Americas Markets - Latest Developments
Technicolor has entered into an exclusive agreement with Cisco to acquire its customer premises equipment (CPE) business for €550 million in a cash and stock transaction. The acquisition includes all of Cisco’s cable modem and set-top box businesses.
Planet Labs has entered into a definitive agreement to purchase the BlackBridge geospatial companies, including the RapidEye suite of core offerings.
C-COM Satellite Systems Inc. (TSXV: CMI), a global provider of mobile auto-deploying satellite antenna systems, announced today financial results for its second quarter ended May 31, 2015. The company has generated revenues of CDN$ 3,101,579 and a net after tax profit of CDN$ 313,201 or 1 cent per share. This compared with revenues of CDN$ 3,754,738 and a net after tax profit of 782,188 or 2 cents per share as reported in 2014, representing a decrease of 17.4% and 60% respectively.
Registration is now open for in the 2nd Latin American Broadcasting Business Forum, to be held on August 25 and 26 in São Paolo, Bazil.The event is organized by SET and the Asociación Internacional de Radiodifusión (A.I.R.), with the support of the Brazilian Association of Radio and Television Broadcasters (ABERT) and the Association of Radio and Television Broadcasters of the State of São Paulo (AESP). The Forum will be held as part of the SET EXPO, the largest broadcast and new media business and technology event in Latin America.
International Datacasting Corporation (IDC) (TSX:IDC),announced today that it has completed a $0.9 million private placement, streamlined the leadership team and made some changes to its Board of Directors.
Harris Corporation (NYSE:HRS) announced that it will reorganize its business segments to increase operational efficiency and capture synergies that result from Harris’ recent acquisition of Exelis.
The second annual Latin American Satellite Communication and Broadcasting Summit (LATSAT) organized by Euroconsult in Mexico City, like the Latin American satellite market, continues to grow into one of the premier industry events in the region. Held at the Sheraton Maria Isabel Hotel from May 20-21, 2015, over 200 executives from all over the Americas attended the event.
The National Association of Broadcasters (NAB) announced today that Lieutenant General John “Jay” Raymond, Commander, 14th Air Force (Air Forces Strategic), Air Force Space Command and Commander, Joint Functional Component Command for Space, U.S. Strategic Command, will provide the keynote for SATCON, part of NAB’s Content and Communications World (CCW), on Thursday, November 12. CCW will be held November 11-12 in New York City.
ARRIS’ acquisition of Pace created the largest set-top manufacturer, with 22% worldwide market share of the set-top box market. ARRIS is about three times larger than most competitors including EchoStar, Technicolor, Cisco, and Humax. Set-top semiconductor leader Broadcom was also acquired by relative newcomer Avago, an acquisition not directly impactful to the set-top market, but a sign of the significant consolidation that will continue to impact the market in the next few years.
The World Teleport Association (WTA) today announced the release of a new research report: Inside the Top Operators 2015. The report analyzes data from the Top Operator Rankings of 2014, released by WTA in December
