LONDON (Reuters) – The Competition and Markets Authority (CMA) said on Tuesday it was looking whether the proposed acquisition of British satellite company Inmarsat <ISA.L> by a private equity-led consortium would affect the competitive landscape.
The watchdog invited interested parties to come forward with their comments by July 29.
Earlier this year Inmarsat was approached by a consortium which includes British-based Apax Partners, U.S.-based Warburg Pincus and the Canada Pension Plan Investment Board (CPPIB) with a cash bid valuing the business at $3.3 billion (£2.6 billion).
The company has previously drawn interest from U.S. satellite group EchoStar Corp <SATS.O>, which walked away from discussions last year after its bid was turned down.
Britain’s competition regulator has recently blocked merger attempts by supermarket chains Sainsbury <SBRY.L> and Walmart’s <WMT.N> Asda.
(Reporting by Pamela Barbaglia, editing by Louise Heavens)