News Analysis

Iridium Announces First-Quarter 2016 Results; Company Affirms 2016 and Long-Range Outlook

Mclean, VA., April 28, 2016--Iridium Communications Inc. (Nasdaq:IRDM) today reported financial results for the first quarter of 2016 and affirmed its full-year 2016 and long-range outlook. Net income was US$ 28.5 million, or US$ 0.23 per diluted share, for the first quarter of 2016, as compared to US$ 21.0 million, or US$ 0.17 per diluted share, for the first quarter of 2015.  Operational EBITDA ("OEBITDA") for the first quarter was US$ 60.7 million, as compared to US$ 52.5 million for the prior-year period, representing a year-over-year increase of 16% and an OEBITDA margin of 58%. OEBITDA grew primarily due to higher government service revenue and increased sales of subscriber equipment, as well as to lower manufacturing costs on certain product lines.

Telesat Reports Slight Revenue Increase in 1st Quarter 2016

Ottawa, Canada April 28, 2016-Telesat Holdings Inc.  today announced its financial results for the three month period ended March 31, 2016. Telesat reported consolidated revenues of CDN$ 235 million, an increase of approximately 3% (CDN $6  million) compared to the same period in 2015.

SintecMedia Management and Francisco Partners Acquire SintecMedia

London, UK, April 27, 2016–SintecMedia, a provider of broadcast management software announced that SintecMedia’s management team and Francisco Partners, a global technology-focused private equity firm, have acquired SintecMedia from its existing shareholders, including Riverwood Capital.

ORBCOMM to Acquire Skygistics (PTY) Ltd.

Rochelle Park, NJ, April 12, 2016--ORBCOMM Inc. (Nasdaq: ORBC), a provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has entered into a definitive agreement to acquire Skygistics (PTY) Ltd. and its South African and Australian subsidiaries. Based outside of Johannesburg, South Africa, Skygistics provides a broad range of satellite and cellular connectivity options as well as telematics solutions centered around the management of remote and mobile assets to more than 250 telematics and enterprise customers.

The April 2016 issue of the Satellite Executive Briefing magazine

The April 2016  issue of  the  Satellite Executive Briefing magazine  sponsored by The Spaceconnection  is now available.  Featuring:

Focus on Media Service Providers: What's New? by Dan Freyer

Don't Write Off Linear TV...Yet  by Elisabeth Tweedie

Part 2 of Satellite Services to Play a Key Role in the Rio Olympics: Focus on Teleports by Bernardo Schneiderman

Letting the Chips Fall, Taiwan Style  by Lou Zacharilla

Report on the CABSAT Satellite Summit by Martin Jarrold

Case Study on Satellite Internet of Things (IoT) Tracking by Globalstar

plus Mergers and AcquisitionsMarket Briefs, Executive Moves, Product and Services MarketPlace Guide to NAB 2016  and many more.  Click here to read or download the file

Roscosmos Sells Troubled Sea Launch

Moscow, Russia, April 1, 2016--Russia's space agency Roscosmos has found a buyer for Sea Launch, the agency's director Igor Komarov said in a report by the TASS news agency.

C-COM Reports 11th Consecutive Profitable Year

Ottawa, Canada, March 15, 2016 – C-COM Satellite Systems Inc. (TSXV: CMI), a leading global provider of mobile auto-deploying satellite antenna systems, announced today financial results for the fiscal year ended November 30, 2015 posting its 11th consecutive profitable year.

RR Media to Merge with SES Platform Services

Luxembourg, March 1, 2016—SES Platform Services (SES PS), a wholly-owned subsidiary of SES, announced an agreement whereby RR Media, a leading provider of global digital media services to the broadcast and media industries, will merge its operations with those of SES PS.

The March 2016 issue of the Satellite Executive Briefing magazine

The March 2016  issue of  the  Satellite Executive Briefing magazine  sponsored by Newtec  is now available.  Featuring:

Big Changes in the Satellite Industry  by Elisabeth Tweedie

Satellite Services to Play a Key Role in the Rio Olympics by Bernardo Schneiderman

Executive Spotlight Interview with Vagan Shakhgildian, CEO-UHP Networks

Case Study on Satellite Technology Making a Difference in the Refugee Crisis

Featured Company: Santander Teleport

plus Mergers and AcquisitionsMarket Briefs, Executive Moves and many more.  Click here to read or download the file

SpeedCast Reports 42% Revenue Growth

Sydney, Australia, February 25, 2016 - SpeedCast International Limited (ASX: SDA), a global satellite communications and network service provider, today announced Full Year 2015 results, with revenues of US$167.6 million.