Asia-Pacific Markets - Latest Developments
The Satellite Antenna Market Is expected to be valued at US$ 2.05 Billion in 2017, and is projected to reach US$ 2.99 Billion by 2022 accoring to a recent research study by Research and Markets. The C, K/KU/KA band segment is projected to lead the satellite antenna market during the forecast period.
ITU Telecom World 2017 wrapped up in Busan following a full four-day program of tech innovation showcases, debate, networking and awards. The annual event brought together representatives of nations, leading industry players and small- and medium-sized enterprises (SMEs) from around the world – fostering valuable support for innovation and business partnerships, and facilitating knowledge exchanges and networking.
Northrop Grumman Corporation (NYSE: NOC), a leading global security company, and Orbital ATK, Inc. (NYSE: OA), a global leader in aerospace and defense technologies, today announced they have entered into a definitive agreement under which Northrop Grumman will acquire Orbital ATK for approximately $7.8 billion in cash, plus the assumption of US$1.4 billion in net debt. Orbital ATK shareholders will receive all-cash consideration of $134.50 per share. The agreement has been approved unanimously by the Boards of Directors of both companies.
NAGRA, a Kudelski Group (SIX:KUD.S) company, an independent provider of content protection and multiscreen television solutions, in partnership with MTM, an international research and strategy consultancy, today published the final conclusions of the 2017 Pay-TV Innovation Forum.
Speedcast International Limited (ASX:SDA), a provider of fully managed, remote communication and IT solutions, today announced its financial results for the six-month period ended June 30, 2017, with group revenues of US$ 246.3 million, a 143% period-on-period increase.
Financial Highlights
- Group revenues grew 143% to US$ 246.3 million for the period ended June 30, 2017, while service revenues grew 165% to USD 231.9 million.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2017.
Key Financial Highlights:
NAGRA, a Kudelski Group (SIX:KUD.S) company and one of the world's leading independent provider of content protection and multiscreen television solutions, in partnership with MTM, a leading international research and strategy consultancy, today revealed initial survey findings investigating the top priorities and challenges facing pay-TV operators around the world.
Satellite operartor Intelsat S.A. (NYSE: I), today announced financial results for the three months ended June 30, 2017. Intelsat reported total revenue of US$ 533.2 million and a net loss attributable to Intelsat S.A. of US$ 23.8 million for the three months ended June 30, 2017.
Intelsat reported EBITDA or earnings before net interest, loss/(gain) on early extinguishment of debt, taxes and depreciation and amortization, of US$ 407.3 million and Adjusted EBITDA1 of US$ 417.9 million, or 78 percent of revenue, for the three months ended June 30, 2017.
Telesat Canada today announced its financial results for the three and six-month periods ended June 30, 2017. For the quarter ended June 30, 2017, Telesat reported consolidated revenues of CDN $226 million, or a decline of 3% ($6 million) from the same period in 2016.
Speedcast International Limited (ASX: SDA), today announced it has entered into a definitive agreement to acquire UltiSat for a purchase consideration of up to USD$100 million, payable over two years and subject to the ongoing financial performance of the company. UltiSat is a leading provider of remote communications and professional services to governments, in particular the US government, and to international government organizations (IGOs) and non-governmental organisations (NGOs).
