Global Markets - Latest Developments
Globalstar, Inc. today announced its financial results for the three-month and twelve-month periods ended December 31, 2013. Highlights include significant increases in total revenue; increases in Duplex metrics such as subscriber additions, service revenue and ARPU; and a substantial increase in adjusted EBITDA.
Ross Video has acquired Automated Data Systems (ADS) of La Crosse, Wisconsin, USA. ADS is known for innovative, feature packed and easy to use solutions for data delivery, automation and broadcast production requirements – their main product line being EZNews.
CET Teleport is merging with the Limeline Group and all of the companies in the two organizations are to be rebranded under the "Onlime Group." The expanded business will have offices in Germany, UK, India, Sierra Leone, Angola, DR Congo, South Africa and UAE, with several more in the pipeline.
Eutelsat Communications announces that Satelites Mexicanos (Satmex), which Eutalsat purchased in January this year has been renamed Eutelsat Americas. Headquartered in Mexico City and satellite control facilities in Hermosillo and Mexico City, Eutelsat Americas will be part of a worldwide satellite group it will enable a broad portfolio of video, data, telco and broadband clients to benefit from Eutelsat’s global presence, services, technologies and expertise as well as access to its existing and future satellites, according to Eutelsat.
Arab Satellite Communication Organization (Arabsat) and Telesat Canada (Telesat) have signed a strategic commercial agreement under which Telesat will utilize a lifetime Ku-band payload on a the new satellite Hellas-sat-4. The new satellite’s RFP is going to the market in March as part of Arabsat’s RFP for its 6th generation satellites. The RFP will incorporate the design and manufacture of four new satellites.
Comtech Telecommunications Corp.today reported net sales for the second quarter of fiscal 2014 of US $85.5 million compared to US$ 74.6 million for the second quarter of fiscal 2013. The period-over-period increase reflects higher sales in the Company's telecommunications transmission and RF microwave amplifiers segments, partially offset by lower sales in its mobile data communications segment.
Inmarsat plc today reported consolidated preliminary financial results for the year ended 31 December 31, 2013.
Inmarsat reported Adjusted total revenues of US$ 1,249.6m (2012: $1,277.6m) and Adjusted EBITDA of US$ 639.8m (2012: $642.8m).
Total Inmarsat Global MSS revenue was US$ 762.4m up 3.3% (2012: $738.0m). Profit before tax US$ 189.1m (2012: $293.6m). Adjusted profit before tax was US$ 365.3m up 8.6% (2012: $336.4m) . The company giave a dividend of 28.82 US cents up 5% from 2012.
An astronaut holding the world’s record for the most spacewalks during a single mission, a private company planning to reach mars, aerospace industry titans alongside startup ventures, key military and NASA space officials, and thousands of engineers and executives are all planning to visit the Long Beach Convention Center April 1-3, 2014 for what is shaping up to be the biggest commercial space confab ever to hit the Los Angeles region,
CABSAT, the leading professional content management event in the Middle East, Africa and South Asia (MEASA), will debut the cutting-edge Content Delivery Hub – a dedicated platform for multiscreen digital entertainment solutions, turn-key content sourcing, management and marketing of content – during the event’s 20th anniversary celebrations at Dubai World Trade Centre (DWTC) next week.
HISPASAT, the Spanish satellite operator, reported 201.4 million euros in revenues in 2013, a increase of 0.57% from 2012. Excluding the adverse exchange rate effect, this increase would have been 4.35%, mainly due to the increased sales results from markets outside of Spain.
The Latin American market accounted for 55.6% of revenues per space capacity (+2.4% from 2012), while Europe and North Africa represented 44.4% (-2.2% from 2012). In 2008, before the economic crisis, these percentages were 31.5% and 68.5%, respectively.
