Outgoing culture secretary Nicky Morgan has waived through the private equity takeover of British satellite communications firm Inmarsat.
Britain’s competition watchdog has launched an investigation into the proposed takeover of Inmarsat.
Inmarsat is to become a private company after accepting a $3.4 billion cash bid from a private equity company.
Inmarsat is considering a £2.5 billion takeover offer from a private equity consortium that includes one of its former owners.
German broadcaster ProSiebenSat.1 has appointed Nick Thexton to the newly created position of Chief Technology Officer, as the company continues to advance the technological transformation of its business.
Eutelsat Communications has said it does not intend to make a bid for mobile satellite communications operator Inmarsat.
Eutelsat Communications has confirmed it is evaluating a possible bid for Inmarsat.
ViaSat, Eutelsat and Panasonic have lodged a complaint with the European Court of Justice seeking an injunction on the proposed service by Inmarsat for WiFi connectivity in planes.
Rodolphe Belmer, CEO of Eutelsat, has denounced certain practices of its competitor Inmarsat, claiming it uses illegal practices providing broadband connection services on board of aircrafts.
German telco Deutsche Telekom and UK-based mobile satellite communications provider Inmarsat have teamed up to bring inflight high-speed internet services to Europe’s aviation industry.