The UK's competition regulator has launched an investigation into a proposed takeover of Inmarsat. A £2.6bn ($3.2bn) deal to acquire the company, which is Britain’s largest satellite communications provider, had been agreed by a consortium of investors, including Apax, Warburg Pincus and two Canadian pension schemes. In its statement, Ofcom said it was “aware that there are concerns about whether this transaction would be in line with UK regulatory requirements”.
The UK's competition regulator has launched an investigation into a proposed takeover of Inmarsat. A £2.6bn ($3.2bn) deal to acquire the company, which is Britain’s largest satellite communications provider, had been agreed by a consortium of investors, including Apax, Warburg Pincus and two Canadian pension schemes. However, fears have been raised concerning the impact of the takeover on prices, with a decision on whether to allow the deal to proceed or to launch an in-depth inquiry due on 10 September.