Asia-Pacific Markets - Latest Developments
ConnecTechAsia, comprising BroadcastAsia, CommunicAsia and NXTAsia, wrapped up last Thursday drawing 38,000 attendees and 1,700 exhibitors over two venues.
Eutelsat Communications (Euronext Paris: ETL) has confirmed the successful launch of Eutelsat 7C. The satellite was lifted into space from Kourou, French Guiana by an Ariane 5 rocket at 23h43 CET (21h43 UTC) on June 20th.
Global Invacom, a global provider of satellite communications equipment, has announced the acquisition of the technology of the Apexsat group of companies. This includes the assets and intellectual property (IP) from Apexsat.
The Asia Video Industry Association (AVIA) welcomed over 180 delegates to the first Satellite Industry Forum (SIF) in Singapore since its rebrand from Casbaa in August 2018. On Monday, CEO Louis Boswell reiterated the importance of AVIA’s continued focus and support of the satellite industry in this period of great change and disruption, particularly in the areas of policy and regulation.
ConnecTechAsia, comprising BroadcastAsia, CommunicAsia and NXTAsia officially opens today at Marina Bay Sands and Suntec Singapore. Held from 18-20 June 2019, the three-day event showcases the latest smart technologies and trends that are shaping Asia’s digital future.
Peraton, a portfolio company of Veritas Capital, has entered into a definitive agreement to acquire Solers, a leading provider of software development and systems integration for space situational awareness, satellite ground systems and operations, cybersecurity engineering, and enterprise cloud-based solutions.
Raytheon Company and United Technologies Corp. have entered into an agreement to combine in an all-stock merger of equals. The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defense. The merger of Raytheon, a leading defense company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defense technologies.
Intelsat S.A. (NYSE: I) announced today that its indirect wholly-owned subsidiary, Intelsat Jackson Holdings S.A., intends to offer US$ 300 million aggregate principal amount of its 9.750% senior notes due 2025 (the “Notes”). The offering would constitute an offering of additional notes having the same terms as Intelsat Jackson’s existing 9.750% Senior Notes due 2025 (other than issue price).
Three editions of the AI for Good Global Summit have showcased numerous artificial intelligence (AI) projects with promise to advance the United Nations Sustainable Development Goals (SDGs). From summit to summit, participants have recognized the significance of the leap from AI promise to global impact, a leap that they plan to take together with the development of an 'AI Commons'?
Comtech Telecommunications Corp.’s (NASDAQ: CMTL) net sales for the third quarter of fiscal 2019 rose to $170.4 million compared to the US$ 147.9 million achieved during the third quarter of fiscal 2018, representing an increase of US$ 22.5 million, or 15.2%.
Net sales for the first nine months of fiscal 2019 were US$ 495.4 million compared to the US$ 403.2 million achieved during the first nine months of fiscal 2018, representing an increase of US$ 92.2 million, or 22.9%.
