UK regulator refers Viasat-Inmarsat merger for in-depth probe - Yahoo News

LONDON (Reuters) -Britain's contention regulator said connected Friday that it had referred Viasat's $7.3 cardinal takeover of outer rival Inmarsat for an in-depth investigation, raising chances of the woody getting delayed.

The determination comes a week aft the Competition and Markets Authority (CMA) raised concerns that the merger betwixt the American institution and Britain-based Inmarsat could hamper contention and pb to airlines facing higher prices for on-board wifi.

The watchdog said it referred the woody for further probe due to the fact that the merger has resulted oregon mightiness beryllium expected to effect successful a "substantial lessening of contention wrong a marketplace oregon markets" successful the UK, based connected the accusation it presently has.

(Reporting by Muvija M; editing by William James)