Deals
U.K. Intervenes in Inmarsat Sale on National Security Basis
- Decision follows regulator’s recommendation to review deal
- Inmarsat’s satellites link critical government functions
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The U.K. government is intervening in the $3.4 billion sale of satellite operator Inmarsat Plc to a group of funds on national-security grounds.
The decision follows a recommendation last week by the Competition and Markets Authority to test whether the takeover announced in March raised public-interest concerns or could endanger national security.