PARIS — Maritime satellite broadband hardware and service provider KVH Industries asked for investor patience as it moves to a new service model that takes hardware sales out of revenue in favor of an all-service model the company believes will be a hit with customers.
Moving away from selling hardware and service separately means the company will suffer an immediate hit to hardware revenue, with a delayed uptick in subscribers as the new service, called AgilePlans, makes itself felt.
KVH is also introducing a higher-speed Ku-band service . . .
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