ViaSat Completes WildBlue Acquisition
December 16, 2009
ViaSat has completed its acquisition of WildBlue Communications for $568 million in cash and stock, ViaSat announced Dec. 15.
The acquisition, initially announced in October, will involve the integration of ViaSat's ground network technology with WildBlue’s operational and distribution platform, serving more than 400,000 customers in the United States. WildBlue’s Ka-band broadband service will also use capacity on the ViaSat-1 satellite, set for launch in early 2011.
The WildBlue acquisition advances our entry into the Ka-band broadband service business by over a year and more completely establishes the financial and strategic framework to capture the value anticipated from the ViaSat-1 satellite. We also believe the resources and skills of the WildBlue team add greater momentum to our plans to bring satellite broadband to new markets and applications on a global scale,” said ViaSat Chairman and CEO Mark Dankberg, in a statement.
ViaSat expects to provide a current financial outlook for fiscal year 2011, including the effects of the acquisition, in its next earnings report, scheduled for early February.