Viasat Inc Stock Price, News & Analysis

Viasat has reached a significant milestone by deploying its services to 50,000 locations across Brazil, enhancing internet access for over 9 million Brazilians through the Wi-Fi Brasil program. By becoming the first ISP to provide residential connectivity nationwide, Viasat closes the digital gap in remote areas. The partnership with Telebras enables over 20,000 internet access points, benefiting rural schools and communities. Additionally, a new localized brand reflects Viasat's commitment to Brazil's diverse culture and connectivity growth.

Viasat Inc. (NASDAQ: VSAT) has been selected by the European Space Agency (ESA) to conduct a study on multi-layered Satellite Communication (SATCOM) networks. The project aims to evaluate technical aspects, market segments, and potential use cases for future systems spanning various orbital types and frequency bands. The research is set to answer key questions about implementation and resilience in communications. Expected completion is in Q2 2023, providing valuable insights for UK, European, and allied nations on developing robust SATCOM capabilities.

Viasat Inc. (NASDAQ: VSAT) has delivered the second ViaSat-3 payload module to Boeing's facility in El Segundo, CA, for integration and testing. This satellite is set to provide broadband service across Europe, the Middle East, and Africa (EMEA) in 2023. The payload is designed to transmit data at rates exceeding 1 terabit per second, three times faster than its predecessor, ViaSat-2. This milestone enhances Viasat's progress towards expanded global broadband services. The first two satellites will cover the Americas and EMEA, with a third satellite planned for the Asia Pacific region.

Viasat (NASDAQ: VSAT) has been chosen by Virgin Atlantic to provide its in-flight connectivity (IFC) solution for 16 new Airbus A330-900 aircraft. The IFC system supports high-quality video streaming and browsing on multiple devices. The equipment will be factory-installed at Airbus' Toulouse site, ensuring internet service upon delivery. Viasat's capacity and adaptable satellite network will enable robust connections in high-demand areas. This partnership aims to enhance the in-flight experience for passengers traveling between the Americas and the UK, with services expected to launch in late 2022.

Viasat (NASDAQ: VSAT) announced that effective July 1, 2022, Mark Dankberg will resume the roles of chairman and CEO, while Rick Baldridge will become vice chairman. Baldridge will focus on completing the Inmarsat acquisition and integrating the two companies to achieve financial synergies identified. The leadership change follows strong shareholder approval for the merger. Dankberg, a co-founder of Viasat, will oversee day-to-day operations supported by COO Kevin Harkenrider, ensuring a smooth transition and operational effectiveness.

Viasat Inc. (NASDAQ: VSAT) has launched its New Choice home internet plans, offering residential customers in select U.S. markets download speeds of up to 150 Mbps. This increase in internet speed aims to enhance the user experience for downloading, streaming, and browsing. The plans include features like 4K streaming support and unlimited standard data, with pricing starting at $49.99/month. The company also anticipates further improvements with its forthcoming ViaSat-3 satellite constellation, expected to deliver even greater bandwidth and reliability.

Viasat Inc. (NASDAQ: VSAT) announced that its shareholders approved the acquisition of Inmarsat during a Special Meeting. The transaction is anticipated to close in the latter half of 2022, pending regulatory approvals and customary closing conditions. This acquisition aims to create a leading global communications company, enhancing innovation and providing a solid foundation for free cash flow. Viasat's CEO highlighted the overwhelming support from shareholders as a crucial milestone for future revenue and EBITDA growth.

Viasat Inc. (NASDAQ: VSAT) received a significant award from the U.S. Department of Defense to conduct research on 5G technology for Expeditionary Advanced Base Operations. This marks the third award under a $600M initiative aimed at enhancing battlefield communications. The four-year research will focus on network enhancements and agile software integration to support critical military operations. Key areas of interest include command and control, dynamic network planning, and the use of digital twin models.

Viasat (NASDAQ: VSAT) announced its participation in the Affordable Connectivity Program (ACP), providing discounted satellite internet to eligible households across the U.S. The ACP helps consumers afford broadband, offering up to $30 off per month or $75 for those on Tribal lands. Viasat enables internet access in underserved areas, with plans offering speeds up to 100 Mbps. The company aims to enhance its service through its upcoming ViaSat-3 satellite constellation, promising improved bandwidth and streaming capabilities.