Viasat partners with Azercosmos to expand satellite services in Azerbaijan and beyond

From Nasdaq: 2024-05-24 12:31:00

Viasat Inc. (VSAT) partners with Azercosmos to provide satellite services in Azerbaijan and beyond, offering telecommunications services to public and private sectors. The company plans to expand into Asia, the Middle East, Africa, and Europe, utilizing Viasat’s L-band satellite services for seamless connectivity in various applications.

Viasat’s Satellite Services business is thriving with impressive growth in ARPU and revenues, attributed to a solid retail distribution network and increasing adoption of in-flight Wi-Fi services. The company stands out in bandwidth economics and global coverage, positioning itself for significant improvement in IFC revenues despite a 64.7% stock decline in the past year.

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Read more at Nasdaq: Viasat (VSAT), Azercosmos Team Up to Boost Satellite Communication