Eutelsat sells 51% stake in Euro Broadband Infrastructure to Viasat
The stake will be sold for an initial consideration of $165.6m, subject to a customary net working capital and net debt adjustments at the time of completion.
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The stake will be sold for an initial consideration of $165.6m, subject to a customary net working capital and net debt adjustments at the time of completion.
The XVI satellite has already completed laboratory tests to simulate orbital velocity, time delays, and Doppler effect.
As part of the plan, Viasat is planning to build a constellation of nearly 300 LEO satellites that could deliver broadband service at low latencies.
NSR believes the overreaction by markets calls into question the long-term strategy adopted by several publicly listed operators.
The joint venture is the latest in a series of measures Telenor is taking to address its business structures and core systems.
The current plan is to see the first ViaSat-3 launched for service over the US early in 2021, and a European/MENA craft launching later in the same year.
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