Inmarsat takeover approved by UK regulator

Global communications company Viasat has cleared another hurdle in its long-proposed £5.4 billion takeover of UK-based maritime telecommunications group Inmarsat. 

The US-based competitor has received unconditional clearance from the UK's Competition and Markets Authority (CMA) to proceed with the acquisition following the conclusion of its Phase II review, which found that the transaction does not raise competition concerns.