Eutelsat and ViaSat Forming Joint Venture to Expand Satellite Broadband in Europe

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Go back to Eutelsat and ViaSat Forming Joint Venture to Expand Satellite Broadband in Europe

Viasat (VSAT) Reports In-Line Q3 EPS; Enters JV with Eutelsat Communications

February 9, 2016 4:09 PM EST

Viasat (NASDAQ: VSAT) reported Q3 EPS of $0.40, in-line with the analyst estimate of $0.40. Revenue for the quarter came in at $347.8 million versus the consensus estimate of $365.11 million.

Eutelsat Communications and ViaSat Inc. announced an agreement to create a joint venture combining Eutelsats current European broadband business with ViaSats industry-leading broadband technologies and consumer Internet Service Provider (ISP) business expertise.

Building on a decade-long relationship, Eutelsat and ViaSat are joining forces to create a partnership that will expand Eutelsats current wholesale broadband business and launch a new consumer retail service in... More