Author: Mary-Louise Hoffman|| Date Published: July 27, 2022
Viasat (Nasdaq: VSAT) has enlisted the help of an adviser as the communications equipment provider considers selling a unit that offers encryption tools to the government sector, Bloomberg reported Tuesday.
The encryption business’ estimated annual EBITDA stands at $120 million and the portfolio could sell for $1.8 billion from potential buyers in the private equity or defense industry, according to the report.
Viasat maintains a government-grade technology product suite designed to help customers secure classified communications.
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