$ 7.3 billion satellite deal to transform connectivity

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Broadband connectivity has taken another leap in space with US firm’s $ 7.3 billion deal Viasat to acquire his British rival Immarsat.

In a deal that the two companies have called a “transformative”, the companies will combine their assets and expertise to boost global connectivity from space satellites maintained by Immarsat to the domestic broadband provided by Viasat.

Viasat said the deal was to create a major broadband provider in space to compete with Elon Musk’s Starlink constellation, the UK government created OneWeb and Boeing, which announced plans for satellites to provide Internet services from space.

Viasat Executive Chairman Mark Dankberg said the merger of the two companies “provides the ingredients and scale for profitable growth through the creation and delivery of innovative broadband and IoT services in segments and markets. fast growing geographic areas, new and existing ”.

“Immarsat’s dual-band global mobile network, UK-unique L-band resources, skills and capabilities, and excellent technical and operational talent around the world, are powerful additions to Viasat’s business. Dankberg said.

Immarsat recently invested in its coverage, claiming to have the world’s first network called “Orchestra” which combines geosynchronous (GEO) and low earth orbit (LEO) satellites with 5G terrestrial infrastructure into a single network, mixing coverage and capacity in June 2021..

Viasat says there are no plans to relocate Immarsat and its 860 employees from their London base. The company can also play a key role in supporting the recently released UK National Space Strategy.

Immarsat currently has a fleet of 14 satellites that offer broadband and internet connectivity and in-flight Wi-Fi.

Seven more satellites are planned to be launched.

Image credit: iStockphoto / johan63

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