The company says it has completed “a rationalization of roles in its global business”, to achieve both operational and cost efficiencies. It also expects to achieve $100 million in annual expense savings as a result of “ongoing Inmarsat integration”. The majority of its employees will continue to be located in the United States and the UK.
“Since we completed the acquisition of Inmarsat, our focus has been on accelerating our leading role in global mobile satellite communications by converging our technologies and organizational structures to deliver enhanced products and services to our customers,” said Guru Gowrappan, president of Viasat
“We will continue working to better unify our go-to-market approach, and maximize operational and capital productivity.”
CMA and Viasat
Back in May 2023, when the UK’s Competition and Markets Authority (CMA) approved the acquisition of the UK-based Inmarsat, the Chairman and CEO of Viasat, Mark Dankberg, said: “Additionally, this deal will also create new high-skill technology jobs, deepen Viasat’s capabilities in the UK, and ultimately help to deliver the goals of the UK’s National Space Strategy.”
Under the terms of the $7.3 billion deal, we reported last year, Viasat had given “economic undertakings” to the UK government department BEIS (Business, Energy and Industrial Strategy), including an expansion in the number of high skilled jobs in key areas, a 30% increase in overall R&D spending in the UK, and the international business headquarters being situated in the UK.
See also: UK’s competition authority concerned by proposed Viasat acquisition of Inmarsat
