VIASAT responds to Carronade Capital Management letter

Viasat Inc. (NASDAQ: VSAT) issued a statement responding to a letter from Carronade Capital Management, according to a company press release.

The satellite communications company said it engages in dialogue with shareholders and welcomes constructive input focused on maximizing shareholder value. Viasat stated its board of directors and management team are committed to acting in the best interests of all shareholders.

The company said it is focused on executing its strategy to strengthen earnings power, deliver operating and free cash flow, and reduce leverage while reviewing its portfolio to maximize long-term shareholder value.

Viasat indicated that its board and management team will evaluate Carronade's ideas and looks forward to continuing dialogue with all stakeholders, including Carronade.

The company completed its acquisition of Inmarsat in May 2023, combining the teams, technologies and resources of both companies. Viasat operates in satellite infrastructure and connectivity, in-flight connectivity, and military and government communications.

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