Viasat gained 100% ownership of the KA-SAT satellite and related ground infrastructure, which provides satellite coverage over Europe and the Mediterranean region.
Viasat Inc., a global communications company, has announced it completed the purchase of Euro Broadband Infrastructure Sàrl (“EBI”), the wholesale broadband services business created as part of Viasat’s former partnering arrangement with Eutelsat Communications.
By purchasing the remaining 51% share of EBI from Eutelsat, Viasat gained 100% ownership of the KA-SAT satellite and related ground infrastructure, which provides satellite coverage over Europe and the Mediterranean region. With complete ownership of these assets, Viasat can continue to diversify its business portfolio in Europe, while establishing operations, distribution and sales for its growing retail, enterprise, mobility and government businessesahead of its Europe, Middle East and Africa (EMEA)-focused ViaSat-3 satellite.
Commenting on the acquisition, Rick Baldridge, Viasat’s President and Chief Executive Officer, said: “With the EBI purchase now complete, we can more aggressively move forward with growing our European broadband business and introduce new service offeringsbefore the launch of our ViaSat-3 EMEA satellite. This deal provides a foundation for growth and investment in the European region in addition to Africa and the Middle East. We can now set in motion our multi-tiered partner and distribution strategy, while trialling new ‘ViaSat-3 like’ home internet plans and new mobility offerings that best consider the needs and requirements of the local market dynamics as well as consumer and enterprise appetites for broadband.”
The transaction was initially announced on November 19, 2020.