Viasat to buy Inmarsat for $7.3 billion
Two long time traditional communication satellite companies today announced a merger, with the U.S.-based Viasat to buy the UK-based Inmarsat for $7.3 billion.
In a surprise move, California-based Viasat this morning announced a plan to acquire UK-based Inmarsat for a cost of some $7.3 billion — potentially creating a commercial satellite communications behemoth worth $4.1 billion in 2021 revenue, of which 40% is in government sales, including to the Defense Department.
While the acquisition will require approval from regulators, the combined company already is planning an expansion of its on-orbit assets, including two polar orbiting satellites that can bring capacity to the Arctic.
The bulk of business for both companies has in recent years been government military contracts, launching geosynchronous communications satellites. Both however have been under strong competitive pressure from the newer satellite constellations in lower orbit. Additionally, the push within the Space Force to shift from single large satellites to many redundant smallsats has put pressure on both companies.
This merger suggests a consolidation is occurring in these big old satellite companies as they struggle to adjust to a changing satellite market. Viasat for example was founded in 1986, while Inmarsat began in 1979, with both companies exclusively launching the traditional geosynchronous communications satellites. Both now are faced with new technologies in low Earth orbit, which has many advantages over high geosynchronous orbits. They need to adapt and change, or die.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Two long time traditional communication satellite companies today announced a merger, with the U.S.-based Viasat to buy the UK-based Inmarsat for $7.3 billion.
In a surprise move, California-based Viasat this morning announced a plan to acquire UK-based Inmarsat for a cost of some $7.3 billion — potentially creating a commercial satellite communications behemoth worth $4.1 billion in 2021 revenue, of which 40% is in government sales, including to the Defense Department.
While the acquisition will require approval from regulators, the combined company already is planning an expansion of its on-orbit assets, including two polar orbiting satellites that can bring capacity to the Arctic.
The bulk of business for both companies has in recent years been government military contracts, launching geosynchronous communications satellites. Both however have been under strong competitive pressure from the newer satellite constellations in lower orbit. Additionally, the push within the Space Force to shift from single large satellites to many redundant smallsats has put pressure on both companies.
This merger suggests a consolidation is occurring in these big old satellite companies as they struggle to adjust to a changing satellite market. Viasat for example was founded in 1986, while Inmarsat began in 1979, with both companies exclusively launching the traditional geosynchronous communications satellites. Both now are faced with new technologies in low Earth orbit, which has many advantages over high geosynchronous orbits. They need to adapt and change, or die.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Ok, so who actually owns these 2 companies?
a cursory search on Viasat yields this:
“The co-owners are a swedish media group called Nordic Entertainment Group (NENT) in the Nordic countries, Sony Pictures Television in Hungary and Viasat World internationally.”