- ViaSat (NASDAQ:VSAT) is 1.9% lower after Eutelsat (EUTLF +3.2%) stepped out of a deal to use the ViaSat-3 satellite, choosing instead a local alternative in Thales.
- Viasat notes it's still "excited" about ViaSat-3 for the EMEA region.
- With no binding agreement with Eutelsat, the company's capital plan isn't dependent on Eutelsat participating to move forward, ViaSat says.
- And it confirms the decision has no impact on current contracts: "The current Viasat/Eutelsat joint venture, which has been in operation for more than one year, will continue to be governed under the existing agreements.