Global Markets - Latest Developments


Doha, Qatar, March 20, 2014

Qatar satellite company Es’hailSat, today announced that a Request for Proposals (RFP) has been issued for the design and manufacture of the company’s second satellite, Es’hail 2. The new satellite will be positioned at the 26 degrees East hotspot position for TV broadcasting will add to the company’s ability to provide high quality, premium DTH television content across the Middle East and North Africa.

Hong Kong, China, March 20, 2014

Asia Satellite Telecommunications Holdings Limited reported that turnover was down 16% and profits attributed to shareholders  down 4% for the year ended 31 December 2013 from the previous year. Turnover from continuing operations in 2013 was HK$1,498,631,000 (approximately US$ 194,822,000) and profits attributed to shareholders was HK$747,520,000.  

Las Vegas, Nev. March 20, 2014

The NAB Show will host 62 international delegations, including delegations attending for the first time from Germany, the Netherlands, Panama, Paraguay, Italy and Serbia. Approximately 30 percent of the event's 90,000+ attendees will travel from 155 countries to NAB Show, held April 5-10 in Las Vegas. NAB Show is the world's largest annual conference and expo for professionals who create, manage and distribute entertainment across all platforms.

London, UK, March 19, 2014

Vislink plc  today announced that it has completed the acquisition of Pebble Beach Systems for a total consideration of £14.9 million (approximately US$ 24.8 million), comprising £12.9 million payable in cash and £2.0 million represented by the issue of 4,700,904 new Vislink ordinary shares at a price of 42.545 pence per share, being the average mid-market closing price of Vislink's shares for the last 25 business days before, but not including, the day of completion.

New York City, March 18, 2014

Harris Broadcast has announced plans to split into two, under the new brands of Imagine Communications and GatesAir. Imagine Communications will be headquartered in Dallas, with Centers of Excellence in Denver, Toronto, Los Angeles, Tel Aviv and Beijing.  Harris Broadcast made the announcement at its inaugural MediaDay held at Madison Square Garden in New York City.

Dubai, UAE, March 18, 2014 

Dubai, United Arab Emirates, will host the ITU World Telecommunication Development Conference, 30 March – 10 April 2014. The Conference will focus on development priorities and strategies for growth in telecommunications and information and communication technologies (ICT), while highlighting the theme: Broadband for Sustainable Development. 

This is of vital interest to the future growth of ICTs, especially in emerging and developing economies, and wherever new business opportunities open up to the rapidly growing ICT industry.

Melbourne, Fla., March 14, 2014

Thales signed a binding agreement to acquire LiveTV, JetBlue’s fully-owned subsidiary for a total of US$ 400 million dollars. The sale which is subject to regulatory and other approvals is expected to be completed in mid-2014.

Ottawa, Canada, March 12, 2014

C-COM Satellite Systems Inc.  a global provider of mobile auto-deploying satellite antenna systems, announced today that  for the fiscal year ended November 30, 2013 revenues have increased by 16.4% to CDN $15,573,798 and the company generated a net after tax profit of CDN $3,473,371 or 10 cents per share, This represents an increase of 30.3% from last year, when total revenues were CDN $13,385,324 and there was a net after tax profit of $2,665,491 or 8 cents per share.

C-COM recorded an income tax provision of CDN$1,392,340 in fiscal 2013, versus CDN$1,045,400 in fiscal 2012.

Rochelle Park, NJ, March 12, 2014

ORBCOMM Inc. a provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of Euroscan Holdings, B.V, a supplier of refrigerated transportation temperature compliance recording systems. Based in the Netherlands, Euroscan’s integrated turn-key systems are used worldwide to ensure the safe and secure transportation of food and pharmaceuticals by monitoring and assuring temperature compliance throughout the supply chain.

Singapore, March 12, 2014

The Internet is ever-progressing, expanding beyond PCs and mobile devices into enterprise assets such as field equipment and consumer items. For a truly connected city to happen, it has to adopt The Internet of Things (IoT) to transform how both an emerging or developed city delivers services and how business and people interact with one another. This can be done using advanced technologies and solutions that are not just reliable but also deliver high productivity.