Global Markets - Latest Developments


Tokyo, Japan, February 27, 2015

NEC Corporation (NEC; TSE: 6701) today announced a decision to acquire all shares in NEC TOSHIBA Space Systems Ltd. (NTSpace), a joint venture established in partnership with Toshiba Corporation in 2001. Shares are due to be acquired from Toshiba on March 31, 2015.

As one of its core businesses, NEC provides space solutions that cover everything from satellite systems and terrestrial satellite operation and control systems, to systems for utilizing satellite data.

Mclean, Va., Feb. 26, 2015

Iridium Communications Inc. (Nasdaq:IRDM) today reported financial results for the fourth quarter of 2014 and issued its full-year 2015 and long-range outlook. Net income was US$ 23.0 million, or $0.19 per diluted share, for the fourth quarter of 2014, as compared to US$ 15.6 million, or $0.18 per diluted share, for the fourth quarter of 2013.

Ottawa, Canada, February 26, 2015

For the year ended December 31, 2014, Telesat reported consolidated revenues of Cdn.$ 923 million, an increase of approximately 3% (Cdn.$ 26 million) compared to 2013.

Washington, D.C., February 24, 2015

The major industry groups working towards interference mitigation have announced a number of workshops and meetings during the week of Satellite 2015 in Washington D.C.
 

Hong Kong, February 24, 2015

SpeedCast International Limited  today announced the acquisition of Geolink Satellite Services, a provider of satellite communications solutions in the African region, and part of the CETel Group. 

Englewood, Colo., February 23, 2015

DISH Network Corporation (NASDAQ: DISH) reported 2014 total revenue of US$ 14.6 billion compared to US$ 13.9 billion in 2013, an increase of 5.3 percent. Net income attributable to DISH Network in 2014 increased 17.0 percent to US$ 945 million from US$ 807 million in 2013. Diluted earnings per share were $2.04 in 2014, compared with $1.76 in 2013.

El Segundo, Calif., February 20, 2015

DIRECTV (NASDAQ:DTV) today reported that fourth quarter 2014 revenues increased 4% to US$ 8.92 billion, operating profit before depreciation and amortization (OPBDA) and operating profit decreased to US$ 2.00 billion  and US $1.26 billion, respectively, and diluted earnings per share was unchanged at US$1.53 compared to last year's fourth quarter.

Luxembourg, February 20, 2015

SES S.A. (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) reports financial results for the year ended 31 December 2014. The company reported revenues of EUR 1,919.1 million, up 4.0% at constant FX over the prior year and  EBITDA of EUR 1,428.0 million, up 5.0% at constant FX over the prior year.

EBITDA margin improved to 74.4% from 73.7% at constant FX. Profit of the group up 6.0% to EUR 600.8 million; EPS up 5.6% to EUR 1.49 in 2014. Dividend of EUR 1.18 per A-share proposed, representing 10% increase over 2013.

Washington, D.C., February 19, 2015 -

Federal Communications Commission (FCC) Chairman Tom Wheeler will speak 2015 NAB Show in Las Vegas, the National Association of Broadcasters (NAB) announced today. The address, which will be held Wednesday, April 15, 9:00-10:00 a.m., is expected to provide insight into the FCC’s policy and regulatory objectives related to broadcasting, technology and communications law generally.

Madrid, Spain, February 19, 2015

In 2014, Spanish satellite telecommunications operator HISPASAT, secured a total revenue of 202.1 million Euros, which roughly equates to the 201.4 million made in the previous fiscal year.  Intense commercial action has opened the doors to new markets and more than compensated for the shrinking European economy, the fault registered in the Amazonas 4A and the negative impact of exchange rates.