Earnings call

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  • Question
  • Updated 5 months ago
  • Acknowledged
  • (Edited)
Subscriber growth remains stagnant at around 586,000 subs as they increased revenues by 7% as they got more of you to buy more expensive plans. They dont really talk about the American market though, instead talking up Mexico and initiatives in other countries.

$188 million in Viasat-2 insurance claim. That would have been an interesting presentation how they justified that. If they got that, how much did they ask for? Anyhow, good for them to get an insurance company to pay.

http://investors.viasat.com/news-rele...
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ExSatUser

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Posted 5 months ago

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Nathan Hart

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I thought the original claim was closer to $350.
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ExSatUser

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I tried to edit and then the site went haywire. Speculation was Viasat wanted $300 to $350 million. What Viasat asked for we will never know. The fact they got almost $200 million for a still working satellite by proving lost revenue due to it's issues, that is pretty good.

Typically space insurance is ultimately backed by Lloyd's of London because they will insure anything. They are the insurance companies insurance company.

A company I worked for invested heavily in insurance companies, including one that insured Morton Thiokol. Yea, that didn't go so well! Like insuring Chernobyl!
(Edited)
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fmj77

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The size of the insurance claim tells me that the malfunction involving Viasat 2 is worse than the company is letting on. Probably explains why most of the country never got better plans offered.
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Stephen Rice, Champion

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Yep.
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ExSatUser

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Well that would be the lost revenue estimate. They promised 25Mbps nationwide. That never happened. So I would say lot of loss in customer upgrades there.
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Martin Seebach

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"Better plans," is unfortunately a text book example of sleight of hand or bait and switch marketing.
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GabeU, Champion

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Or the better plans never materializing due to the aforementioned reason.  Better plans is exactly what it means:  better plans. 
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ExSatUser

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Viasat is still trying to makeup for the lost revenue too. I mean at my location for north of $200 I can get up to 12Mbps and 65Gb of priority data. That is pretty steep for what you get.
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GabeU, Champion

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Same plan that's available to me.  It's VERY steep, even for satellite internet, and especially for what you get for that $200.

Edit:  I've got to wake up.  You already said that last part.  LOL.  
(Edited)
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GabeU, Champion

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I feel like a dope.  I just realized who you are.  The "SatUser" part should have tipped me off.  LOL.  
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ExSatUser

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Hughesnet and Viasat for over 20 years. I dont miss either one.