Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

UK to scrutinise takeover of satellite firm Inmarsat

Euronews logo
Text size Aa Aa

LONDON (Reuters) – Britain said on Monday it would scrutinise the acquisition of satellite communications firm Inmarsat <ISA.L> by a private equity-led consortium to examine any potential impact on national security.

Inmarsat, which provides communications to shipping, aircraft, military forces and other groups worldwide, agreed in March to be acquired for $3.4 billion (£2.7 billion) in cash by a consortium comprising Apax, Warburg Pincus, Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan.

The British government said the Competition and Markets Authority would examine the competition and national security aspects of the deal, and would submit a report to the relevant minister by Sept. 17.

(Reporting by Paul Sandle; Editing by Alistair Smout)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.