EMEA Markets - Latest Developments
Tata Communications, a global digital ecosystem enabler, today announced it has entered into a definitive agreement through its wholly owned international subsidiary Tata Communications (Netherlands) B.V. to acquire The Switch Enterprises LLC. New York-headquartered, The Switch is an end-to- end live video production and transmission services provider with reach to top tier sporting venues in North America. With this transaction, Tata Communications will gain a strong foothold into the Americas media and entertainment market, extend its portfolio into live video production and become uniquely positioned as an end-to-end media ecosystem player in the entire content development value chain globally, according to the company.
Boryung Co. announced on Dec. 21 that it has decided to make a strategic investment of US$50 million in Axiom Space, Inc., a U.S. company promoting the construction of the world’s first commercial space station.
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that it has entered into a definitive merger agreement to be acquired by Advent International (“Advent”), one of the largest and most experienced global private equity investors, in an all-cash transaction that values Maxar at an enterprise value of approximately US$ 6.4 billion. Advent is headquartered in the United States and has a demonstrable track record as a responsible owner of defense and security businesses. Following the close of the transaction, Maxar will remain a U.S.-controlled and operated company.
NAB Show is launching a new awards program to recognize individuals, companies and products for outstanding innovations in media technology that promote conservation and reusability of natural resources and foster economic and social development. The NAB Show Excellence in Sustainability Awards will be presented during a special ceremony on the Main Stage at NAB Show on April 16, 2023 in Las Vegas.
Euroconsult, the leading space consulting and market intelligence firm announces the return of LATSAT, the Latin American summit dedicated to the satcom, connectivity, and Earth observation sectors. The 6th edition supported by ARSAT and the Argentinian Government will be taking place on May 23-24, 2023, in Buenos Aires, Argentina.
The SATELLITE Conference and Exhibition is pleased to announce this year’s Tuesday and Wednesday Opening General Session keynote speakers. Tuesday’s Opening General Session will feature Dave Limp, Senior Vice President of Devices & Services at Amazon, and Wednesday’s Opening General Session will feature Steve Collar, CEO of SES.
Boeing [NYSE: BA] today announced a series of executive leadership changes and reorganizations aimed at accelerating operational discipline, first-time quality and performance while streamlining senior leadership roles and responsibilities.
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Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) today reported its results for the third quarter ended September 30, 2022. The company reported revenues of US$ 60.4 million, up 21% year-over-year, GAAP operating income of US$ 3.4 million versus US $0.8 million in Q3 last year, and adjusted EBITDA of US$ 7.3 million, up 88% year-over-year "
