Viasat, Inc. (VSAT - Free Report) recently announced that it has teamed up with Visiontec — a Brazilian satellite products distributor — with a goal to bring high-speed satellite Internet to Brazil. The move underscores the satellite & wireless networking technology provider’s long-term commitment to make advanced Internet services available to every community across the country.
As a result, Viasat now has a local partner to help install its customer premises equipment, which provides quick installation of broadband Internet and Wi-Fi capabilities through Visiontec’s network of dealers and installers. The company’s services team will likely work with Visiontec to train technicians and dealer teams to rapidly address Brazil’s Internet demands with hassle-free customer service experience.
Markedly, Viasat and Visiontec had installed a Community Wi-Fi infrastructure in the Brazil community of Pacaraima, situated in Roraima near the Venezuelan border. Viasat intends to collaborate with local partners on building the satellite ground infrastructure to boost Brazil’s economic growth coupled with digital inclusion, through cutting-edge satellite communications.
Reportedly, Visiontec would act as Viasat’s fulfillment partner and is presently installing Viasat’s satellite broadband equipment in remote locations with future sales and installations planned for residential, commercial and community Wi-Fi hotspot applications.
Viasat is also providing the ground network and infrastructure to power the Telebras-owned and controlled SGDC-1 satellite, that will eventually bring affordable, scalable broadband services to Brazilian communities where Internet service has previously been unavailable.
Viasat has long-term EPS growth expectation of 15.3%. Driven by diligent execution of operational objectives, the stock has returned 59.8% compared with the industry’s rise of 12.9% in the year-to-date period.
Viasat currently sports a Zacks Rank #1 (Strong Buy). Other top-ranked stocks in the industry include Harris Corp. , Motorola Solutions, Inc. (MSI - Free Report) and Ubiquiti Networks, Inc. , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Harris has long-term earnings growth expectation of 8%.
Motorola has long-term earnings growth expectation of 7.7%.
Ubiquiti has long-term earnings growth expectation of 19.8%.
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