Global Markets - Latest Developments
Comtech Telecommunications Corp. (Nasdaq:CMTL) announced that its Board of Directors has completed a review of strategic alternatives today with the assistance of its financial advisor, Citibank, its legal counsel, Proskauer Rose, and its special counsel, Morris, Nichols, Arsht & Tunnell. After considering various strategic alternatives to enhance shareholder value, including a possible merger or sale of the company, the Board has determined that the interests of the company and its shareholders will be best served by the company remaining independent.
The World Teleport Association (WTA) published its annual rankings for the Top Teleport Operators of 2014. The annual rankings of companies by revenue and revenue growth are compiled by surveying teleport operators around the world as well as referencing the published results of publicly-held companies.
The debates and conversations which started this year in Doha, Qatar, are set to continue in Europe next year, as ITU announced today that its upcoming ITU Telecom World 2015 event will take place 12-15 October in Budapest, Hungary.
Spanish satellite telecommunications operator, HISPASAT, has contracted Space Systems Loral (SSL) to build the Amazonas 5 satellite, which will provide a wide range of telecommunications services in Latin America. This new satellite constitutes an expansion of the Amazonas 4B project, to which the full capacity of the Amazonas 4A was added.
Alliant Techsystems Inc. (“ATK”) (NYSE: ATK) and Orbital Sciences Corporation (“Orbital”) (NYSE: ORB) announced that the U.S. Department of Justice (“DOJ”) has unconditionally cleared the proposed merger of ATK’s Aerospace and Defense Groups with Orbital.
CMMB Vision Holdings Ltd.announce that it has entered into the Share Purchase Agreement with Mr. Yu Yueh-Lung for the acquisition of 5% equity interest in Soaring Idea Holdings Limited and an option to purchase an additional 46% equity interest in Soaring within 6 months at a consideration of US$2,000,000 and US$4,000,000 respectively.
Azercosmos OJC, national satellite operator of Azerbaijan, signed a strategic cooperation agreement with France's Airbus Defence and Space to take over the rights to operate and commercialize the SPOT 7 high resolution optical Earth observation satellite, which was successfully launched on June 30, 2014. The satellite will be renamed as Azersky.
Video interviews with key industry executives from Oilcomm 2014 in Houston, Texas including JR Barallon, CEO, Proactive Energy; David Kagan, President, ITC Global and David Sikorski, Sales Director, Energy Markets, Noarth America of SES.
The second International GS Summit of leading experts in telecommunications held November 18-19, 2014 in St. Petersburg, Russia, discussed content monetization trends.Over one hundred delegates from France, Great Britain, Finland, Russia, Cambodia, China, India, Pakistan and other countries participated in the event organized by the GS Group, an investment and industry holding company.
The demand for high throughput military satcom applications is growing as the use of unmanned aerial systems and implementation of command, control, communications, computers, intelligence, surveillance and reconnaissance of C4ISR systems increase. High throughput satcom applications can support imagery streaming and seamless connectivity across tactical and strategic networks – capabilities which have become vital in the military space.
