CMA launches Inmarsat probe
July 17, 2019 10.15 Europe/London By Julian Clover

(Wikimedia)
Britain’s competition watchdog has launched an investigation into the proposed takeover of Inmarsat.
In March the satellite communications operator agreed to take itself private after accepting a $3.4 billion cash bid from a private equity company.
The consortium comprises Apax Partners, Warburg Pincus and Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan Board. Apax is a former owner of the UK satellite communications firm. Together the consortium is known as Connect Bidco Limited.
The Competition & Markets Authority is launching the probe to check if the takeover may reduce competition in the market.
Inmarsat had previously rejected a bid from Echostar, which had renewed its interest in the company.