Mark Dankberg on Equitus structure
From Viasat Q4 2026 Earnings Call | Aviation In-Flight Connectivity Contract Backlog Drives Beat · · Investing 101
“We are not going to be contributing spectrum to Equitus. We will play our spectrum through Equitus. We will play some of our spectrum through our existing and expanding GEO fleet as well. So Equitus's value proposition is to investors including us to the extent we participate in the capital structure is its value proposition is that it's the lowest cost way for anybody that wants to play spectrum through space.”
On , Mark Dankberg, Co-Founder, Chairman & Chief Executive Officer at VIASAT INC, spoke about Equitus structure during Viasat Q4 2026 Earnings Call | Aviation In-Flight Connectivity Contract Backlog Drives Beat on Investing 101.
About Mark Dankberg
During Viasat's Q4 fiscal year 2026 earnings call on May 7, 2026, Mark Dankberg discussed the company's financial performance and strategic initiatives. He stated that Viasat generated nearly $600 million in free cash flow and approximately $180 million excluding a lump sum Legato payment, and that the company has achieved positive free cash flow in each of the last five quarters. Dankberg noted progress toward a target leverage ratio below 3.0. Dankberg also addressed the Equitus shared infrastructure initiative, describing it as a capital-efficient vehicle for multiple spectrum holders to bring spectrum to market. He said Viasat will not contribute spectrum to Equitus but will play its spectrum through both Equitus and its existing GEO fleet. Regarding the BIOS 3 satellites, Dankberg described them as the most advanced commercial satellites in the world in terms of adaptive beam forming, solar power generation, and thermal dissipation. He also discussed the PTSG opportunity, saying it allows Viasat to grow participation in government tactical space system technologies and services.