Asia-Pacific Markets - Latest Developments
The 38th ITU World Radiocommunication Conference (WRC-19) has adopted a new innovative milestone-based regulatory approach for the deployment of non-geostationary satellite orbit (NGSO) satellites in specific bands and services.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) today reported its results for the third quarter ended September 30, 2019. GAAP Operating Income Increases 43.1% sequentially; Adjusted EBITDA reaches double digits totaling US $10.1 million.
Key Financial Highlights:
The GVF-C21 Partnership has announced details of the opening keynote addresses to be given at the HTS Roundtable: GEOs, MEOs, LEOs – Enabling a Brave New World on 2nd December 2019 at ETC Venues-St Pauls, 200 Aldersgate, London EC1A 4HD.
The Asia Video Industry Association (AVIA) welcomed over 500 senior video executives to the Asia Video Summit, held at the Ritz Carlton, Millenia, Singapore from 4 – 6 November. The summit continued to address the State of the Video Industry focusing on five key themes – business models, advertising, human capital, news and policy, some of the most pressing issues the industry faces today.
Telesat today announced its financial results for the three and nine-month periods ended September 30, 2019. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted. For the quarter ended September 30, 2019, Telesat reported consolidated revenue of $237 million, an increase of 4% ($10 million) compared to the same period in 2018.
Last month I spoke at an event for information technology security professionals in Riga, Latvia. The theme of my presentation was a little off the mainstream of topics addressed during the several tracks of the program – unsurprisingly heavily focused on cyber security, but also covering the continuing evolution of 5G, the upcoming generation of terrestrial mobile broadband communications.
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2019. First Quarter revenues of the Operating Verticals of €316.5 million, down 6.2% like-for-like , (ie, at constant currency and perimeter).
Satellite operator Thaicom Public Company Limited (THCOM), announced its financial results for the third quarter ending September 30, 2019. THCOM reported revenue from sales and services for Q3/2019 of THB 1,188 million (approximately US$ 39.37 million), down by 2.3% from Q2/2019 due mainly to the churn of broadband customers. However, the utilization and revenue of broadcast services increased 1.2% QoQ from new sales.
Iridium Communications Inc.
Satelite operator Intelsat S.A. (NYSE: I), today announced financial results for the three and nine months ended September 30, 2019. Intelsat reported total revenue of US$ 506.7 million and net loss attributable to Intelsat S.A. of US$ 148.3 million for the three months ended September 30, 2019.
