{"id":35087,"date":"2023-07-13T09:02:00","date_gmt":"2023-07-13T13:02:00","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/viasat-stock-falls-after-company-discloses-setback-with-one-of-its-satellites\/"},"modified":"2023-07-13T09:02:01","modified_gmt":"2023-07-13T13:02:01","slug":"viasat-stock-falls-after-company-discloses-setback-with-one-of-its-satellites","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=35087","title":{"rendered":"ViaSat stock falls after company discloses setback with one of its satellites"},"content":{"rendered":"
\n

Shares of ViaSat Inc.
\n VSAT,
\n -1.67%<\/bg-quote>
\n were falling 7% in after-hours trading Wednesday after the communications company disclosed a setback that could impact one of its satellites. The company said in an afternoon release that an \u201cunexpected event\u201d occurred during the process of reflector deployment and that this issue could materially affect the performance of the ViaSat-3 Americas satellite, which provides broadband services. ViaSat is working with the manufacturer of the reflector to assess the impact and possible ways to remedy the situation. \u201cContingency plans are currently being refined to minimize the economic effect to the company,\u201d ViaSat said in its release. \u201cPotential options include redeploying satellites from Viasat\u2019s extensive fleet to optimize global coverage, and\/or reallocating a subsequent ViaSat-3 class satellite to provide additional Americas bandwidth.\u201d The company announced the successful launch of the ViaSat-3 Americas satellite in early May, saying at the time that it would \u201cmultiply our available bandwidth, and enable faster speeds and more coverage \u2013 especially for our mobility customers.\u201d<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of ViaSat Inc. VSAT, -1.67% were falling 7% in after-hours trading Wednesday after the communications company disclosed a setback that could impact one of its satellites. The company said in an afternoon release that an \u201cunexpected event\u201d occurred during the process of reflector deployment and that this issue could materially affect the performance of […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-35087","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nViaSat stock falls after company discloses setback with one of its satellites | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of ViaSat Inc. 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