Americas Markets - Latest Developments
Comtech Telecommunications Corp. (NASDAQ: CMTL or “Comtech”) today announced that its wholly owned subsidiary, Typhoon Acquisition Corp.
CES® 2016 wrapped today as the most expansive CES, breaking records across the board and providing unparalleled opportunities for companies big and small to launch innovation to the world market.
The 22nd edition of CABSAT - the leading platform for the broadcast, production, content delivery, digital media and satellite sectors across the Middle East, Africa and South Asia (MEASA) - will continue to drive disruptive innovation and monetisation opportunities across the MENA filmed & audio entertainment media market.
SpeedCast International Limited today announced it has signed a definitive agreement for the acquisition of NewCom International a satellite communications service provider specializing in the South and Central American regions. The acquisition opens a new growth frontier for SpeedCast in a region where satellite is widely used and SpeedCast did not have a direct presence. The acquisition will strengthen SpeedCast’s capabilities to serve and support its customers globally, including in the important and growing South American market.
Harmonic (NASDAQ: HLIT), today announced it has signed a binding offer to acquire Thomson Video Networks (TVN). Under the terms of the offer which is in the form of a "put" option agreement, subject to the selling shareholders exercising the put option following a consultation process with TVN's employee works council in France, Harmonic would acquire all of TVN for approximately $75 million in cash plus up to $15 million in post-closing adjustments.
The National Association of Broadcasters (NAB), producers of NAB Show and
Comtech Telecommunications and TeleCommunication Systems announced today the signing of a definitive merger agreement under which Comtech will purchase TCS in a cash transaction.
At an awards ceremony held on the first day of the SATCON Conference and Exhibition in New York City, the Fourth Annual Vision Awards announced winners in three categories: David Myers, President and CEO of Datapath won the Visionary Executive of the Year; ScheduAll’s Portal won the Innovative Product of the Year and Crystal won the Promising Company of the Year.
Comtech Telecommunications Corp. (NASDAQ:CMTL) today reported its operating results for the three months ended October 31, 2015. Net sales for the three months ended October 31, 2015 were $64.1 million compared to $76.4 million for the three months ended October 31, 2014.
DTV Innovations, a leading supplier of digital broadcasting solutions to the world's foremost television broadcasters today announced that it has executed a definitive agreement to acquire the professional video contribution product line from International Datacasting Corporation (TSX:IDC), a technology provider for the world's premiere broadcasters in radio, television, data and digital cinema. The closing of the transaction is subject to the fulfillment of certain closing conditions which are expected to be satisfied in the next two weeks.
