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Viasat Inc. will purchase the remaining 51% share of Euro Broadband Infrastructure (EBI).
Eutelsat opted in 2018 to build its own Konnect Very High Throughput Satellite instead of investing in Viasat 3 coverage of Europe, the Middle East, and Africa.
Viasat and Eutelsat established a European joint venture in 2016.
Viasat plans to launch Viasat-3 Americas in late 2021.
Viasat plans to launch a second Viasat-3 covering Europe, the Middle East, and Africa in 2022.
Viasat will purchase the remaining assets of the European joint venture it established with Eutelsat Communications for 140,000,000 EUR, including the KA-SAT broadband satellite.
By gaining full control of KA-SAT, Viasat can further expand its mobility business and establish operations and market presence ahead of the ViaSat-3 service launch.
Viasat plans to use KA-SAT and its associated infrastructure to perform experiments, make network changes, and establish distribution across Europe in preparation for Viasat 3.
Viasat’s established retail broadband services business in Europe offers enhanced home internet service in select European countries including Spain, Norway, and Poland.
Viasat acquired the 51% controlling interest in EBI for 140,000,000 EUR, subject to customary net working capital and net debt adjustments.
Prior to Viasat’s purchase, Eutelsat owned 51% and Viasat owned 49% of Euro Broadband Infrastructure, which operated KA-SAT and a wholesale broadband distribution business.
Viasat will fund the purchase price with available cash, resulting in a cash outlay of 50,000,000 EUR net of approximately 90,000,000 EUR of EBI’s cash on hand.
Viasat will purchase the remaining 51% share of Euro Broadband Infrastructure (EBI) from Eutelsat for €140M subject to customary net working capital and net debt adjustments.
Eutelsat initially owned 51% of EBI while Viasat initially owned 49% of EBI.
Viasat’s RTE service supports next-generation and legacy low Earth orbit satellites using the S-, X-, and Ka-bands.
Viasat’s RTE service offers pay-per-use affordability and reduced latency through automation and geographic diversity.
Viasat expected the first phased array prototype for the O3b mPOWER network to be delivered to SES in early 2021.
Viasat’s Real-Time Earth service supports next-generation and legacy low Earth orbit satellites using the S-, X-, and Ka-bands.
Viasat’s Real-Time Earth service offers pay-per-use ground-segment-as-a-service with affordability and reduced latency through automation and geographic diversity.
Viasat plans its own low Earth orbit satellite system in addition to operating existing and future geostationary satellites.