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Viasat named Kevin Harkenrider chief operating officer effective 2021-11-17 in Carlsbad, California.
Inmarsat (to be acquired by Viasat) plans to invest $100,000,000 over five years to prepare for deploying as many as 175 LEO satellites in addition to its 14 GEO and highly elliptical orbit spacecraft.
On 2021-11-16, Viasat Inc. and Embraer entered into a Buyer-Furnished Equipment (BFE) agreement to offer Viasat’s In-Flight Connectivity system as a line-fit option on Embraer’s family of E2 aircraft.
Multiple airlines, including Azul Airlines, have selected Embraer E2 aircraft equipped with Viasat’s IFC system directly from the factory.
Embraer delivered its E195-E2 type certificate with Viasat IFC line-fit to an airline customer in 2020.
Viasat received a Gold Award of the 2021 HIRE Vets Medallion Award from the U.S. Department of Labor.
Viasat partnered with the Ghana Space Science and Technology Institute (GSSTI) to open the RTE facility in Accra, Ghana.
Viasat launched its first Real-Time Earth (RTE) facility in Africa in Accra, Ghana on 2021-11-10.
Viasat RTE supports geosynchronous equatorial orbit (GEO), medium earth orbit (MEO), and low earth orbit (LEO) satellites using the S-, X-, and Ka-bands.
Viasat will issue approximately 46.36 million new Viasat shares to Inmarsat shareholders based on a Viasat closing price of $67.00 per share on 2021-11-05.
SpaceX is scheduled to launch Viasat’s first high-capacity Ka-band ViaSat-3 satellite to geostationary orbit using a Falcon Heavy rocket in the first half of next year.
CBC operates as a multinational beverage company in 35 countries and will start distributing the Viasat/Intercorp connectivity service in Guatemala and Jamaica.
Viasat plans to assume $2,100,000,000 principal amount of Inmarsat senior secured bonds as part of the transaction.
Viasat has agreed to buy British satellite fleet operator Inmarsat in a $7,300,000,000 deal.
The deal comprises $850,000,000 in cash, about $3,100,000,000 in Viasat equity, and the assumption of $3,400,000,000 of net debt.
Viasat will acquire Inmarsat in a transaction valued at $7,300,000,000.
The $7,300,000,000 transaction consideration includes $850,000,000 in cash, approximately 46.36 million newly issued Viasat common shares valued at $3,100,000,000 based on the 2021-11-05 closing price, and the assumption of $3,400,000,000 of net debt.
Viasat has obtained financing commitments for $2,300,000,000 of new debt facilities to complete the transaction.
Viasat and Inmarsat project the combined company will generate more than $4,000,000,000 in combined revenues and $1,400,000,000 in adjusted EBITDA.
The first ViaSat-3 satellite aims to cover the Americas, the second ViaSat-3 is targeted at Europe six months later, and a third ViaSat-3 is planned for Asia.