Americas Markets - Latest Developments


Covington, LA , May 8, 2014

Mobile satellite services operator Globalstar, Inc. reported a net loss of US$ 250.5 million for the first quarter of 2014, driven almost entirely from non-cash sources, compared to US$25.1 million for the first quarter of 2013.  Adjusted EBITDA was US$ 3.8 million for the first quarter of 2014 compared to $2.5 million in the first quarter of 2013, an increase of 54%.

Englewood, Colo., May 8, 2014

DISH Network Corporation today reported revenue totaling $3.59 billion for the quarter ending March 31, 2014, compared to $3.38 billion for the corresponding period in 2013.

Net income attributable to DISH Network totaled $176 million for the quarter ending March 31, 2014, compared to $216 million from the year-ago quarter.

Vancouver, British Columbia – May 7, 2014

Norsat International Inc., a provider of innovative communication solutions that enable the transmission of data, audio and video for remote and challenging applications, today reported financial results for the first quarter ended March 31, 2014.   Total sales were US$ 9.1 million, compared to US$ 8.4 million in Q1 2013.

El Segundo, Calif., May 6, 2014

DIRECTV  today reported that first quarter 2014 revenues increased 4% to US$ 7.86 billion, adjusted operating profit before depreciation and amortization(OPBDA) increased 7% to US$ 2.22 billion, adjusted operating profit increased 7% to US$ 1.51 billion and adjusted diluted earnings per share improved 14% to $1.63 compared to last year’s first quarter.

Houston, Tex., May 6, 2014

ITC Global, a provider of satellite communications to remote and harsh environments announced today that it completed a successful first quarter 2014, signing over US$ 30 million in new long-term service contracts.  The sales come from several new customers, as well as renewals and upgrades from existing clients. The first three months of the year also marked the successful deployment of 27 custom networks for clients across all three of the company’s primary markets – energy, mining, and maritime.  

Washington, DC, May 5, 2014

The National Association of Broadcasters (NAB) is now accepting speaking proposals for the 2014 Content and Communications World (CCW) and Satellite Communications Conference and Expo (SATCON), held November 12-13, 2014 in New York. CCW is a leading media, entertainment and communications technology event focusing on content creation, management and delivery technologies. SATCON offers a conference and exhibition serving companies in the satellite-enabled communications and content delivery industry.

London, UK, May 2, 2014

Maximizing the successful operation of the oil & gas rigs of the future will depend on bandwidth usage level of 100 times that of today. This was the analysis of Brastrading, the Florida, USA, based company which provides engineering and high-level logistics, services, equipment and worldwide telecom solutions for the oil & gas market.

Carlsbad, Calif., May 20, 2014

ViaSat’s fiscal year 2014 results reflected strong growth. Revenues increased 21% to US$ 1.4 billion and Adjusted EBITDA grew 35% to US$ 221.2 million compared to last year. Net income attributable to ViaSat common stockholders rose to US$ 0.44 per share on a non-GAAP diluted basis, or a loss of US$ 0.21 per share on a diluted GAAP basis - compared to fiscal year 2013 net income of US$ 0.02 and a loss of US$ 0.94 per share, respectively.

Ottawa, Canada, May 1, 2014

For the quarter ended March 31, 2014, satellite operator Telesat reported consolidated revenue of CDN$ 242 million, an increase of 11% (CDN$ 23 million) compared to the same period  in 2013.

Washington, D.C., May 1 2014

Intelsat S.A. today reported total revenue of US$ 628.9 million and net income attributable to Intelsat S.A. of US$ 81.9 million, or $0.70 per common share on a diluted basis, for the three months ended March 31, 2014.  The company reported adjusted net income per diluted common share1 of $0.92 for the three months ended March 31, 2014.