EUSI - Banner May 2022

Viasat to step up and buy Inmarsat for $7.3 billion

Paris/ Carlsbad, California/ London, 8 November 2021. – Viasat wants to buy Inmarsat from private investors for $7.3 billion, the satellite operator announced. The takeover would create the largest satellite operator in the world, with a combined annual revenue of probably close to $4 billion.

Viasat said it will acquire Inmarsat in a transaction valued at $7.3 billion, comprised of $850.0 million in cash, approximately 46.36 million shares of Viasat common stock valued at $3.1 billion, based on the closing price on 5 November 2021, and the assumption of $3.4 billion of net debt.

The combined company intends to integrate the spectrum, satellite and terrestrial assets of both companies into a “global high-capacity hybrid space and terrestrial network, capable of delivering superior services in fast-growing commercial and government sectors”, Viasat said.

The combined company will be able to offer “a broad portfolio of spectrum licenses across the Ka-, L- and S-bands and a fleet of 19 satellites in service with an additional 10 spacecraft under construction and planned for launch within the next three years”, Viasat said.

Viasat reported revenues of $2.3 billion for its fiscal year 2021.

Inmarsat´s last reported revenues – before it was acquired by a consortium consisting of Apax Partners, Warburg Pincus, the CPP Investment Board and the Ontario Teachers´ Pension Plan in December 2019 – was $1,46 million for 2018.


Check Also

Space Café Radio – on tour in Berlin – with Lynn Zoenen

In this Space Café Radio -  SpaceWatch.Global publisher Torsten Kriening spoke with Lynn Zoenen, Principal at Alpine Space Ventures at the 19th ESA Investment Forum 2022 in Berlin on Space Investments in Europe. The ESA Investor Forum is a high-profile event for space-related investment opportunities and connects start-ups and scale-ups from the ESA network with European investors.