Hey Kyriaco,
Speaking of where the company is globally, your find this morning is interesting, especially in light of Harvest's recent partnership with Speedcast
Will take a while to consolidate, but puts Harvest in a high visibility situation. The merger creates the largest satellite operator in the world.
Viasat have a long history of partnering and acquisition to build out their offering.
The strength of Harvest's technology and partnership with Inmarsat should stand them in good stead in terms of synergies with Viasat.Satcom Mega-Merger: Viasat Buys
Inmarsat for $7.3 BillionAmerican communications company Viasat has purchased the longest-running satcom company in the maritime industry, Inmarsat, for a total value of about $7.3 billion in cash, stock and debt.
Viasat intends to integrate Inmarsat's radio frequency spectrum, satellite fleet and ground-based assets into its global network.The combination will deliver more bandwidth at high-demand locations, like airports and seaports, along with lower latency (the time delay in the data connection). Publicly-listed Viasat is known for its success in the North American residential satcom market, providing households in rural America with affordable high speed internet - even in locations where there are no cable or DSL service options.It has succeeded in this competitive market using ultra-high-capacity satellite technology, delivering high bandwidth at lower cost. Viasat also operates in the aviation market, where it competed with Inmarsat, and in defense communications services for the U.S. military.
Notably, Viasat says that it will also be improving performance of the ground-side equipment for customers.
https://maritime-executive.com/article/satcom-mega-merger-viasat-buys-inmarsat-for-7-3-billionThe takeover would create the largest satellite operator in the world, with a combined annual revenue of probably close to $4 billion.The combined company intends to integrate the spectrum, satellite and terrestrial assets of both companies into a “global high-capacity hybrid space and terrestrial network, capable of delivering superior services in fast-growing commercial and government sectors”, Viasat said.
https://spacewatch.global/2021/11/viasat-to-buy-inmarsat-for-7-3-billion/
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Open | High | Low | Value | Volume |
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7 | 594348 | 0.015 |
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1 | 1000000 | 0.013 |
2 | 1340890 | 0.012 |
Price($) | Vol. | No. |
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0.018 | 324321 | 3 |
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