Viasat partners with Skylo for satellite connectivity trial in Saudi Arabia, showcasing innovative capabilities

From Nasdaq: 2024-11-28 11:22:00

Viasat, Inc. VSAT partners with Skylo for D2D satellite connectivity trial in Saudi Arabia, showcasing two-way messaging capabilities using commercial smartphones. The NTN service infrastructure was deployed in Viasat Gateways by Skylo, ensuring no interference with existing terrestrial networks.

D2D connectivity offers cost-effective communication solutions, reducing dead zones and upfront investments. Viasat’s collaboration with BSNL in India and recent venture in Saudi Arabia highlights its commitment to expanding its innovative satellite connectivity portfolio in emerging markets, positioning the company for long-term growth potential.

Viasat’s stock price has declined by 54% in the past year, underperforming the industry. With a Zacks Rank #4 (Sell), the company faces stiff competition from industry giants like AT&T and Comtech, impacting net sales. However, Viasat’s focus on developing the revolutionary ViaSat-3 broadband communications platform could drive future growth and market expansion.



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