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Viasat Comments on Letter from Carronade Capital Management
Globenewswire· 2025-08-01 12:00
Core Viewpoint - Viasat, Inc. is committed to maximizing shareholder value and is open to constructive input from shareholders, including Carronade Capital Management, while focusing on its strategic goals in the satellite communications industry [2][3][4]. Group 1: Company Strategy and Positioning - Viasat is a leader in satellite infrastructure and connectivity, in-flight connectivity, and critical military and government communication, positioning itself well for global competition [2]. - The company aims to strengthen its earnings power, deliver sustainable operating and free cash flow, and reduce leverage while reviewing its portfolio to maximize long-term shareholder value [3]. Group 2: Shareholder Engagement - The Board of Directors and management team are dedicated to acting in the best interests of all shareholders and will carefully evaluate the ideas presented by Carronade Capital Management [3][4]. - Viasat emphasizes the importance of ongoing dialogue with stakeholders to foster a collaborative environment [4]. Group 3: Recent Developments - In May 2023, Viasat completed its acquisition of Inmarsat, which combined the teams, technologies, and resources of both companies to enhance its global communications capabilities [4].
Viasat Sets August 5, 2025 for First Quarter Fiscal Year 2026 Financial Results Conference Call and Webcast
Globenewswire· 2025-07-29 20:05
Core Viewpoint - Viasat, Inc. will release its first quarter fiscal year 2026 financial results on August 5, 2025, after market close, and will host a conference call and webcast on the same day [1][2]. Company Overview - Viasat is a global communications company with a mission to connect everyone and everything in the world, operating in 24 countries [3]. - The company aims to develop a global communications network that provides high-quality, reliable, secure, affordable, and fast connections, impacting lives positively [3]. - In May 2023, Viasat completed the acquisition of Inmarsat, enhancing its capabilities and resources [3].