Harris Corporation and Exelis today announced a definitive agreement under which Harris will acquire Exelis in a cash and stock transaction valued at US$ 23.75 per share, or an approximately US$ 4.75 billion enterprise value.

The agreement has been unanimously approved by the Boards of Directors of both companies. The transaction is expected to close in June 2015 and is subject to customary closing conditions, including regulatory and Exelis shareholder approval.

TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), reported results for the fourth quarter and fiscal year ended December 31, 2014. Revenue was up 19% from the fourth quarter of 2013. Adjusted EBITDA of US $9.9 million (earnings before interest, taxes, depreciation, amortization, and amortization of non-cash stock-based compensation) was up 14% from $8.8 million in the year-ago quarter; this was the company's third consecutive quarter of EBITDA improvement.

CASBAA, the Association for digital multichannel TV, content, platforms, advertising and video delivery throughout the Asia-Pacific, will hold its second annual OTT Summit on Tuesday, March 3 at the Grand Hyatt Singapore.

RigNet, Inc. (NASDAQ:RNET), a lglobal provider of managed remote communications solutions to the oil and gas industry, today announced that it has completed the acquisition of Orgtec S.A.P.I. de C.V., d.b.a. TECNOR, a  provider of telecommunications solutions and services for remote sites on land, sea and air, including a wide array of equipment, voice and data services, satellite coverage and bandwidth options in Mexico.

Living in an on-demand world, a simple swipe of one’s mobile phone or a few clicks of the mouse can now bring consumers a plethora of content and applications. Direct to Home (DTH), IPTV and Over-the-Top (OTT) services are projected to grow in the next five years on the back of government support in infrastructure development including fibre roll-outs fueled by increased consumer demand across the Asia Pacific. The region is expected to become the world’s second largest for OTT SVOD services by 2018.

The first IBC Content Everywhere MENA show closed its doors on a highly successful event which brought together 1,451 thought leaders from the Middle East, North Africa and beyond. There are dramatic changes in the way that we create, share, consume and monetise content, and the most pressing topics were covered at IBC Content Everywhere MENA.

Emerging Markets Communications (EMC), a satellite and terrestrial communications services provider, announced that  it acquired General Industry Systems (GIS) AS, a Norwegian-based provider specializing in energy and maritime connectivity services for offshore operations. The consolidated portfolio of products, services, experience, locations and engineers of the companies strengthens EMC’s energy and maritime business segments.

Inmarsat (LSE:ISAT.L), announces the successful launch of its second Global Xpress (GX) satellite (Inmarsat-5 F2) on board an International Launch Services (ILS) Proton Breeze M rocket launched from Baikonur Cosmodrome in Kazakhstan on Sunday, February 1st at 12:31 GMT.

Ericsson (NASDAQ:ERIC) has strengthened its partnership with twofour54, the commercial arm of the Media Zone Authority - Abu Dhabi, through the acquisition of its current playout business, initially providing playout services for nine different channels.

The agreement, which comes as part of a long-term partnership, recognizes the important role of the private sector in supporting twofour54 in building Abu Dhabi's media industry ecosystem. For Ericsson, the acquisition provides an ideal springboard for its expansion into the region from its base in Abu Dhabi.

Amino Technologies plc. a provider of  digital entertainment solutions for IPTV, OTT and in-home multimedia distribution, announced audited results for the fiscal year ended 30 November 2014. Revenues were in line with expectations at £36.2m (2013: £35.9m) with return to growth in the second half. Gross margin was up 1 percentage point to 46.3% (2013: 45.3%)

Other highlights include:

- EBITDA before exceptional items increased by 11% to £6.7m (2013: £6.0m)

- Profit before exceptional items and tax increased by 23% to £4.2m1 (2013: £3.4m)