Global Markets - Latest Developments
The 22nd edition of CABSAT - the leading platform for the broadcast, production, content delivery, digital media and satellite sectors across the Middle East, Africa and South Asia (MEASA) - will continue to drive disruptive innovation and monetisation opportunities across the MENA filmed & audio entertainment media market.
SpeedCast International Limited today announced it has signed a definitive agreement for the acquisition of NewCom International a satellite communications service provider specializing in the South and Central American regions. The acquisition opens a new growth frontier for SpeedCast in a region where satellite is widely used and SpeedCast did not have a direct presence. The acquisition will strengthen SpeedCast’s capabilities to serve and support its customers globally, including in the important and growing South American market.
The Internet of Things (IoT) trend will add US$1.7 trillion in value to the global economy by 2019, according to a Business Insider Intelligence report – which is exactly why the upcoming CommunicAsia2016 and EnterpriseIT2016 – held from May 31 to June 3, 2016 at Marina Bay Sands, Singapore – will showcase the latest and most innovative of connectivity and mobility technologies.
Harmonic (NASDAQ: HLIT), today announced it has signed a binding offer to acquire Thomson Video Networks (TVN). Under the terms of the offer which is in the form of a "put" option agreement, subject to the selling shareholders exercising the put option following a consultation process with TVN's employee works council in France, Harmonic would acquire all of TVN for approximately $75 million in cash plus up to $15 million in post-closing adjustments.
The National Association of Broadcasters (NAB), producers of NAB Show and
Comtech Telecommunications and TeleCommunication Systems announced today the signing of a definitive merger agreement under which Comtech will purchase TCS in a cash transaction.
AfricaCom 2015, the continent’s largest and most comprehensive ICT, Technology and Media event kicked off in Cape Town today and lived up to its theme – innovation, transformations and leadership.
At an awards ceremony held on the first day of the SATCON Conference and Exhibition in New York City, the Fourth Annual Vision Awards announced winners in three categories: David Myers, President and CEO of Datapath won the Visionary Executive of the Year; ScheduAll’s Portal won the Innovative Product of the Year and Crystal won the Promising Company of the Year.
Comtech Telecommunications Corp. (NASDAQ:CMTL) today reported its operating results for the three months ended October 31, 2015. Net sales for the three months ended October 31, 2015 were $64.1 million compared to $76.4 million for the three months ended October 31, 2014.
AfricaCom’s innovative Ericsson AHUB is the premium space for investors to meaningfully connect with the wealth of entrepreneurial excellence in Africa’s innovative technology sector.
The Ericsson AHUB at AfricaCom, taking place from 17-19 November at the CTICC, will bring together Africa’s leading entrepreneurs, tech start-ups and venture capital/angel investor communities. The aim is to encourage investment and showcase talent in a sector that has an abundance of ICT tech skills, but needs more funding and guidance from industry experts.
