KVH and Intelsat Reaffirm Satellite Partnership with Three-year Renewal
Portfolio Pulse from Benzinga Newsdesk
KVH Industries, Inc. (NASDAQ:KVHI) has renewed its satellite services contract with Intelsat for three years. The renewal includes increased network capacity, flexibility for future bandwidth adjustments, and reduced service costs, enabling KVH to offer more competitive airtime rates for mariners.
August 17, 2023 | 10:34 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The renewal of the contract with Intelsat could positively impact KVH Industries as it includes increased network capacity and reduced service costs, which could enhance their competitiveness.
The contract renewal with Intelsat provides KVH with increased network capacity and reduced service costs. This could potentially allow KVH to offer more competitive rates to its customers, which could enhance its market position and potentially increase its revenues.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100