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    VSAT   US92552V1008

VIASAT, INC.

(VSAT)
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France's Eutelsat says considering offer for Inmarsat

06/25/2018 | 12:16pm EDT

LONDON (Reuters) - French satellite group Eutelsat Communications said on Monday it was considering making an offer for its British rival Inmarsat, confirming media reports.

Eutelsat said it was "currently evaluating a possible offer for Inmarsat", although there was no certainty an offer would be made.

The move comes after Inmarsat said earlier this month it had rejected a takeover approach from EchoStar, a U.S. company which has continued to build a stake in Inmarsat.

Inmarsat's shares were up more than 4 percent in late trading to 632 pence, giving the group a market capitalisation of 2.9 billion pounds.

Analysts had already identified Eutelsat, along with ViaSat, as a possible counterbidder to EchoStar.

Colorado-based EchoStar, which has until July 6 to make a firm offer or walk away from the FTSE 250 group, had built a near 3 percent shareholding in Inmarsat, as well as a 10.4 percent position in its convertible bonds, as of Friday.

Analysts at Jefferies, who have a "buy" recommendation on Inmarsat, said they viewed an offer from Eutelsat to have only limited industrial logic, and said Inmarsat's spectrum holding in the United States would have more appeal to EchoStar.

"Collectively our base case therefore remains that, should a recommended offer emerge, it will be from EchoStar", they said.

(Reporting by Paul Sandle; editing by Kate Holton and Jan Harvey)


ę Reuters 2018
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Analyst Recommendations on VIASAT, INC.
More recommendations
Financials (USD)
Sales 2022 2 770 M - -
Net income 2022 8,81 M - -
Net Debt 2022 2 365 M - -
P/E ratio 2022 433x
Yield 2022 -
Capitalization 4 031 M 4 031 M -
EV / Sales 2022 2,31x
EV / Sales 2023 2,18x
Nbr of Employees 5 800
Free-Float 95,8%
Chart VIASAT, INC.
Duration : Period :
Viasat, Inc. Technical Analysis Chart | VSAT | US92552V1008 | MarketScreener
Technical analysis trends VIASAT, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 54,98 $
Average target price 75,06 $
Spread / Average Target 36,5%
EPS Revisions
Managers and Directors
Richard Allan Baldridge President, Chief Executive Officer & Director
Shawn Lynn Duffy Chief Financial Officer & Senior Vice President
Mark D. Dankberg Executive Chairman
Mark J. Miller Chief Technical Officer & Executive Vice President
Girish Chandran Chief Technical Officer & Vice President
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