A planned $7.3 billion (£6.5 billion) takeover of satellite firm Inmarsat by American rival Viasat suffered a setback today as the UK’s competition watchdog said it was referring the case for an in-depth investigation.
The Competition and Markets authority said it feared the deal would result in a “substantial lessening of competition” in the UK, which could see airlines facing high prices to use satellite services, passing the cost on to consumers.
