Global Markets - Latest Developments


Douglas, Isle of Man, August 27, 2014

The Global VSAT Forum (GVF) and the Satellite Interference Reduction Group (IRG) announced they will be jointly hosting a series of sessions, courtesy of SES, at IBC. These sessions are aimed at all those involved with Satellite Transmissions, RF Systems, Uplinking and Satellite News Gathering. With the theme, Safeguarding Your Transmission Operation, these sessions will offer practical advice to broadcasters, operators, and manufacturers alike.

Melville, NY, August 25, 2014

Comtech Telecommunications Corp. (Nasdaq:CMTL) today confirmed that it is exploring strategic alternatives to enhance shareholder value, including a possible merger or sale of the company.

The company regularly considers a broad range of strategic alternatives with the goal of maximizing shareholder value. The company has not set a definitive timetable for completion of its evaluation and it does not intend to discuss or disclose further information regarding the status of its evaluation unless required by law, according to a statement.

Hong Kong, 21 August 21, 2014

Asia Satellite Telecommunications Holdings Limited (AsiaSat) today announced its 2014 interim results for the six months ended June 30, 2014. 1st half 2014 revenues was  HK$ 694 million, down 10% compared to the same period last year primarily due to a July 2013 agreement with a major customer which resulted in a significant extension of the contract.

Amsterdam, the Netherlands, August 21, 2014

IBC Content Everywhere is a new series of global events that acknowledge that IP-connected smartphones, tablets and personal computers are altering the way that we produce and consume media. The events will cover rich media production, devices, apps, digital marketing, social media, content personalisation, big data, cloud services, second screens, investment and much more. And they are truly global, the initial three events spanning Europe, MENA and LATAM, with the latter two taking place in Dubai in January 2015 and Sao Paulo later the same year.

Scottsdale, Ariz., August 20, 2014

The 2nd quarter 2014 showed about a 5% growth in set-top box revenues from a key set of major OEMs according to ABI Research. Most manufacturers saw similar sales, with ARRIS a clear winner, growing about 60% year-over-year to US$ 711 million (pro-forma based on the combined ARRIS-Motorola from the start of 2013). Cisco, however, was a clear loser, falling 30% to US$ 332 million, while Humax saw substantial revenue growth of 30%.

Petah Tikva, Israel, August 13, 2014

Gilat Satellite Networks Ltd.  today reported its results for the second quarter ended June 30, 2014.Revenues for the second quarter increased to US$ 54.1 million compared to US$ 50.9 million in the first quarter of 2014.

Non-GAAP operating income was US$ 1.5 million, compared to operating income of $0.5 million in the first quarter of 2014. GAAP operating loss was $0.5 million compared to a loss of US$ 1.5 million in the first quarter of 2014

Gilat reaffirms 2014 objectives for annual revenues of $240-$245 million and EBITDA margin levels of approximately 9%

Carlsbad, Calif., August 12, 2014

ViaSat Inc., announced its fiscal year 2015 first quarter financial results, which included revenues of US$ 319.5 million and a new Adjusted EBITDA record of US$ 60.2 million, up 14% from US$ 52.7 million recorded in the same period last year.

Sydney, Australia, August 11, 2014

Telstra, one of the largest telecommunications and information services companies in the world, and Ooyala, a leader in video streaming and analytics, today announced they have reached a definitive agreement for Telstra to acquire Ooyala. The US$ 270 million investment increases Telstra's ownership in Ooyala from 23 per cent (fully diluted) to 98 per cent and is in addition to the US$61 million previously invested in Ooyala over the past two years. 

Rochelle Park, N.J., August 7, 2014

For the second quarter of 2014, Machine-to-Machine communications provider ORBCOMM reported  total revenues were up 30.9% year-over-year to US$ 24.3 million.  Service Revenues were up 10.2% to US$ 14.9 million over the prior year. Second quarter 2014 Product Sales of US$ 9.4 million were 86.4% higher than prior year. 

Adjusted EBITDA for the second quarter of 2014 was US$ 5.1 million and was up 23.8% over the  prior year period. ORBCOMM’s basic EPS is $0.03 for the second quarter of 2014 compared to  $0.04 for the comparable period last year. 

Sao Paulo, Brazil, August 7, 2014

The National Association of Broadcasters (NAB) will produce four sessions at the SET Expo in São Paulo, Brazil, August 24-25. The sessions will address topics ranging from sports production, 4K video, media management in the cloud, and producing content for multiple devices.

NAB's participation in SET is part of the NAB Show Collaborative, an initiative to support the advancement of the global broadcast, media and entertainment communities.