Investor Calls for Break Up of Viasat
Viasat said Friday its board and management "will carefully evaluate" an investment firm's recommendation that the satellite operator break up. Cannonade Capital Management, which owns a 2.6% stake in Viasat, said last week that the company should spin off its…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
defense and advanced technologies (DAT) segment. By itself, DAT "could be one of the most attractive pure-play defense-technology platforms in the market today, with best-in-class margins, double-digit revenue growth and significant exposure to next-gen defense technologies," Cannondale said. Minus DAT, Viasat's communications segment would have less debt and could more readily grow, according to Cannonade.