Viasat affirms commitments to bring its powerful ViaSat-3 satellite to Europe
(6 April 2018 - Viasat) Viasat has confirmed it will not be moving forward with Eutelsat Communications on a deal for use of the ViaSat-3 satellite, due to Eutelsat's decision to pursue a local market alternative.
Viasat President and Chief Operating Officer Rick Baldridge released the following statement: "Viasat remains excited about its ViaSat-3 program for Europe, Middle East and Africa (EMEA), which is well underway and on track. The Company believes there is significant interest in the ViaSat-3 program from prospective regional partners, as ViaSat-3 is expected to be the highest capacity communications satellite system in the world when it launches. The ViaSat-3 satellite for EMEA is expected to serve more than 1 Terabit per second (Tbps) of total network capacity to meet the growing broadband needs of residential, commercial aviation, maritime, enterprise and government sectors."
As there was no binding agreement with Eutelsat for the ViaSat-3 EMEA satellite, Viasat's capital plan is not dependent on Eutelsat's participation to proceed with the ViaSat-3 program.
Viasat also confirmed that Eutelsat'sViaSat-3 decision has no direct impact on existing contracts. Baldridge continued, "The current Viasat / Eutelsat joint venture, which has been in operation for more than one year, will continue to be governed under the existing agreements. Viasat's joint ownership of the KA-SAT satellite is currently serving Viasat's commercial aviation and government customers as well as direct-to-home residential subscribers throughout Europe."
Viasat and Eutelsat closed a broadband joint venture in March 2017 that gave Viasat joint ownership of the KA-SAT satellite. The joint venture also enabled Viasat to create a new consumer retail service in Europe, which is currently in early-stage operations and focuses on bringing enhanced broadband internet service plans to select European countries.
Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 30 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea.