VSAT - Viasat gains on report exploring sale of part of government services unit

• Viasat ( NASDAQ: VSAT ) rose 2.9% in after hours trading on a report that the company said to be considering a sale of part of its government services business.
• The company is using an adviser to evaluate interest for part of the unit that provides encryption technology for a sale that could be valued at as much as $1.8 billion, according to traders, who cited a Bloomberg report. The business, which generates $120 million in EBITDA, is expected to garner interest from defense companies and private equity firms.
• The potential sale comes after Viasat ( VSAT ) agreed to purchase Inmarsat in a transaction valued at $7.3 billion in November .
• On Monday it was reported that UK regulators are starting a review of Viasat's ( VSAT ) deal to acquire Inmarsat.

For further details see: