Viasat (VSAT US) + Inmarsat: One-Off or Catalyst for Consolidation?
Communications
Multiple satellite operators to be affected by the $7.3bn blockbuster deal - including Eutelsat, EchoStar, Intelsat, Iridium, Telesat, and SES. Quilty Analytics expects the merger to be transformative for Viasat, and one that will rekindle industry interest in satellite operator consolidation. However, complicated network integration, heavy regulatory scrutiny, and potential dissonance between corporate cultures will make for a lengthy subsumption of Inmarsat.
Edition: 123
- 12 November, 2021
Communications
Space for Re-entry - Hamed Khorsand turns bullish once again having previously made a 400%+ return on the stock (May 2018-Jan 2021). IRDM continues to grow its IOT subscribers at an accelerated pace and with broader adoption of using satellite communications (only a matter of time before satellite communication capabilities are embedded into a smartphone) it puts the company in the middle of a brand-new growth cycle. This growth will allow IRDM to delever its balance sheet aggressively, contributing to a higher stock price. TP $60 (50% upside).
Edition: 122
- 29 October, 2021