Viasat (NASDAQ:VSAT) and Telebras, Brazil’s state-owned monopoly telecom, have won final approval of their contract in the Tribunal de Contas da União (Federal Court of Accounts).

That will allow the two to move forward on providing countrywide Internet service.

The court last fall had requested modifications to the contract, and today approved all modifications.

It also allows the companies to leverage Telebras’ Geostationary Satellite for Defense and Strategic Communications for enterprise and aviation markets, along with community Wi-Fi hotspot and residential service.


READ  DAILY BRIEFING: Cinema chain Vue buys German rival Cinestar for £196m


Please enter your comment!
Please enter your name here