Viasat, a global communications company, announced the closing of a $175 million common stock investment from affiliates of Intercorp, and affiliates of The Baupost Group, L.L.C, Viasat’s largest shareholder.
Viasat will utilise the current investment for general corporate purposes, which may include financing costs related to the purchase, launch and operation of satellites, potential acquisitions, joint ventures and strategic alliances, working capital or capital expenditures.
“The need for more affordable, high-quality, fast internet connectivity virtually everywhere in the world has never been more apparent than in today’s environment. We are hard at work on contributing to the solution: sustaining progress on our next-generation ViaSat-3 global constellation and expanding our geographic and market presence,” said Mark Dankberg, Viasat’s chairman and CEO. “Intercorp’s investment advances our strategic partnership throughout Central and South America, and the investment by Baupost expands our relationship with our largest shareholder.”
Viasat is a global communications company that has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people’s lives anywhere they are—on the ground, in the air or at sea.
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