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ViaSat inks deal with French firm

Carlsbad’s ViaSat Inc. (Nasdaq: VSAT) has entered what it describes as a “pioneering agreement” to expand its services in North America, Europe and around the Mediterranean.

ViaSat on Tuesday announced it signed an agreement with Paris-based Eutelsat (NYSE Euronext Paris: ETL) that will enable service access and roaming on each other's high-capacity satellite networks, ViaSat-1 and KA-SAT. ViaSat said the deal will impact an array of fixed and mobile services within the combined coverage areas, including in-flight connectivity, maritime, emergency relief, oil and gas operations, and government applications.

The deal also includes provisions for future satellites and follow-on technologies, such as ViaSat-2, which is scheduled for launch in 2016 to cover a broader footprint in North America, Central America, the Gulf of Mexico, the Caribbean and the North Atlantic, where it will provide a bridge to Eutelsat's coverage area.

Mark Dankberg, ViaSat chairman and CEO, said the deal would be one more step toward "covering the high traffic areas of the world with the fastest, most affordable mobile broadband satellite connectivity," including "the fastest in-flight Wi-Fi available on both sides of the Atlantic."

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ViaSat Inc.

Company Website

6155 El Camino Real
Carlsbad, CA 92009

Company Trade Data

Stock Symbol Close
Chg %Chg
High Low
- 1.23%

Insider Trade Data

Date Insider Shares Type Value
10/15/2015 Nash, Jeffrey M 3,000 Sell $198,810
10/07/2015 Estes, Steve 41,563 Exchange $1,715,825
10/07/2015 Estes, Steve 41,563 Sell $2,909,410
10/01/2015 Baldridge, Richard A 75,000 Exchange $2,208,750
10/01/2015 Baldridge, Richard A 75,000 Sell $4,713,190

ViaSat Inc. Executive(s):

Mark Dankberg

  • Chairman, Chief Executive Officer

Richard Baldridge

  • Chief Operating Officer, President

Bruce Dirks

  • Chief Financial Officer

Howard Pace

  • Vice President, Chief Strategist

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NAICS - 334220 - Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing

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