Viasat's satellite operator was thinking about selling a service unit to government agencies

Viasat's satellite operator was thinking about selling a service unit to government agencies

Viasat, a satellite provider and the operator of the geostationary orbit constellation, is considering selling its unit working with government authorities, reporting to Bloomberg with reference to anonymous sources.

The company is currently working on this issue with a consultant involved in its decision, and it is suggested that a government encryption unit may be interested in defense companies and investment companies, a direction that brings about $120 million a year without accounting for costs: taxes, wear and depreciation of equipment.

Viasat's final decision has not yet been taken, and the sale of the unit may not take place.

Rumours about selling part of the business arose against the background of Viasat's desire to complete the takeover of the Inmarsat Group Holdings, which would allow the establishment of an enterprise with 19 satellites, and 10 more vehicles to go into orbit within the next three years. The deal is perceived by investors as an attempt to resist new players in the United States Starlink and the British OneWeb. In the meantime, the Competition and Markets Authority of Great Britain initiated a verification of Inmarsat's entry into Viasat.