ViaSat Partners With Eutelsat

ViaSat and France’s Eutelsat have completed their partnering arrangement which combines Eutelsat’s European broadband business with ViaSat’s broadband technology and internet service provider expertise.

The partnership will expand Eutelsat’s current wholesale broadband business and launch a new consumer retail service in Europe. Headquartered in Lausanne, Switzerland, the joint venture will consist of two businesses coordinating efforts to expand the European broadband market.

Eutelsat is contributing its current European broadband business including the KA-SAT satellite to the newly formed entity, owned 51% by Eutelsat. ViaSat has acquired a 49% interest in the business for a consideration of EUR132.5 million ($140.3 million). Retail services will focus on offering retail broadband services in the European and Mediterranean regions.

By Stephen Holmes