Global Markets - Latest Developments


Singapore, Feb 16, 2015

Global mobile connections have passed the seven billion mark-a figure akin to the global population[1]. Multi-screen consumption of content has thrown control to the hands of the consumer like never before. Enterprise mobility has become ingrained in consumers' lives and transformed the workplace where employees not only have choice in devices, but applications too. Once thought to be a thing of the future, driverless cars are to become a reality in everyday lives.

London, UK, February 13, 2015

SES S.A. (NYSE Paris:SESG) (LuxX:SESG) hosted a conference on Ultra High Definition (UHD) in London. With a gathering of expert guest speakers, the event’s objective was to exchange views and debate on the current place of UHD in the media industry and its future. This event was also an opportunity for SES to demonstrate a live broadcast of its UHD channel, recently launched at 28.2E.

“UHD needs to be a compelling user experience, taking them from watching a box to being within the scene.”

Isle of Man, February 12, 2015

The Space Data Association (SDA) will be holding its Annual User’s Meeting at the Intelsat Headquarters in Tyson’s Corner, VA on Monday 16th March.
 

Paris, France, February 12, 2015

The Board of Directors of Eutelsat Communications (NYSE Euronext Paris: ETL) announced  financial results for the half-year ended  December 31, 2014. First Half revenues of €723 million up 4.3% on a like-for-like basis. EBITDA margin was 77.4%.

Net attributable income of €161 million up 9.1%, net margin of 22.2% Strong backlog of €6.1 billion, 4.4 years of revenues Eutelsat also confirmed full-year and three-year financial targets confirmed.

Paris, France,  Feb. 11, 2015

Video delivery solutions provider ATEME, today announced record results for 2014 in terms of corporate growth, geographic expansion and revenue. ATEME reported increased annual revenues by 24 percent to €25.4 million in 2014 over 2013 total annual sales of €20.6 million.

2014 represents the third year of consecutive growth for the company with an increase of customers in the portfolio, where the largest customer represents 12.6 percent of revenues.

Carlsbad, Calif., February 10, 2015

ViaSat Inc. (NASDAQ: VSAT),  announced strong fiscal year 2015 third quarter financial results that included revenues of US$ 339.6 million and strong Adjusted EBITDA growth of 51% to US$ 85.9 million, up from US$ 56.7 million recorded in the same period last year.

Ottawa, Canada, February 10, 2015

International Datacasting Corporation (TSX:IDC), a technology provider for broadcasters, announced that it is engaged in discussions regarding a potential acquisition of the company's business. The identity of the counterparty and terms of the potential acquisition are subject to a non-disclosure agreement.

Melbourne, Fla., February 6, 2015

 

Harris Corporation (NYSE:HRS) reported revenue in the second quarter of fiscal 2015 of US$ 1.21 billion and income from continuing operations of US$ 140 million, or US$ 1.32 per diluted share. In the prior year, revenue was US$ 1.22 billion and income from continuing operations was US$137 million, or US$ 1.27 per diluted share. Orders in the quarter were US$1.11 billion.

Melbourne, Fl., February 6, 2015

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.

Annapolis, MD, Feb. 5, 2015

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.