UK Doing Phase-2 Review of Viasat/Inmarsat

The U.K.'s Competition and Markets Authority referred the proposed Viasat/Inmarsat deal to a phase 2 investigation, after its decision last week that the deal could hurt competition, the agency said Friday. The satellite operators said they will work with CMA "to demonstrate how the planned combination of the companies will benefit customers by improving efficiencies, lowering costs, and increasing the availability of in-flight connectivity around the world." The $7.3 billion deal was announced in November (see 2111080038).