Viasat Comments on Letter from Carronade Capital Management
Viasat (NASDAQ:VSAT) has responded to a letter from Carronade Capital Management, affirming its commitment to shareholder value maximization. The company, which specializes in satellite communications, in-flight connectivity, and military communications, emphasized its ongoing strategy to enhance earnings power and deliver sustainable operating and free cash flow.
The management team stated they will carefully evaluate Carronade's proposals while focusing on reducing leverage and reviewing their portfolio. Viasat expressed openness to maintaining constructive dialogue with all stakeholders, including Carronade Capital Management.
Viasat (NASDAQ:VSAT) ha risposto a una lettera di Carronade Capital Management, ribadendo il proprio impegno a massimizzare il valore per gli azionisti. L'azienda, specializzata in comunicazioni satellitari, connettività in volo e comunicazioni militari, ha sottolineato la sua strategia continua per migliorare la capacità di guadagno e garantire flussi di cassa operativi e liberi sostenibili.
Il team di gestione ha dichiarato che valuterà attentamente le proposte di Carronade, concentrandosi sulla riduzione dell'indebitamento e sulla revisione del proprio portafoglio. Viasat si è detta aperta a mantenere un dialogo costruttivo con tutti gli stakeholder, inclusa Carronade Capital Management.
Viasat (NASDAQ:VSAT) ha respondido a una carta de Carronade Capital Management, reafirmando su compromiso con la maximización del valor para los accionistas. La compañía, especializada en comunicaciones satelitales, conectividad en vuelo y comunicaciones militares, destacó su estrategia continua para mejorar su capacidad de generación de ingresos y ofrecer flujos de caja operativos y libres sostenibles.
El equipo directivo declaró que evaluará cuidadosamente las propuestas de Carronade, enfocándose en reducir el apalancamiento y revisar su cartera. Viasat expresó su disposición a mantener un diálogo constructivo con todos los interesados, incluyendo a Carronade Capital Management.
Viasat (NASDAQ:VSAT)는 Carronade Capital Management의 서한에 대해 주주 가치 극대화에 대한 의지를 재확인하며 응답했습니다. 위성 통신, 기내 연결성 및 군사 통신을 전문으로 하는 이 회사는 수익력 향상과 지속 가능한 영업 및 자유 현금 흐름 제공을 위한 지속적인 전략을 강조했습니다.
경영진은 Carronade의 제안을 신중히 검토할 것이며, 부채 축소와 포트폴리오 검토에 집중할 것이라고 밝혔습니다. Viasat는 Carronade Capital Management를 포함한 모든 이해관계자와 건설적인 대화를 유지할 의향이 있음을 표명했습니다.
Viasat (NASDAQ:VSAT) a répondu à une lettre de Carronade Capital Management, réaffirmant son engagement à maximiser la valeur pour les actionnaires. L'entreprise, spécialisée dans les communications par satellite, la connectivité en vol et les communications militaires, a souligné sa stratégie continue visant à améliorer sa capacité de gain et à générer des flux de trésorerie opérationnels et libres durables.
L'équipe de direction a déclaré qu'elle évaluerait attentivement les propositions de Carronade, tout en se concentrant sur la réduction de l'endettement et la révision de son portefeuille. Viasat a exprimé son ouverture à maintenir un dialogue constructif avec toutes les parties prenantes, y compris Carronade Capital Management.
Viasat (NASDAQ:VSAT) hat auf ein Schreiben von Carronade Capital Management reagiert und sein Engagement zur Maximierung des Aktionärswerts bekräftigt. Das Unternehmen, das sich auf Satellitenkommunikation, Konnektivität im Flugzeug und militärische Kommunikation spezialisiert hat, betonte seine fortlaufende Strategie zur Steigerung der Ertragskraft und zur Sicherstellung nachhaltiger operativer und freier Cashflows.
Das Management-Team erklärte, dass es die Vorschläge von Carronade sorgfältig prüfen werde, während es sich auf die Verringerung der Verschuldung und die Überprüfung seines Portfolios konzentriere. Viasat zeigte sich offen für einen konstruktiven Dialog mit allen Stakeholdern, einschließlich Carronade Capital Management.
- None.
- Presence of activist investor involvement suggests potential governance or performance concerns
CARLSBAD, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ:VSAT) (“Viasat” or “the Company”), a global leader in satellite communications, today issued the following statement in response to a letter from Carronade Capital Management.
"Viasat consistently engages in dialogue with its shareholders and welcomes constructive input focused on maximizing shareholder value. As a leader in satellite infrastructure and connectivity, in-flight connectivity and critical military and government communication, Viasat is well-positioned to compete globally.
The Company’s Board of Directors and management team are committed to acting in the best interests of all shareholders. We are focused on executing Viasat’s strategy to strengthen our franchises’ earnings power, deliver sustainable, compelling operating and free cash flow, and reduce leverage while we review our portfolio to maximize long-term shareholder value.
The Board and management team will carefully evaluate Carronade’s ideas. We look forward to continuing a constructive and collaborative dialogue with all our stakeholders, including Carronade.”
About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people's lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube.
Viasat, Inc. Contacts
Lisa Curran, Investor Relations, +1 (760) 476-2633, IR@viasat.com
Peter Siwinski, Danya Al-Qattan, Kelsey Markovich, FGS Global, +1 (415) 618-8750, viasat@fgsglobal.com
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