EMEA Markets - Latest Developments
Inmarsat plc. has reported slightly higher revenues and profits in the first half of the year, fuelled by strong growth in demand for broadband communications on ships and aircraft. Inmarsat reported first half 2013 revenues of US$635.2 million, up 1 percent than the US$629.6 million during the same period last year. Its adjusted EBITDA was US$327.2 million for the first half of the year versus $332.1 million last year while profit before tax was US$185.5 million against US$222.8 million last year.
Over the years IBC has made substantial investment in its feature areas, ensuring that its 50,000+ visitors from 160 countries gain as much understanding as they can about the new technologies that are changing the landscape of the electronic media and entertainment industry.
Intelsat S.A. reported a slight rise in revenue to US$ 653.8 million but posted a net loss of US$ 408.3 million, or US$ 4.19 per share, for the three months ended June 30, 2013. The loss, however, included US$ 366.8 million for pre-tax charges related to early extinguishment of debt resulting from debt paydowns resulting from the company’s April 2013 initial public offering and debt refinancing activity in the second quarter.
RigNet, Inc., aprovider of managed remote communications solutions to the oil and gas industry, today announced a strategic deal with Inmarsat plc involving the sale of Inmarsat's Energy Broadband business to RigNet and the appointment of RigNet to become a key distribution partner to deliver Inmarsat's Global Xpress ("GX") and L-band services to the energy sector worldwide.
Eutelsat announced it has reached an agreement to acquire 100% of Satélites Mexicanos, S.A. de C.V. ("Satmex") for an enterprise value of US$1,142 million. This acquisition, together with the recently ordered EUTELSAT 65 West A satellite, will position the group as a major satellite operator in Latin America, reflecting its strategy to expand in high growth markets.
The GVF-EMP Conference Partnership have announced details of the next programs in their Oil & Gas Communications Conference Series and High Throughput Satellite Roundtable Series, programs which reflect some latest developments in oil and gas industry communications requirements, and in the technological and service delivery capabilities of the world’s leading satellite operators and networking solutions providers.
The Director and Co-founder of the Space Portal at NASA Ames Research Centre, Dr. Daniel Rasky, will be speaking at the International Space Commerce 2013 Summit to be held on 29th-30th October in London. Alan Brunstrom, the Head of Applications in the Business Office which aims to promote integrated applications at the European Space Agency (ESA) will also be part of the speaking faculty for the ISC2013 Summit and will speak about ESA's applications development programs.
Eutelsat Communications on Tuesday reported a 5.1 percent increase in revenues to €1,284 million (US$1,703 million) and operating income before depreciation and amortization (EBITDA) of €995.3 million (US$1,320.22 million) equivalent to 77.5 percent margins for fiscal year 2012-2013.
The board recommended dividends of €1.08 (US$1.43) per share representing a payout of 67 percent.
The favourable results prompted the company to raise outlook to over 2.5 percent revenue growth for 2013–2014 and an average of over 5 percent for the two following years until 30 June 2016.
British set-top box maker Pace Plc said profits in the first half more than tripled, driven by continuing demand for its media-server products in North America and Latin American markets, which offset some softness in Europe.
Revenue grew 31 percent to $1.318 billion compared with $1.006 billion at this point last year. Profit rose by $35.1 million (57 percent) and adjusted EBITA rose to $96.7 million, delivering $92 million of free cash flow, a 95.1 percent adjusted EBITA to cash conversion ratio.
Hughes Network Systems announced today that it has achieved carrier data rates exceeding 1 Gbps on its JUPITER System. Hughes believes this achievement to be a technology first for High Throughput Satellite (HTS) systems, resulting in more subscribers per satellite and greater capacity per subscriber.
