to improve…