Inmarsat buyout clears CFIUS review • iDirect buys Glowlink • FIFA blames Arabsat for enabling piracy18 Sep 2019, 16:40 UTC
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Inmarsat’s acquisition by Bidco passed a review by the Committee on Foreign Investment in the United States, which concluded that the $3.3 billion merger has “no unresolved national security issues,” Inmarsat and Bido said Sept. 18. Inmarsat, while located in the United Kingdom, provides satellite communications services for the U.S. military. Bidco said it anticipates the U.S. Federal Communications Commission will complete its review in the near future, keeping the merger on track to close by the end of the year. [Inmarsat/Bidco]
Satellite ground infrastructure company iDirect has acquired Glowlink, a signal interference company based in Mountain View, California. iDirect’s parent company ST Engineering in Singapore said the acquisition positions iDirect to meet an expected increase in demand for interference mitigation technologies as 5G mobile networks and the proliferation of smallsat constellations creates a more complicated spectrum environment. iDirect said its aggregate purchase consideration for Glowlink was $20 million, plus up to $5 million in employee retention payments. The merger follows ST Engineering’s proposed 250 million euro ($276.3 million) purchase of Newtec, announced in March. [ST Engineering]
Saudi Arabia-based satellite operator ...