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Viasat Advances Multi-Orbit Services Roadmap

1. Viasat integrates Telesat Lightspeed LEO into its multi-orbit network. 2. New services promise enhanced connectivity and reliability for mobility and defense. 3. The agreement supports Viasat's growth in commercial aviation connectivity. 4. Multi-orbit solutions anticipated to improve performance and reduce costs. 5. Partnerships expected to drive capital efficiency and industry-leading resource utilization.

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Why Bullish?

The strategic partnership enhances Viasat's service offerings, likely attracting new customers and revenues. Similar past partnerships have led to revenue growth in the satellite industry.

How important is it?

The announcement's details on multi-orbit solutions and partnerships are critical for long-term growth, directly influencing investor perception and future earnings potential.

Why Long Term?

The integration will take time to implement fully, with benefits accruing as new services are rolled out. Historically, strategic partnerships in similar sectors have taken time to significantly impact stock performance.

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TSAT
CARLSBAD, Calif., April 07, 2025 (GLOBE NEWSWIRE) -- Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced the advancement of its multi-orbit services roadmap. Viasat has signed an agreement with Telesat (Nasdaq and TSX: TSAT) to integrate Telesat Lightspeed LEO Ka-band capacity into its multi-orbit network to deliver a new standard of connectivity across its mobility and defense business portfolio. The LEO capacity from Telesat Lightspeed will be seamlessly integrated with Viasat’s ultra-high throughput satellites to offer customers fast, highly reliable, robust and cost-effective connectivity services. Those services will be backed by the industry’s most comprehensive Service Level Agreements (SLAs), promoting reliable broadband connections even in the highest demand geographic locations including hub airports, seaports, and other high traffic routes and locations. The agreement is another step forward for Viasat’s multi-orbit network roadmap, which already serves government, maritime and energy services businesses, and is being expanded to incorporate all the company’s growth markets, including commercial aviation’s leading in-flight integrated connectivity and entertainment solutions. Telesat Lightspeed is designed to be a highly advanced, flexible and resilient LEO constellation that is expected to enhance Viasat’s ability to deliver its customers a superior, multi-orbit, differentiated broadband connectivity solution. “A very broad range of mobility customers in every vertical market, whether global or regional, are interested in multi-orbit solutions that are cost effective, offer assurances of high performance, and are resilient to intentional or unintentional service disruptions. By leveraging our own satellite fleet and its unique advantages, existing national operator partnerships, plus coverage and capacity from leading third-party satellites and constellations, our services are designed to provide customers with the essential capacity density, market access, speed, bandwidth and responsiveness they need. Importantly, we have continued to innovate advanced multi-orbit resource management techniques to reduce costs and expand geographic coverage to better serve the unique needs of each mobility and defense customer,” said Mark Dankberg, Chairman and CEO, Viasat. “In forming key partnerships with multiple GSO and NGSO operators, we are well-positioned to support delivery of Viasat’s next-generation services, achieve industry-leading resource utilization, and drive capital efficiency. In parallel, we are working to ensure equitable access to finite space resources and support regulatory certainty enabling multi-orbit solutions and related infrastructure to thrive in a shared and sustainable way.” About ViasatViasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people’s lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube. Copyright © 2025 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat Signal are registered trademarks in the U.S. and in other countries of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.  Viasat, Inc. Contacts:Jonathan Sinnatt/Scott Goryl, Corporate Communications, PR@viasat.comLisa Curran/Peter Lopez, Investor Relations, IR@viasat.com Forward-Looking Statements This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include among others, statements related to the integration of Telesat Lightspeed LEO Ka-band capacity into Viasat’s multi-orbit network; the features, performance and benefits of the resulting services, including regarding SLAs; our ability to provide the capacity density, market access, speed, bandwidth and responsiveness that customers desire; the benefits of partnerships with NGSO operators, including enhanced resource utilization and capital efficiency; and the expansion of multi-orbit offerings to all Viasat growth markets. Readers are cautioned that actual results could differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: our ability to successfully implement our business plan for our broadband services on our anticipated timeline or at all; risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; contractual problems; product defects; manufacturing issues or delays; regulatory issues; changes in relationships with, or the financial condition of, key suppliers; technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and other factors affecting the mobility and defense sectors generally. In addition, please refer to the risk factors contained in Viasat's SEC filings available at www.sec.gov, including Viasat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.

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