Edition:
United States

Telebras, Viasat Enter Agreement to Connect the Unconnected in Brazil


Monday, 26 Feb 2018 07:00am EST 

Feb 26 (Reuters) - Telecomunicacoes Brasileiras Sa Telebras ::‍TELEBRAS - CO, VIASAT ENTER AGREEMENT TO BRING AFFORDABLE INTERNET TO UNSERVED, UNDERSERVED COMMUNITIES, HEALTH CLINICS, SCHOOLS ACROSS BRAZIL​.‍TELEBRAS SAYS SPECIFIC TERMS OF AGREEMENT HAVE NOT BEEN MADE PUBLIC​.TELEBRAS - EXPECTS NEWLY-ENABLED MARKET OPPORTUNITIES CAN POTENTIALLY GENERATE MORE THAN USD$1 BILLION IN REVENUES FOR CO OVER NEXT 10 YRS​.TELEBRAS SAYS ARRANGEMENT WITH VIASAT IS FOUNDED ON A SUCCESS-BASED REVENUE-SHARE MODEL​.TELEBRAS SAYS VIASAT EQUIPMENT BEGAN SHIPPING TO BRAZIL IN FEB 2018. INITIAL SERVICE EXPECTED TO COMMENCE IN APRIL 2018​. 

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