Latest news with #VSAT
News18
3 days ago
- Business
- News18
Google, Starlink To Boost India's Digital Infrastructure? Exclusive From Govt Sources
Last Updated: News18 has exclusively accessed the Centre's approval letter to Starlink. News18 spoke to senior government sources on what the developments could mean for India India's digital infrastructure is set to get a boost. While Google plans to set up a key data centre in India, Starlink has received a licence authorisation for its services in the country. News18 has exclusively accessed the Centre's approval letter to Starlink. News18 spoke to senior government sources on what this could mean for India. 'Any Internet connectivity is good. Look at the amount of data India consumes. In such a scenario, a Google data centre could easily improve services and reduce the costing, which is great news," sources said. 'Apart from costing and connectivity, such a move would also boost India's global image as an international digital hub. The improvement in global sentiment always works in favour of the country," said sources. Mumbai, Kochi and Chennai have cable landing centres. The move would reinforce India's role as a key market for Google's AI and cloud growth strategy. 'Data centre will need land. Cables in Mumbai and Kochi would be key to provide services to South Asia." However, sources said the licensing provisions need to be thrashed out. 'Security should be taken into consideration. India could put a cap in case of cyber attack or a clause seeking cooperation." Earlier, reports had stated that Google was reportedly close to acquiring a 22.5-acre plot in Navi Mumbai to develop its first self-built data centre in the country. This expansion had come in the wake of Google strengthening its commitment to supporting the rapid adoption of AI and cloud technologies in India. The LoI granted: 'Unified License with authorizations for VSAT(National Area), ISP A(National Area) and GMPCS (National Area) on non-exclusive basis subject to the guidelines of Unified License dated 17.01.2022 and as amended from time to time". 'The Letter of Intent (Lol) is being issued based on the information/certificate submitted by your application ID UL20221041 dated 08.02.2024 and UL 20210651 dated 14.10.2022 with the condition that at a later date if the information/certificate is found wrong or misleading, the license shall be liable to be terminated. Further, if the information/ certificate/ undertaking being submitted by the company along with the compliance of the Lol, is found wrong or misleading at a later date, then also, the license shall be liable to be terminated or any other action as deemed fit by the licensor," it said. First Published:
Yahoo
21-05-2025
- Business
- Yahoo
Viasat Inc (VSAT) Q4 2025 Earnings Call Highlights: Navigating Challenges with Strategic Innovations
Revenue: $1.15 billion for Q4 fiscal 2025; $4.5 billion for the full fiscal year 2025. GAAP Net Income: $246 million loss for Q4 fiscal 2025; $575 million loss for the full fiscal year 2025. Adjusted EBITDA: $375 million for Q4 fiscal 2025 with a 32.7% margin; $1.55 billion for the full fiscal year 2025 with a 34.2% margin. Free Cash Flow: Approximately $50 million for Q4 fiscal 2025. CapEx Reduction: Reduced combined fiscal 2025 and 2026 CapEx by close to $300 million. Commercial Aviation: 4,030 service aircraft, up 10%; backlog of 1,600, up 18%. Business Aviation: More than 2,000 service aircraft, up 12% year over year. Maritime Revenue: Down 8% as expected to trough in Q4 fiscal 2025. Government SATCOM Revenue: Growth of 16%. DAT Revenue: Up 11% for Q4 fiscal 2025 and 17% for the full fiscal year 2025. Operating Cash Flow: More than $900 million for fiscal year 2025, over 30% growth from fiscal 2024. Debt Management: Redeemed $443 million of '25 notes post-quarter end; plan to pay down $300 million of Inmarsat Term Loan B during fiscal 2026. Warning! GuruFocus has detected 7 Warning Signs with VSAT. Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Viasat Inc (NASDAQ:VSAT) achieved record new contract awards growth and met or beat its guidance metrics for fiscal 2025. The company successfully integrated the first ViaSat-3 F1 into its global network, enhancing user experience and network efficiency. Viasat Inc (NASDAQ:VSAT) introduced several network optimization innovations, delivering substantial efficiency and user experience gains. The company made significant progress on its capital structure, reducing capital intensity and enhancing financial transparency with new reporting segments. Viasat Inc (NASDAQ:VSAT) reported solid double-digit growth in operating cash flow and reduced capital expenditures by close to $300 million over fiscal 2025 and 2026. Viasat Inc (NASDAQ:VSAT) reported a GAAP net loss of $575 million for fiscal 2025. The company faced challenges in its US fixed broadband revenue due to capacity constraints, resulting in a 19% year-over-year decline in fixed services and other revenue. Viasat Inc (NASDAQ:VSAT) experienced slower deliveries and backlog in its Commercial Aviation business, impacting growth. The company anticipates modest revenue growth with flattish adjusted EBITDA for fiscal 2026, with potential headwinds from macroeconomic factors. Viasat Inc (NASDAQ:VSAT) is dealing with ongoing legal proceedings related to the Ligado bankruptcy, which could impact future cash payments and financial outlook. Q: Can you provide an update on the strategic review process for the Defense and Advanced Technologies segment? Is the process still ongoing, and what is the expected timing? A: Mark Dankberg, Chairman and CEO: The strategic review is still underway. The business is performing well, and we are assessing its value relative to future cash flows. We are also implementing enhancements to increase its value and competitiveness. We will update if there are any material changes in our approach. Q: What gives you confidence in the early 2026 launch for the ViaSat-3 F2 satellite, and how does this impact your EBITDA guidance? A: Mark Dankberg, Chairman and CEO: The corrective actions and testing for the F2 satellite are progressing well, and we plan to deliver it to the launch site this summer. The financial outlook remains unchanged despite potential schedule uncertainties. Garrett Chase, CFO, added that ground network costs were not a factor in the EBITDA guidance. Q: Can you provide a timeline and potential magnitude for the Ligado proceedings? A: Mark Dankberg, Chairman and CEO: The litigation is ongoing, and the public record indicates that we are owed over $500 million. The bankruptcy plan intends to consummate the transaction based on this amount. We cannot comment further on the timeline or magnitude at this point. Q: How do you see Viasat winning in the market over the next few years? A: Mark Dankberg, Chairman and CEO: Winning for us means growth, particularly in commercial aviation and maritime markets. We focus on delivering economic solutions with sufficient bandwidth to meet customer needs. Our strategy includes leveraging our satellite capacity and providing airlines with tools to manage connectivity and entertainment services. Q: What are the growth drivers for the Information Security, Cyber Defense, and Space & Mission Systems businesses in 2026? A: Mark Dankberg, Chairman and CEO: Growth in encryption is driven by the need for quantum-resistant solutions and refreshing mission-critical equipment. In Space & Mission Systems, we see opportunities in technology insertions, optical inter-satellite links, and national security applications. Our involvement in the European Space Agency's Moonlight program is also a growth driver. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
20-05-2025
- Business
- Washington Post
ViaSat: Fiscal Q4 Earnings Snapshot
CARLSBAD, Calif. — CARLSBAD, Calif. — ViaSat Inc. (VSAT) on Tuesday reported a loss of $246.1 million in its fiscal fourth quarter. The Carlsbad, California-based company said it had a loss of $1.89 per share. Losses, adjusted for one-time gains and costs, came to 2 cents per share. The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The Star
28-04-2025
- Business
- The Star
Reach Ten hits record profit ahead of Main Market listing
Reach Ten managing director Leo Chin KUALA LUMPUR: Main Market-bound Reach Ten Holdings Bhd has come off an "exceptional year" of earnings on the back of multiple projects, including the installation of VSAT and recurring broadband servics for underserved rural communities. Managing director Leo Chin said the network facilities and services provider's performance was further enhanced by the strategic expansion of new fibre routes, capitalising on existing infrastructure to expand network coverage for customers. "The FY24 results is thus far the best financial performance in the company's history," he said in a statement. Over the 2024 financial year, the company's net profit surged to an all-time high of RM70.56mil from RM51.33mil in FY23, due to higher gross profit and margin, while revenue dipped to RM170.85mil from RM182.26mil in the previous year. It said the decline in revenue was mainly due to lower revenue contribution from the main segment that helped power its profit growth – the satellite-based communication networks and services segment. In the fourth quarter ended Dec 31, 2024, Reach Ten registered a net profit of RM18.61mil on revenue of RM34.17mil. Earnings per share was 2.33 sen. There are no comparative figures for the quarter as this was the first interim financial report announced by the company in compliance with the listing requirements. Reach Ten, which is slated to list on the market on May 2, 2025, is looking to expand its fibre optic communication network in Kuching and Samarahan and establish new fibre optic networks in Miri, Sibu and Bintulu to reach underserved or newly developed areas and further grow its market share. "With our three years expansion plans in place, we remain confident in our ability to achieve our internal target as we expand our fibre optic network infrastructure across Miri, Sibu and Bintulu following the increasing customer demands and position us to capitalise on future growth potential in these key regions,' said Chin.
Yahoo
15-04-2025
- Business
- Yahoo
American Airlines is making WiFi free on most fights
American Airlines (AAL) wants to make sure your flights are smooth sailing — and have smooth streaming. The carrier plans to start offering free in-flight Wi-Fi in January 2026 for members of its AAdvantage loyalty program, the airline said Tuesday. AT&T (T) will sponsor the free Wi-Fi, which will be available across more than two million flights, on all American aircrafts equipped with high-speed ViaSat (VSAT) and Intelsat satellite connectivity (roughly 90% of its fleet). The carrier's widebody Boeing (BA) planes, which use Panasonic internet, won't be included in the 'free Wi-Fi' deal but will have internet available for paying customers. These planes typically fly internationally. American had been charging up to $29 for Wi-Fi for a single flight, but free, fast internet service has become a bit of an expectation for fliers. JetBlue Airways (JBLU) has offered complimentary Wi-Fi for years, and Delta Air Lines (DAL) started offering the free service to its loyalty program members in 2023; United Airlines (UAL) is moving to outfit its fleet with SpaceX's Starlink satellite Wi-Fi, which is considered to have the best functionality in the sky, and will offer it for free for members of its loyalty program. Southwest Airlines (LUV) continues to charge $8 for in-flight Wi-Fi per device and hasn't announced any changes to that policy. Currently, the majority of American's narrowbody domestic fleet (such as its Boeing 737s and Airbus (EADSY) A320s) doesn't feature seatback screens, so passengers must stream entertainment on their personal devices. American said in a press release that it had conducted a Wi-Fi test on select routes to gauge the strength of the service, 'which surpassed performance expectations.' Heather Garboden, the airline's chief customer officer, said, 'Our customers greatly value staying connected while in the air, whether communicating with friends, getting work done, checking in on social media or streaming their favorite subscription services. We've been working diligently to outfit our aircraft with best-in-class high-speed Wi-Fi and together with AT&T are proud to offer those services at no cost to our most loyal customers.' For the latest news, Facebook, Twitter and Instagram.
