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CARLSBAD, Calif., and LONDON, June 3, 2021 /PRNewswire/ Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced it signed a Ka-band capacity lease agreement with Avanti Communications Group plc (Avanti) to provide additional coverage and capacity across the Middle East and Western Europe ahead of its ViaSat-3 global constellation to support Viasat s expanding global mobility and enterprise businesses, specifically across aviation, maritime and energy.
Viasat and Avanti have a long-standing relationship, having signed prior Ka-band capacity lease agreements. This new agreement augments Viasat s KA-SAT satellite coverage and capacity and will initially be leveraged to serve new mobility customers in the region.
Viasat, a global communications company, today announced it signed a Ka-band capacity lease agreement with Avanti Communications Group plc (Avanti) to.
May 6, 2021
Rob Miller, in his boat Old School, makes a run at Hidden Lake near Buckeye during last month’s Spring Shootout, sponsored by the Arizona Drag Boat Association. (Photo by Alina Nelson/Cronkite News)
Donald Wilson started racing drag boats 21 years ago, but the Spring Shootout last month was only his second time out since picking the sport back up. (Photo by Alina Nelson/Cronkite News)
Drivers waiting for the lanes to clear hold their place by grabbing a rope draped across Hidden Lake. (Photo by Alina Nelson/Cronkite News)
Arizona Drag Boat Association races have 10 competition classes: Personal Water Craft, River Racer, Stock Eliminator, Modified Eliminator, Top Eliminator, Pro Eliminator, Quick Eliminator, Blown Gas Flat, Pro Outlaw and Top Alcohol Flat. (Photo by Alina Nelson/Cronkite News)
Viasat has completed its acquisition of RigNet, making Viasat a vertically-integrated player in the energy sector. The deal was first announced in late December 2020, and was an all-stock transaction valuing RigNet at $222 million.
RigNet’s stockholders approved the transaction on April 21, 2021 and the close of the deal was announced on April 30.
RigNet is a managed communications service provider in the energy industry. In its 2020 fiscal year, the company saw its revenues decrease 14.4% compared to 2019, due to a continued economic slump in the energy sector.
With this acquisition, Viasat plans to expand into renewable energy, transportation, maritime, mining and other enterprise markets. The RigNet team will continue to be primarily based out of Houston, Texas, and will join Viasat’s Global Enterprise & Mobility business, led by business Jimmy Dodd.