By Denny JacobViasat said Friday its proposed acquisition of Inmarsat was approved by the Federal Communications Commission. The satellite operator said the decision leaves the European Commission's competition review as the key ongoing regulatory process related to the deal. Viasat proposed in 2021 to acquire Inmarsat in a $7.3 billion deal. The deal would bolster Viasat to better compete with Starlink, the satellite-internet service operated by Elon Musk's SpaceX. Write to Denny Jacob at denny.jacob@wsj.com(END) Dow Jones Newswires05-19-23 1757ET

Source: Wall Street Journal May 20, 2023 09:58 UTC