EU Approves Viasat’s Acquisition of Inmarsat, Set to Close This Month
June 2, 2023
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The European Union has given its unconditional approval for Viasat ($NASDAQ:VSAT) to acquire Inmarsat, meaning that the deal is expected to be finalized at the end of this month. This acquisition is expected to create an exciting new competition in the satellite communication sector. Viasat is a communications and technology company that provides advanced satellite communication services, including high-speed satellite internet access, streaming media services, voice communication, and secure networking solutions. The acquisition of Inmarsat by Viasat is expected to greatly improve their competitive position in the satellite communication sector. They will be able to leverage Inmarsat’s existing infrastructure and customers to expand their service offerings to a broader audience.
They also expect to benefit from Inmarsat’s expertise in maritime, aviation, and government markets. The combination of the two companies is expected to create an exciting new competition in the satellite communication sector. With the expected closing of this deal later this month, Viasat and Inmarsat will begin working together to create an even stronger player in the industry. This is an exciting time for both companies, as they look forward to the opportunities that this new venture will bring.
Share Price
On Tuesday, the European Commission approved VIASAT’s acquisition of Inmarsat, a London-based satellite communications company. Following this announcement, VIASAT’s stock opened at $45.5 and closed at $45.8, representing a 1.1% increase from its previous closing price of 45.3. The acquisition is expected to be completed by the end of May and will bring together two of the world’s leading satellite communications companies. This move will enable VIASAT to provide a broad range of high-speed satellite internet services throughout Europe.
Additionally, the combined company will be able to offer a full suite of tailored satellite communication services, including satellite TV, broadband internet, voice and data services for both commercial and consumer customers. Viasats_Acquisition_of_Inmarsat_Set_to_Close_This_Month”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Viasat. More…
| Total Revenues | Net Income | Net Margin |
| 2.56k | 1.08k | -8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Viasat. More…
| Operations | Investing | Financing |
| 436.88 | -1.13k | 643.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Viasat. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.73k | 3.87k | 33.9 |
Key Ratios Snapshot
Some of the financial key ratios for Viasat are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | 1.8% | -6.1% |
| FCF Margin | ROE | ROA |
| -27.1% | -3.0% | -1.3% |
Analysis
At GoodWhale, we recently conducted an analysis of VIASAT’s fundamentals. Our Risk Rating suggests that it is a medium risk investment, both from a financial and business aspect. We have detected 3 risk warnings in the balance sheet, cashflow statement and non financial areas, so make sure to become a registered user to view our full assessment. We recommend taking the time to research the company further before making any investment decisions. Afterall, your money is important to you and should be treated with care! Viasats_Acquisition_of_Inmarsat_Set_to_Close_This_Month”>More…
Peers
It has a portfolio of products and services for both commercial and government markets. The company operates in three segments: Satellite Services, Ground Networks, and Commercial Networks. Viasat Inc was founded in 1986 and is headquartered in Carlsbad, California. Wialan Technologies Inc is a provider of wireless networking solutions. The company offers a range of products and services for both commercial and government markets. Wialan Technologies Inc was founded in 2002 and is headquartered in Carlsbad, California. ADVA Optical Networking SE is a provider of optical and Ethernet-based networking solutions. The company offers a range of products and services for both commercial and government markets. ADVA Optical Networking SE was founded in 1984 and is headquartered in Martinsried, Germany. Cermetek Microelectronics Inc is a provider of microelectronic solutions. The company offers a range of products and services for both commercial and government markets. Cermetek Microelectronics Inc was founded in 1968 and is headquartered in Santa Clara, California.
– Wialan Technologies Inc ($OTCPK:WLAN)
ADVA Optical Networking SE is a German telecommunications company that provides fiber-optic data transmission systems and equipment for data centers, telecommunications service providers, and enterprises. The company has a market cap of 1.07B as of 2022 and a Return on Equity of 4.24%. The company’s products include Ethernet switches, routers, and transponders.
Summary
Viasat Inc. recently received unconditional approval from the European Union for its proposed acquisition of Inmarsat plc. For investors, the purchase will provide Viasat with increased satellite capacity and diversified assets. Analysts believe the deal could provide Viasat with a competitive edge in the satellite communications market and could result in a jump in revenue for the company, along with potential cost-saving opportunities.
Additionally, the purchase may open up Viasat’s customer base to new markets, giving them access to larger customer bases. Investors should continue to monitor the situation as the acquisition progresses.
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