Americas Markets - Latest Developments
It’s not often in a technology business that billions in investment and revenue depend on one of the humblest components of the tech system.
It’s the moment you dread. You reach into your pocket or handbag – and your phone isn’t there. A flash of panic runs through you. Where is it? Lost? Stolen? You rush online and use the “find my phone” feature to see where it is. And there it is at the restaurant where you left it last night.
Intelsat S.A. (OTC: INTEQ), today reported total revenues of US$ 489.4 million and net loss attributable to Intelsat S.A. of US$ 15.9 million for the three months ended September 30, 2020. Intelsat reported EBITDA, or earnings before net interest, gain on early extinguishment of debt, taxes and depreciation and amortization, of US$ 266.7 million and Adjusted EBITDA of US$ 332.9 million, or 68% of revenue, for the three months ended September 30, 2020.
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) a today announced financial results for the quarter ended September 30, 2020. Key points from the quarter include:
The October 2020 issue of the Satellite Executive Briefing magazine focusing on Satellite Mobility Market sponsored by Advantech Wireless is now available. Featuring:
Whither the Satellite Mobility Market? by Virgil Labrador
Case Study: Managing an Outside Broadcast Fleet
Executive Spotlight: Hans Massart, Head-Broadcast and Media, ST Engineering iDirect
Leaning Into Risk by Lou Zacharilla
Digitization, "Actionable Intelligence" and a Global Digital Ecosystem by Martin Jarrold
Company Spotlight: Revgo Global
PLUS Product and Services Spotlight, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more. Click here to read or download the file
ICEYE today announced that Jerry Welsh, who joined ICEYE in 2017 as COO/CFO, will take on the CEO role for ICEYE US. Welsh, an operations and technology expert who specializes in scale-up strategy recently oversaw the completion of ICEYE’s US$ 87 million Series C financing. He will lead a team focused on deploying capital to scale operations and serve the needs of US customers.
Following a two-year partnership, which has delivered NBN Co's Business Satellite Services to businesses across Australia, Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDQ) has today announced it has sold selected functions of its wholly-owned subsidiary and dedicated entity, Speedcast Managed Services, to Australian government-owned infrastructure provider, NBN Co.
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2020. The company reported Operating Verticals revenues of €307 million, down 1.9% like-for-like and total revenues down 0.7%. Backlog of €4.4bn, up 3% year-on-year.
SАTCOMRUS 2020, the 25th anniversary international conference of operators and users of Russia’s satellite communication networks, took place online on October 8, 2020. The event was held with the support of the Ministry of Digital Development, Communications and Mass Media of the Russian Federation, the Federal Communications Agency and the Roscosmos State Corporation. Over 400 specialists from Russia, Great Britain, USA, Canada, Israel, Italy, France, Indonesia, Nigeria, India, Azerbaijan took part in the digital conference.
Iridium Communications Inc. (Nasdaq: IRDM)today reported financial results for the third quarter of 2020 and updated its full-year 2020 outlook. Net loss was US$ 4.0 million, or $0.03 per diluted share, for the third quarter of 2020, as compared to net loss of US$ 18.0 million, or US$ 0.14 per diluted share, for the third quarter of 2019. This decrease in net loss was primarily the result of lower net interest expenses related to the refinancing of Iridium's credit facility and high-yield notes from the year ago period.
