EMEA Markets - Latest Developments


Sydney, Australia, August 26, 2015

Satellite communications service provider SpeedCast today announced strong half year 2015 results for the period of January through June 2015, demonstrating double digit year-on-year growth across all major P&L metrics.

Statutory revenues grew 32% to US$ 71.7 million. Compared with 1H 2014 pro forma revenue, which includes the full period impact of acquisitions completed in 2014, total revenue grew 23%, with core service revenues growing 32% over the same period.

Kourou, French Guiana, August 20, 2015

 ariane5-launch-2015.jpgThe 225th launch of the Ariane 5 rocket successfully placed two telecommunication satellites, Eutelsat 8 and Intelsat 34 in geostationary transfer orbits on August 20, following lift off from the European spaceport in Kourou, French Guiana.

Petah Tikva, Israel, August 12, 2015

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a provider  of satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2015.  

Key Financial Updates:

  • Revenues for the second quarter of 2015 were US$ 44.3 million compared to US$ 45.2 million in the first quarter of 2015 and US$ 54.1 million in the comparable period of 2014.

Washington, DC, August 10, 2015

 steve-mosko.gifThe National Association of Broadcasters (NAB) announced today that Steve Mosko, Sony Pictures Television president, will participate in the opening keynote conversation at NAB’s Content and Communications World (CCW) on Wednesday, November 11. CCW will be held November 11-12 in New York City.

London, UK, August 6, 2015

Inmarsat plc (LSE: ISAT.L) reported continued mobile satellite services business growth for the half year ended 30 June 2015. Total revenues were  US$616.2 million (2014: US$ 652.3 million). Revenues from LightSquared was US $35.0 million  (2014: US$ 47.1 million). Wholesale MSS revenues were US$ 403.8m, up +4.2% (2014: US$ 387.6 million).

Total EBITDA ws US$ 342.7 million  (2014: US$ 369.7 million) and frofit after tax was US$ 131.6 million  (2014: US$ 136.7 million).

Geneva, Switzerland, August 3, 2015

The World Radiocommunication Conference, the international treaty-making Conference, will review the international regulatory framework for radiocommunications – the Radio Regulations – and revise them as needed to take into account the rapid evolution of information and communication technologies (ICT), ensuring that reliable radio services are available  everywhere, enabling people to live and travel safely and enjoy high performance radiocommunications.

McLean, Va., July 30, 2015

Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the second quarter of 2015 and updated its full-year 2015 and long-range outlook. Net income was US$ 26.0 million, or US$ 0.21 per diluted share, for the second quarter of 2015, as compared to US$ 15.0 million, or US$ 0.14 per diluted share, for the second quarter of 2014.

Tyson's Corner, Va., July 30, 2015

Intelsat S.A. (NYSE: I) today reported total revenue of US$ 598.1 million and net income attributable to Intelsat S.A. of US$ 60.2 million, or US$ 0.47 per common share on a diluted basis, for the three months ended June 30, 2015. The company reported adjusted net income per diluted common shareof $0.70 for the three months ended June 30, 2015.

Paris, France, July 30, 2015

Eutelsat reported revenues of €1,476m up 4.0% , and 9.5% on a reported basis for the full year ending June 30, 2015. With an EBITDA margin of 76.7% the cmpany reported high level of profitability and the results wee fully in line with objectives.

Sydney, Australia, July 28, 2015

SpeedCast International Limited  today announced that it has signed a definitive agreement to acquire SAIT Communications, a fast-growing maritime communications service provider in southern Europe.  SAIT Communications is one of the leading suppliers of L-band satellite services in the southern European maritime market, in particular Greece, which is one of the largest maritime markets in Europe, as well as Cyprus.