Singapore Technologies Engineering Ltd today announced that its subsidiary, Singapore Technologies Engineering (Europe) Ltd, has entered into a conditional share purchase agreement to acquire a 100% ownership in Newtec Group NV, an established Belgium-based company in the satellite communications industry.

The consideration of US$281.24 million (€250 million or approximately S$383 million) on a cash-free and debt-free basis for the proposed acquisition, subject to closing adjustments, is payable in cash.

C-COM Satellite Systems Inc. (TSXV: CMI) announced today it generated revenues of US$10.1 million (Ca$13,527,368) and a net after tax profit of US$1.72 million (Ca$2,299,501) or US 4.48 cents (6 Ca. cents per share). This compared with revenues of US$7.68 (Ca$10,282,319) and a net after tax profit of US$0.77 million (Ca$1,035,744) or US 2.24 cents (Ca. 3 cents per share) as reported in 2017, representing an increase of 31.6% and 122.0% respectively.

The boards of Inmarsat and Triton Bidco announced today that they have reached agreement for a US$3.4 billion in cash takeover by Triton Bidco of Inmarsat.

Triton Bidco is a newly formed joint venture company owned in equal shares by fund managers Apax Warburg Pincus, Canada Pension Plan Investment Board, and Ontario Teachers’ Pension Plan Board.

Under the terms of the acquisition, Inmarsat shareholders are to receive US$7.21 per Inmarsat share, comprised of a cash consideration of US$7.09 per share, and a final divided of USD0.12 to be paid on May 30.

The Satellite Hub Summit @ CABSAT 2019, GVF’s prominent MENA platform for addressing and analyzing evolutionary and revolutionary transitions in satellite technologies, services, applications, and markets, was a central feature at the Dubai International Convention & Exhibition Centre/Dubai World Trade Centre over 12th to 14th March. The Hub program started-off with the first of two important keynote addresses.

Leading figures from the Middle East’s growing eSports community believe that government-backing would give the Gen Z-led phenomenon the backbone it needs to “thrive” in the UAE and wider region.

Mohammad Albanna, who is on the board of the UAE eSports Federation, and Saeed Sharaf, CEO of eSport Middle East and president of the Syrian eSport Association, led an open panel discussion at the debut eSports Pavilion at CABSAT – the region’s leading event for the satellite, broadcast and filmed content media and entertainment industry.

Vertice 360, the Spanish media company owned by Squirrel Capital, is set to acquire M-Three Satcom, the Italian based teleport operator founded in 2004 and acquired by Giglio Group in 2015.

M-Three Satcom will be main part of a wider agreement including the purchase by Vertice of other media assets of Giglio Group as the internationally distributed Nautical Channel and  the Italian DTT Lcn  68.

The 2020 NAB Show will be held April 18 - 22, with exhibits open April 19 - 22, at the Las Vegas Convention Center.

NAB Show is the world's largest and most comprehensive convention encompassing the convergence of media, entertainment and technology. The 2019 NAB Show dates remain as previously announced April 6 - 11, 2019, with exhibits Monday - Thursday, April 8 - 11.

Integrasys concluded last week its VIP Partners’ Summit to present the company’s latest products and services, and also to listen to success cases on the use of its products.

Once upon a time, a large teleport operator was hit by a major power outage.  Uninterruptible power supplies immediately kicked in and the NOC staff waited for the generator to start.  Nothing happened.  So, they switched to the backup generator.  Still nothing.  Work crews rushed to trouble-shoot the generator failures while the countdown timer on the UPS batteries ticked downward…and downward…and still downward.  Just minutes from total loss of power, the work crews got one of the generators started and customers suffered no loss of service.  

Since 2016, the FCC had approved satellite constellations for new Non-geostationary Orbit (NGSO) Systems and the latest ones given green light were Spacex, Telesat, Keppler, and Leosat in November 2018 authorizing nearly 8,000 small telecom satellites to serve U.S. entities from Low Earth Orbit allowing global coverage.