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Connecting Latin America to the Internet, dirt cheap.

Satellite Internet service provider Viasat has been able to offer cheap online service from space to poorly wired parts of the world as the capabilities of its spacecraft have improved. Since lofting the school-bus-size ViaSat-2 satellite in 2017, the company’s reach has extended across Latin America. In Mexico, for example, a simple $1,500 receiver setup in a local shop can provide Wi-Fi across a wide area for as little as 50¢ an hour to users with cheap phones or tablets. So far, over 600,000 devices have logged on for Internet connections in Mexico. In July the state of São Paulo began working with Viasat to set up community Wi-Fi stations to provide connectivity in 20 underserved areas. Coming next: three ViaSat-3 satellites, with more capacity, reaching Europe, the Middle East, and Africa in 2021 and the Asia-Pacific region in 2022.

Company Information

Country
U.S.
Headquarters
Carlsbad, Calif.
Impact Segment
Economic Opportunity/Financial Inclusion
Sector
Technology
Industry
Network and Other Communications Equipment
CEO
Mark Dankberg
Websitehttp://www.viasat.com
Company Type
Public
Ticker
VSAT
Prior Year Rank-
Revenues ($M) (Last Fiscal Year)$2,068
Profits ($M) (Last Fiscal Year)$-68
Market Value ($M) as of 8/12/19$4,906
Employees5,600

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