California-based satellite operator Viasat is reportedly restructuring some of its debt obligations. Viasat now owns London’s Inmarsat, and Bloomberg reports that a group of banks, including JPMorgan Chase and Bank of America, are looking to offload about $1.35 billion of debt that was tied to the purchase of Inmarsat. The banks are reporetedly marketing a […]
For the past few years, London-based Inmarsat has planned to build its own low Earth orbiting mega-constellation, called ‘Orchestra’. It has now emerged that the scheme has probably been cancelled. Larry Paul, Inmarsat VP/corporate business development, speaking at the Smallsat Symposium in California, told delegates that Inmarsat had taken a hard look [at the concept] […]
Satellite operator Viasat has suffered Covid-based delays to launches of its trio of ViaSat-3 craft with the first of the three, serving the Americas, suffering a modest slippage and not now launching until “early 2023” instead of a “by December 2022” initially planned date. SpaceX will launch the craft. The late launch will impact Viasat’s […]
Ciena Corporation a networking systems, services and software company, has entered into a definitive agreement to acquire Tibit Communications, a privately-held company headquartered in Petaluma, California, and that it has acquired Benu Networks, Inc., a privately-held company headquartered in Burlington, Massachusetts. Tibit and Benu are focused on simplifying broadband access networks through next-generation PON technologies […]
California-based Viasat has told shareholders that its Q1 results are on track and that the operator is “confident” in achieving its 2023 expectations. Revenue for Q1/2023 – its current trading year – was $678 million (€662m), a 2 per cent Y-o-Y increase from Q1/2022. “Satellite Services earned record revenue in Q1/2023, where growth in in-flight […]
California-based Viasat has introduced what it describes as its “fastest-ever” internet service plan. Customers in select US markets can now subscribe to Viasat’s new residential plans that will offer “blazing high-speed connections”, allowing customers to do more, faster – from downloading and streaming more movies, videos and content to enjoying a speedier web browsing experience. […]
Netflix has axed around 150 staff, just a few weeks after the streaming giant reported it was losing subscribers for the first time in a decade. The redundancies, confirmed by Netflix on May 17th, will mainly affect its US office in California. They account for some 2 per cent of its North American workforce. “These […]
California-based Viasat, in a formal proxy filing to Securities & Exchange Commission (SEC), says it will soon be calling a special meeting of stockholders to approve its planned purchase of London-based Inmarsat for $3.95 billion (€3.75bn) comprising $850 million in cash, plus 46.36 million shares of Viasat common stock. Viasat started its acquisition process on […]
The routine launch of a SpaceX rocket on April 17th from Vandenberg Space Force Base (and a flawless landing for the booster back at the air force base) in California kicked of an intense period of activity for the Elon Musk-owned business. Today (April 21st) should see another batch of 53 Starlink satellites launched from […]
The images of a destroyed Antonov aircraft (registered number An-225), and one of the planet’s very largest aircraft, went around the world showing it destroyed in a hanger at an airfield near Kyiv. Its loss will have an immediate impact on the delivery of some urgently needed satellites. AN-225, dubbed Mriya (Dream) was blown to […]