Viasat files $188M insurance claim for satellite antenna defect that it says won’t affect aero, government businesses

by Peter B. de Selding

PARIS — Satellite broadband hardware and service provider Viasat Inc. said the two defective Ka-band antennas on the Viasat-2 satellite will have the biggest effect on the core consumer-broadband market and reinforce the company’s priority of favoring fewer high-paying customers over an expanding subscriber base.

Viasat said it had filed a $188 million claim for the antenna defect with the company’s insurance underwriters — less than the originally forecasted $200 million — and had already received an initial payment of $44 million.

Viasat Chief Executive Mark . . .

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