LONDON, Oct 12 Reuters Viasat said it expects to recover less than 10 of the planned throughput on ViaSat3 F1, its satellite that malfunctioned during deployment in July, but it was confident it could meet the needs of its customers without replacing it.

The U.S. company said it had completed most of the capital cost of the ViaSat3 constellation, and its capex would decline in its 2025 financial year to between 1.4 billion and 1.5 billion.

It also said it now expects to reach sustainable positive free cash flow during the first half of the 2025 calendar year rather than the second half, excluding the positive impact of satellite insurance proceeds.

Viasat, which bought its British rival Inmarsat in May, said it had insurance coverage of 420 million in place for ViaSat3 F1 and it would finalize its claim before the end of the year.

Shares in the group have lost as much as twothirds of their value since the malfunction in July.

Reporting by Paul Sandle; Editing by Mark Porter

Source Reuters