EMEA Markets - Latest Developments
The September 2021 issue of the Satellite Executive Briefing magazine is now available. Featuring:
The Satellite Industry in a Post-Pandemic World by Virgil Labrador
The Military Satellite Market by Omkar Nikam
TechBrief: Reliable Battlefield Network Automation by Juan Manuel Martinez
Prospects in the Satellite Data Services Market by Lalit Katare
Interview with Cynthia Harty, Vice-President-Strategic Business Development, ST Engineering iDirect
Company Spotlight: AVEALTO's High Altitude Platform
Show Report: Space Symposium 2021
National Harbor Your Way: In-person or Virtual by Martin Jarrold
PLUS Products and Services Spotlight @SATELLITE 2021, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets Stock Index and many more. Click here to read or download the file.
IBC, the world's most inspiring content and technology event, announces a comprehensive content programme for IBC Show 2021 which for the first time in IBC’s history will be free for all to access. Attendees can watch the sessions in person in Amsterdam or online via IBC Digital, which will launch on 21st October.
OneWeb, the low Earth orbit (LEO) satellite communications company, announced today that it has completed its acquisition of Texas-based TrustComm Inc., a provider of managed satellite communications and professional services to commercial and governments organizations. OneWeb announced the planned acquisition of TrustComm in May 2021 and received all necessary regulatory approvals enabling the transaction to close.
Following consummation of this transaction, TrustComm will become known as OneWeb Technologies Inc, a wholly owned subsidiary of OneWeb.
Seraphim Space Investment Trust plc (LSE: SSIT) announced the acquisition of the holding of Arqit Quantum Inc. from the Seraphim Space LP (Seraphim Space Fund) . As set out in the IPO prospectus, Seraphim Space will acquire four assets from the Seraphim Space Fund for newly issued ordinary shares in the Company. This acquisition represents the second of those transactions to complete.
Registration is in full swing for the SATCOMRUS, an international conference of operators and users of Russia’s satellite communication network. This year the event will be held on October 7-8 in hybrid format: offline in Kaliningrad with live streaming on the satcomrus.com website. The event will be focused on the role of satellite communications in the digital transformation of the economy and society.
IBC welcomed the announcement from the Dutch Government relaxing COVID-19 social distancing measures and removing quarantine rules for fully vaccinated travellers. After a summer of testing safety protocols, the changes are a real boost to business confidence and mean that large-scale trade shows can once again return to The RAI in Amsterdam, including the IBC exhibition schedule for December this year.
The National Association of Broadcasters, the organizers of the annual NAB show in Las Vegas announced today that it is canceling the live event scheduled to be held from October 10-13. While the live event will no longer be held, the NAB kept open options for virtual content through NAB Amplify.
The NAB issued the follwing statement today:
Providence Equity Partners, a private equity firm that specialises in the media, communications, education, software and services industries, has agreed to acquire a majority shareholding in Marlink from Apax Partners SAS, a European private equity firm based in Paris. The transaction results in an enterprise value for Marlink Group of approximately US$1.4 Billon.
Apax, will retain a significant minority shareholding. Marlink’s management team and world leading investment house Ardian have also committed to minority interests.
Eutelsat Communications (Euronext Paris: ETL) confirms the closing of its US$ 550 million equity investment in OneWeb announced on April 27, 2021. Subject to completion of the subsequently announced investments in OneWeb by Bharti and Hanwha, Eutelsat will hold a 17.6% stake.
At the Satellite 2021 show in Washington, D.C., Satellite Markets and Research Editor-in-Chief Virgil Labrador spoke with Chris Badgett, VP-Technology of Kratos Space. Click here to view the video.
