Viasat, Inc. VSAT has signed a Memorandum of Understanding with Bahrain Telecommunications Company (Batelco) to engage in business-to-business (B2B) service opportunities in the Middle East and North Africa (MENA) region.
Batelco is the leading provider of digital communications solutions in Bahrain. The company’s portfolio includes industry-leading solutions, including voice and data, e-commerce solutions, data centers and cloud services.
The MoU between Viasat and Batelco aims to market and distribute satellite broadband connectivity to businesses in the MENA region.
The MOU also addresses exploring other service opportunities. These include hybrid connectivity solutions combining satellite and terrestrial broadband for business services and corporate LAN extension services to remote offices using satellite broadband connectivity.
The companies aim to leverage the satellite broadband capability of Viasat’s satellite systems, with plans to evolve to the ViaSat-3 satellite platform once launched. They plan to implement a proof-of-concept trial in the coming months.
Viasat is well on its way to bringing high-quality broadband connectivity to the world. By signing this MoU, the company can explore various business synergies and collaborations with a market leader in the MENA region, ahead of the launch of its ViaSat-3 satellite constellation.
In addition to providing industry-leading solutions to enterprise customers, Viasat is eager to discover new opportunities for its B2B broadband services.
Viasat shares have lost 6.9% over the past year, compared to a 1% decline for the sector.
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VSAT currently carries a Zacks Rank #3 (Hold). You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.
gogo inc. GOGO is a higher-ranked stock within the broader Zacks IT and Technology sector, sporting a Zacks No. 1 rank. Zacks’ consensus estimate for its current-year earnings has been revised to 25% increase in the last 60 days.
Gogo delivered a four-quarter earnings surprise of 65%, on average. It has climbed 114.5% over the past year.
nokia NOK, carrying a Zacks Rank #2 (Buy), is another solid choice for investors. The current year earnings consensus estimate has been revised upwards by 5% in the past 60 days.
Nokia has made a surprise on the profits of the last four quarters of 205.2% on average. It has increased by 25.5% over the past year.
Sierra Wireless, Inc. SWIR carries a Zacks rank of No. 2. The consensus rating for current-year earnings has been revised up 237.5% in the past 60 days.
Sierra Wireless has realized an earnings surprise for the last four quarters of 58% on average. The stock has returned 12% over the past year.
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