VIASAT

VIASAT, INMARSAT REACH AGREEMENT WITH UK GOVERNMENT ON PLAN TO INCREASE HIGHLY-SKILLED JOBS AND R&D INVESTMENT IN UK SPACE SECTOR

Retrieved on: 
Monday, March 21, 2022
Risk, Anomaly, SEC, Environment, UK Government Decontamination Service, Atmosphere, CEO, Technology, Securities Exchange Act of 1934, Twitter, Securities Act of 1933, Solution, Aviation, Annual report, Deed, Industry, Corporate blog, Person, U.S. Securities and Exchange Commission, BEIS, Department, Uncertainty, Forward-looking statement, Business, Ownership, Enterprise, Instagram, Telecommunication, Social media, Company, LinkedIn, INMARSAT, Leadership, Government, Communication, Human resource policies, THE, Safety, TO, COVID-19, Facebook, Department for Business, Energy and Industrial Strategy, YouTube, Nature, Online gambling, Renewable energy, Fine chemical, Communications satellite, Public relations, Bank, Ka band, Inmarsat, VIASAT, Viasat

CARLSBAD, Calif. and LONDON, March 21, 2022 /PRNewswire/ -- Viasat and Inmarsat, the US and UK satellite communications groups, have agreed on a package of legally-binding economic undertakings with the UK Government's Department for Business, Energy and Industrial Strategy (BEIS) as part of the proposed combination of the two companies. BEIS welcomed the constructive discussions that have taken place with both companies on their future plans. The transaction remains subject to the regulatory processes of the UK.

Key Points: 
  • "We are fully committed to ensuring that our combination with Inmarsat supports the UK's National Space Strategy with additional investment and job creation," said Rick Baldridge, president and CEO of Viasat.
  • "I am confident that together we can build upon the UK's space agenda and help propel the country to the forefront of the global space race.
  • I want to thank the UK Government for their engagement and look forward to a productive relationship for decades to come."
  • Rajeev Suri, Inmarsat CEO, added: "With this agreement, the combination of Inmarsat and Viasat will result in more highly-skilled jobs and R&D investment in the UK than Inmarsat could achieve on a standalone basis.

VIASAT, INMARSAT REACH AGREEMENT WITH UK GOVERNMENT ON PLAN TO INCREASE HIGHLY-SKILLED JOBS AND R&D INVESTMENT IN UK SPACE SECTOR

Retrieved on: 
Monday, March 21, 2022
Risk, Anomaly, SEC, Environment, UK Government Decontamination Service, Atmosphere, CEO, Technology, Securities Exchange Act of 1934, Twitter, Securities Act of 1933, Solution, Aviation, Annual report, Deed, Industry, Corporate blog, Person, U.S. Securities and Exchange Commission, BEIS, Department, Uncertainty, Forward-looking statement, Business, Ownership, Enterprise, Instagram, Telecommunication, Social media, Company, LinkedIn, INMARSAT, Leadership, Government, Communication, Human resource policies, THE, Safety, TO, COVID-19, Facebook, Department for Business, Energy and Industrial Strategy, YouTube, Nature, Online gambling, Renewable energy, Fine chemical, Communications satellite, Public relations, Bank, Ka band, Inmarsat, VIASAT, Viasat

CARLSBAD, Calif. and LONDON, March 21, 2022 /PRNewswire/ -- Viasat and Inmarsat, the US and UK satellite communications groups, have agreed on a package of legally-binding economic undertakings with the UK Government's Department for Business, Energy and Industrial Strategy (BEIS) as part of the proposed combination of the two companies. BEIS welcomed the constructive discussions that have taken place with both companies on their future plans. The transaction remains subject to the regulatory processes of the UK.

Key Points: 
  • "We are fully committed to ensuring that our combination with Inmarsat supports the UK's National Space Strategy with additional investment and job creation," said Rick Baldridge, president and CEO of Viasat.
  • "I am confident that together we can build upon the UK's space agenda and help propel the country to the forefront of the global space race.
  • I want to thank the UK Government for their engagement and look forward to a productive relationship for decades to come."
  • Rajeev Suri, Inmarsat CEO, added: "With this agreement, the combination of Inmarsat and Viasat will result in more highly-skilled jobs and R&D investment in the UK than Inmarsat could achieve on a standalone basis.