ViaSat Exede High-Speed Internet to be offered by DIRECTV
Carlsbad, Calif. – May 17, 2012 – ViaSat Inc. (NASDAQ: VSAT) has added another wide-reaching channel to distribute its high-speed ExedeSM by ViaSat satellite Internet service. A new agreement with DIRECTV initiates plans to add ExedeSM high-speed Internet service to a selection of video and broadband bundles for the home. Introduced in January, Exede delivers speeds of up to 12 Mbps (megabits per second) via the highest capacity satellite in the world.
“Satellite TV customers are a natural fit for our Exede service, making this an important part of our distribution strategy,” said Mark Dankberg, ViaSat chairman and CEO. “Exede’s fast broadband connections offer an Internet service that will complement the DIRECTV connected home video experience. This new agreement creates an opportunity to shape a high-speed Internet bundle that helps DIRECTV subscribers get even greater value from their service.”
The speed of Exede Internet service makes it very competitive with wireless home broadband service as well as legacy DSL and many cable services. The satellite Internet service, now available in all 50 states, brings together the highest capacity satellite in the world, next-generation ground equipment, and breakthrough web acceleration technology. The service offers speeds up to 12 Mbps downstream and up to 3 Mbps upstream beginning at $50 per month.
ViaSat delivers fast, secure communications, Internet, and network access to virtually any location for consumers, governments, enterprise, and the military. The company offers fixed and mobile satellite network services including Exede by ViaSat, which features ViaSat-1, the world’s highest capacity satellite; satellite broadband networking systems; and network-centric military communication systems and cyber security products for the U.S. and allied governments. ViaSat also offers communication system design and a number of complementary products and technologies. Based in Carlsbad, California, ViaSat has established a number of worldwide locations for customer service, network operations, and technology development.
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, particularly statements regarding when bundled services will be available. ViaSat wishes to caution you that there are some factors that could cause actual results to differ materially, including but not limited to: contractual problems, product defects, manufacturing issues or delays, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and increased competition and other factors affecting the defense industry 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.
Exede is a service mark of ViaSat Inc.