EMEA Markets - Latest Developments
Given the choice between wrestling a live alligator in a Florida pond and living through the events of 2020 again, I would take my chances with the gator. As we finish our current orbit around the Sun, we have experienced 365 days, 5 hours, 59 minutes and 16 seconds that felt like a Martian year.
And yet…….
When the first people from planet Earth went into space in the 1960s, it was the thrill of a lifetime. But we didn’t stay there long.
Intelsat today completed its acquisition of the Commercial Aviation business of Gogo, creating the world’s leading provider of inflight broadband connectivity to the commercial aviation industry.
The closing of the US$ 400 million cash deal brings together two complementary enterprises — the world’s largest satellite operator with the leading provider of commercial inflight broadband and entertainment services — to deliver unprecedented innovation and long-term value to commercial airlines.
The November 2020 issue of the Satellite Executive Briefing magazine focusing on the Military Satellite Market sponsored by Comtech EF Data is now available. Featuring:
The Military Satellite Market by Virgil Labrador
Executive Roundtable on Internet of Things via Satellite by Bernardo Schneiderman
Case Study: Building a Defense VSAT Network for the Egyptian MoD
TechBrief: Steering Sub-Saharan Communities to a Digital, Connected Future
Executive Spotlight: Ali Al-Kuwari, CEO-Es’hailSat
When the Future Depends on Being Flat by Robert Bell
Virtual CABSAT 2020 in GVF's Cyberspace... by Martin Jarrold
Better Satellite World Series: Where's My Stuff
PLUS Product and Services Spotlight, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, and many more. Click here to read or download the file
Telesat Canada announced today that it has entered into an agreement with Loral Space & Communications Inc. (NASDAQ: LORL) (Loral) and Public Sector Pension Investment Board (PSP Investments) pursuant to which Telesat Canada and Loral will become subsidiaries of Telesat Corporation (Telesat), a new publicly traded Canadian incorporated and controlled company.
The Asia Video Industry Association (AVIA) held its annual state of the industry event, the Asia Video Summit (the Summit), which was supported by Create Hong Kong of the Government of the Hong Kong Special Administrative Region as the Lead Sponsor, on 10 to 12 November 2020 with resounding success as over 1000 delegates from the Asian video industry gathered for the Summit. With most sessions live and broadcast from the studio to a backdrop of Hong Kong or Singapore, the Summit was produced to a very high standard and caps what has been a successful series of virtual events and webin
OneWeb, the Low Earth Orbit (LEO) broadband satellite communications company, announces its emergence from U.S. Chapter 11 bankruptcy protection and achievement of all relevant regulatory approvals. A consortium of UK Government (through the UK Secretary of State for Business, Energy and Industrial Strategy) and Bharti Global, has invested US $1 Billion of new equity to offer broadband connectivity services, via a constellation of 650 LEO satellites.
Viasat Inc. (NASDAQ: VSAT) today announced it will strengthen its European presence by purchasing the remaining 51% share of Euro Broadband Infrastructure (EBI), the wholesale broadband services business created as part of Viasat’s former partnering arrangement with Eutelsat Communications.
ST Engineering today announced that effective January 1, 2021, the company will be reorganized as Commercial and Defence & Public Security clusters, replacing the sector-structure of Aerospace, Electronics, Land Systems and Marine.
New Structure Aligns to Global Growth Strategy and Strengthens Customer Focus
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), today reported its results for the third quarter ended September 30, 2020. Revenues were US$ 37.3 million; compared to US$ 63.4 million in Q3 2019 and similar to that of the previous quarter. GAAP operating loss was US$ 10.9 million compared to operating income of US$ 7.0 million in Q3 2019 and an operating loss of US$ 3.5 million in the previous quarter. The GAAP operating loss in the quarter includes $8.2 million in expenses related to the Comtech merger and litigation and their effects.
