CARLSBAD, Calif.; Feb 23, 2023 – Viasat Inc. (NASDAQ: VSAT), a global communications company, and CFE-TEIT (CFE Telecommunications and Internet for All), the communications subsidiary of Mexico’s Federal Electricity Commission, have signed an agreement to provide high-quality satellite connectivity to 850 underserved communities across Mexico. The communities will use Viasat’s Community Internet service to provide free internet access to people in public places, schools and health centers.
According to DataReportal, more than 34 million Mexicans did not use the internet at the beginning of 2022. Through the agreement, Viasat plans to offer its satellite connectivity across parts of Mexico where other internet service providers (ISP) are unable to or choose not to do so. Working together with CFE TEIT, Viasat’s satellite technology is expected to deliver an enhanced internet experience, through public Wi-Fi hotspots, for Mexican citizens in unserved and underserved communities. The purpose of CFE TEIT is to lend and provide telecommunications services, without profit, to guarantee the right of access to information and communication technologies, including broadband and internet.
The Viasat Community Internet service implements a public Wi-Fi hotspot connected and enabled by a Viasat satellite to deliver high-speed internet service. The Viasat Community Internet service seeks to improve the quality of life of unserved and underserved individuals and communities by giving them better access to online tools, resources and streaming video.
Kevin Cohen, head of Viasat’s fixed broadband business in Latin America, commented, “By collaborating with the Mexican government through the CFE TEIT, Viasat is able to further help close the country’s digital gap by providing communities with access to the internet – at no cost to the end user. Reaching the most challenged areas with our high-quality satellite connectivity will allow people to access online education, telehealth and create new economic opportunities. This agreement enables Viasat to continues its mission to deliver connectivity where it is needed most.”
Since 2018, Viasat has successfully deployed its fast and reliable internet service across Mexico, using satellite connectivity to deliver affordable internet service to communities, residential and small business customers in areas that previously had no access to internet. Viasat’s Mexico internet services uses bandwidth from its ViaSat-2 satellite to deliver affordable, high-quality internet connectivity.
To learn more about Viasat connectivity offerings in Mexico, visit viasat.com.mx/
About ViasatViasat is a global communications company that believes everyone and everything in the world can be connected. For more than 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people’s lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat’s Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include statements that refer to the agreement with the CFE TEIT, including the planned deployment of Viasat Community Internet service to 850 communities across Mexico; and the features and benefits of the Viasat Community Internet service in Mexico. Readers are cautioned that actual results could differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: risks associated with the construction, launch and operation of Viasat’s satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; the ability to successfully implement Viasat’s business plan for broadband satellite services on Viasat’s anticipated timeline for all; contractual problems, or other issues with our sales, fulfillment and support partners; product defects, manufacturing issues or delays; regulatory issues; technologies that do not perform according to expectations; Viasat’s ability to realize the anticipated benefits of its satellite platforms; and increased competition and other factors affecting the connectivity sector, generally. In addition, please refer to the risk factors contained in Viasat’s SEC filings available at www.sec.gov, including Viasat’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.
Copyright © 2023 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat signal are registered trademarks of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
Viasat, Inc. Contacts
Carlos Mangandy, Public Relations Manager, +1 760-893-3820, Carlos.Mangandy@viasat.com
Paul Froelich/Peter Lopez, Investor Relations, 760-476-2633, IR@viasat.com
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