Viasat Completes Sale of Energy Services Systems Integration Business
ViaSat, Inc. (VSAT)
Last viasat, inc. earnings: 2/6 04:05 pm
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Source: PR Newswire
CARLSBAD, Calif., Dec. 18, 2024 /PRNewswire/ -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that it has completed the divestiture of its Energy Services System Integration (SI) business to US-based private investment firm MAG Capital Partners. No further transaction details were announced.Gary Chase, Chief Financial Officer, Viasat said: "We are focused on taking strategic actions and continuously looking at ways to enhance our financial position and unlock value. This transaction is part of Viasat's strategy to actively manage our portfolio. While the SI business is a vibrant, stand-alone operation, it has minimal strategic synergies with our core growth businesses."It made strong sense for the future of the SI business – its employees and customers – to find a new owner prioritizing large-scale telecoms project work to allow the business to reach its full potential. In MAG Capital Partners, we believe we have found an owner that will hel
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News
- Will Viasat's Non-Core Asset Sale for Core Focus Aid the Stock? [Yahoo! Finance]Yahoo! Finance
- Viasat Completes Sale of Energy Services Systems Integration Business [Yahoo! Finance]Yahoo! Finance
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- Viasat Selected by Defense Innovation Unit to Deliver Resilient Network Orchestration Software for Replicator Autonomous SystemsPR Newswire
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VSAT
Earnings
- 11/6/24 - Beat
VSAT
Sec Filings
- 12/16/24 - Form 4
- 12/12/24 - Form 144
- 11/20/24 - Form 4
- VSAT's page on the SEC website