Acquisition of Connect Topco Limited by Viasat, Inc.
Updated 10 July 2023
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1. On 15 September 2022, the Parliamentary Under Secretary of State for Business, Energy and Industrial Strategy (바카라 사이트渢he Minister바카라 사이트�) on behalf of the Secretary of State for Business, Energy and Industrial Strategy has made a final order pursuant to section 26 of the National Security and Investment Act 2021 (바카라 사이트渢he Act바카라 사이트�), which comes into force on the date on which the acquisition is completed.
2. The Parties who are subject to the order are:
i. Inmarsat Group Holdings Limited (바카라 사이트淚nmarsat바카라 사이트�)
ii. Viasat, Inc. (바카라 사이트渢he Acquirer바카라 사이트�)
3. The Acquirer will gain control of the qualifying entity, Connect Topco Limited, upon completion by increasing the percentage of shares held in the qualifying entity from less than 75% to 75% or more (바카라 사이트渢he Acquisition바카라 사이트�). The Acquisition constitutes a trigger event under section 8(2)(c) of the Act.
4. The national security risks in this case relate to:
i. the protection of information and
ii. the maintenance of strategic capabilities.
5. The final order provides assurance that:
i. controls are in place to protect information from unauthorised access, and
ii. strategic capabilities continue to be provided by Inmarsat and Viasat to the UK government.
6. The Minister considers that the final order is necessary and proportionate to mitigate the risk to national security.