News Analysis

India's Road Less Travelled

by Lou Zacharilla
 
New York City, September 1, 2023--Think of it. We have a fourth nation within our swelling species that has engineered with typical industry excellence (always a requirement!) a device which with the thin fingers of a profound creator has touched the surface of the Moon. “Our Moon,” as we call it.

MDA Acquires SatixFy Space Systems UK

Rehovot, Israel, September 1, 2023--SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN: SATX) announced a US$ 60 million transaction with MDA Ltd. (TSX: MDA), selling SatixFy’s holdings in its SatixFy Space Systems UK Ltd, one of SatixFy’s UK based subsidiaries, to MDA as well as an additional US$ 20 million in advanced payments under new commercial agreements which includes the previous $10 million advanced payment made in June to be applied to future orders of space grade chips.

The Changing Video Market for Satellites

by Elisabeth Tweedie, Associate Editor

Los Angeles, September 1, 2023--Low earth orbit (LEO) satellites are grabbing the majority of headlines, when satellite is being written about.  But there is one aspect of their business that to date, has not received much publicity, their role in video contribution for the broadcast and media industries.  Historically, all off-site video for news, sporting events and other major productions were transmitted back to base by satellite links. 

Better Satellite World: Finding Energy in Ocean Waves

New York City, NY, September 1, 2023--The Earth is embraced by its oceans and seas.  And so are we.  We depend on them for more than half of the oxygen we breathe. Ocean currents shape the slow march of climate and the daily changes of our weather.  Scientists estimate that waves washing up on America’s coastline contain enough to meet the power needs of two-thirds of its homes and businesses. 

Telesat Reports Results for the Quarter and Six Months Ended June 30, 2023

Ottawa, Canada, August 11, 2023 –Satellite operator Telesat (NASDAQ and TSX: TSAT) today announced its financial results for the three and six-month periods ended June 30, 2023.  For the quarter ended June 30, 2023, Telesat reported consolidated revenue of CDN$180 million, a decrease of 4% (CDN$ 7 million) compared to the same period in 2022. When adjusted for changes in foreign exchange rates, revenue declined 6% (CDN$ 12 million) compared to 2022. 

DISH Network Corporation and EchoStar Corporation to Combine

Littleton and Englewood, CO, August 8, 2023 - DISH Network Corporation (Nasdaq: DISH) and EchoStar Corporation (Nasdaq: SATS) today announced they have entered into a definitive agreement for DISH Network to combine with EchoStar Corporation in an all-stock merger at a fixed exchange ratio. The transaction was negotiated and recommended by Special Committees of Independent Directors of both companies and unanimously approved by the Boards of Directors of both companies.

Yahsat Reports Solid First Half Results for 2023

Abu Dhabi, UAE, August 8, 2023 - Al Yah Satellite Communications Company PJSC, the UAE’s flagship satellite solutions provider listed on the Abu Dhabi Securities Exchange (”ADX”, under symbol: YAHSAT, ISIN: AEA007501017) announced today its consolidated financial results for the six months ended 30 June 2023.

Gilat Reports Second Quarter 2023 Results

Petah Tikva, Israel, August 8, 2023 – Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), reported today its results for the second quarter, ended June 30, 2023. The company reported that GAAP Operating Income more than tripled and Adjusted EBITDA Grew by 74%. 

SES Report Results for First Half 2023

Luxembourg, August 3, 2023 -- Satellite operator SES S.A. announces financial results for the six months ended June 30, 2023.  Ruy Pinto, CEO of SES, commented: “The strong start to the year continued into Q2 resulting in a solid H1 financial performance and confirmation of the 2023 financial outlook. Networks is growing on the back of strong performance in Mobility and robust outturns in Government and Fixed Data. In Video, we have signed additional important renewals which underpin the long-term cash fundamentals and value of our direct-to-home neighbourhoods."