ViaSat Announces First Quarter Fiscal Year 2013 Results
Consumer satellite terminal installations grew by about 40% on a quarterly sequential basis driven by effective promotions and improved operational processes. More detailed analysis of subscriber data also indicates a meaningfully higher proportion of WildBlue® subscribers have been upgrading to the Exede service, as opposed to disconnecting, compared to prior estimates. For the first quarter, our consumer Internet service reported the following metrics:
Ending Subscribers: 404,900 (22% on ViaSat-1) Gross Adds: 46,835 Migrations from WildBlue to Exede: 19,370 Total new service installations (gross adds + migrations): 66,205 Net new subscribers: 20,000 Average Monthly Churn: 2.4% Weighted Average service ARPU: $46.44
With 22% of subscribers on Viasat-1...that equates to about 100,000 right now. Being that the satellite has capacity for 1 million subscribers...they only need 900,000 more customers to fill up Viasat-1.
Glad they are saving all that bandwidth with their low cap plans so they can have room for all 900.000!
They will be lucky to get 500,000 users. Even if every customer moved off the legacy system, Viasat-1 only covers about 2/3rd's the US. And in a lot of this area, they can't use Recovery Act funds to entice customers. That's too bad...because I would love to take advantage of the special Recovery Act prices/cap levels that Viasat won't sell to just anyone.