On October 29, Viasat rose 5.45% in Regular Trading, trading at $73.88 per share, with turnover of $69.35 million.
The move followed the company’s memorandum of understanding with Space42 and Terrestar Solutions to develop an open, standards-based satellite network interoperability framework.
According to the announcement released on October 28, the framework is intended to link Terrestar’s planned Canadian low-Earth orbit constellation with Equatys, a planned global platform for direct-to-device and other mobile-satellite services. The companies said the two systems and their ground segments are designed to operate as a coordinated multi-system non-terrestrial network while each party retains ownership and control of its own assets. Management said the approach is aimed at supporting global scale while preserving national sovereignty over critical communications infrastructure, providing the market with a concrete strategic development update for Viasat’s satellite communications platform.
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