{"id":65967,"date":"2018-02-28T18:33:49","date_gmt":"2018-02-28T10:33:49","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/sky-perfect-jsat-acquires-4-5-million-in-kvh-stock\/"},"modified":"2018-02-28T18:33:49","modified_gmt":"2018-02-28T10:33:49","slug":"sky-perfect-jsat-acquires-4-5-million-in-kvh-stock","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/sky-perfect-jsat-acquires-4-5-million-in-kvh-stock\/","title":{"rendered":"Sky Perfect JSAT Acquires $4.5 Million in KVH Stock"},"content":{"rendered":"<\/p>\n<p><strong>KVH Industries<\/strong> announced that its satellite capacity partner <strong>SKY Perfect JSAT<\/strong> has agreed to invest $4.5 million in KVH as part of the two companies\u2019 ongoing commitment to deliver next-generation maritime broadband services. KVH and Sky Perfect JSAT intend to collaborate on value-added services in the area of shipping digitalization and improved broadband access at sea.<\/p>\n<p>According to KVH, its mini-VSAT Broadband&nbsp;service holds the most maritime Very Small Aperture Terminal (VSAT) market share worldwide; Sky Perfect JSAT, Asia\u2019s largest satellite operator, provides maritime broadband service in Japan under the name OceanBB Plus.<\/p>\n<p>Sky Perfect JSAT agreed to purchase $4.5 million of KVH common stock in a private placement at a purchase price of $11.95 per share, which represents a 10 percent premium over the average closing price of the KVH common stock over the 30 trading days before pricing.<\/p>\n<p>KVH first began leasing satellite capacity from Sky Perfect JSAT in 2009 to expand the mini-VSAT Broadband network\u2019s Asia-Pacific and Indian Ocean coverage; today, KVH\u2019s maritime network covers 105 million square miles.<\/p>\n<p>The company recently introduced the TracPhone V7-HTS, a 60-cm satellite antenna system designed to provide download speeds of up to 10 Mbps and upload speeds of 3 Mbps, enabling vessels to benefit from marine applications designed to improve operational efficiency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KVH Industries announced that its satellite capacity partner SKY Perfect JSAT has agreed to invest $4.5 million in KVH as part of the two companies\u2019 ongoing commitment to deliver next-generation maritime broadband services. KVH and Sky Perfect JSAT intend to collaborate on value-added services in the area of shipping digitalization and improved broadband access at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":62314,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-65967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/65967"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=65967"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/65967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/62314"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=65967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=65967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=65967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}