Asia-Pacific Markets - Latest Developments
Intelsat S.A. (OTC: INTEQ), today announced financial results for the three months ended March 31, 2020. Intelsat reported total revenue of US$ 458.8 million and net loss attributable to Intelsat S.A. of US$ 218.8 million for the three months ended March 31, 2020. Intelsat reported EBITDA, or earnings before net interest, taxes and depreciation and amortization, of US$ 263.3 million and Adjusted EBITDA1 of US$ 294.0 million, or 64 percent of revenue, for the three months ended March 31, 2020.
The May 2020 issue of the Satellite Executive Briefing magazine is now available. Featuring:
Vertical Markets for Satellite IoT by Hub Urlings, Herbie Rijndorp and Marco Franken
Business Agility Lessons from the COVID-19 Pandemic by Hari Abburi
Satellite Companies' Responses to the COVID-19 Pandemic
The Satellite Ecosystem and COVID-19 by Martin Jarrold
Better Satellite World Series: In Search of the World's Missing Girls
PLUS 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
Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for its third fiscal quarter ended April 30, 2020 and provided an update on business developments and the UHP and Gilat acquistions.
Fiscal 2020 Third Quarter Highlights
Informa Markets today announced that ConnecTechAsia - Asia’s leading Infocomm Media and Technology event organised in partnership with Singapore’s Infocomm Media Development Authority (IMDA), will be held on a virtual platform during the same dates, 29 September to 1 October 2020. This shift to a virtual event is in response to the dynamic situation of the COVID-19 pandemic, where travel and physical restrictions are still in effect globally.
UHP Networks, the Canadian manufacturer of advanced VSAT networking equipment and systems posted record results at the end of its fiscal year ending April 30, 2020. Despite the COVID-19 pandemic and a major economic downturn unfolding in the last quarter, the company recorded highest revenue and profitability in its history.
Cobham Advanced Electronic Solutions (CAES) today announced the sale of its Cobham RAD radiation testing business in Colorado Springs, CO to Radiation Test Solutions (RTS), a specialist in the design, analysis, and testing of semiconductor devices and materials for satellite, aircraft, and ground applications.
I joined the ranks of cord-cutters back in 2014. It was an easy decision. I don’t watch most network TV, rely on newspapers for my daily news and find televised sports a yawn. I am, in other words, a weirdo. But in the past six years, I have gained a lot of company.
Flip a switch and amazing things happen. Dark to light. Cold to warm. Things open and things close. Yet no one thinks twice. Each flip of the switch is a small miracle, brought to you by billions in investment and the hard work of millions. Brought to you, too, by satellites circling the earth far out of sight, helping to make life electric.
I opened my previous column for this publication one month ago with the following statement: “In starting to draft this column it was impossible not to be affected by the news that the official global figure for Covid-19 fatalities was approaching 200,000. The zoonotic – interspecies – jump to humans and subsequent pandemic spread of the novel coronavirus (SARS-CoV-2) has badly impacted many of the world’s most advanced and richest countries, but the epidemiology tells us that the worst of the impact, on the less-developed world, is still to come.”
The flame for 2020 Tokyo Olympics arrived from Greece to Japan on March 20th and Japanese leg of the torch relay with the concept of “Hope Lights Our Way” was scheduled to begin on March 26 from J Village in Fukushima prefecture. However, on March 24 Prime Minister Shinzo Abe asked the International Olympic Committee (IOC) to postpone the Tokyo Games due to the spreading of the novel coronavirus. Consequently IOC made a decision to accept it.
