Global Markets - Latest Developments
SES reported 2013 revenues of EUR 1.862 billion (approximately US$ 2.59 billion), an increase of 3.4% at constant foreign exchange rates (FX) over the prior year period; 5.9% when excluding the EUR 42.6 million of analogue revenue recorded in 2012. � 2013 EBITDA was EUR 1.364 billion, an increase of 2.8% at constant FX over the prior year; 6.2% when excluding analogue revenue.
EchoStar Corporation today reported total revenue of US$ 808 million for the quarter ended December 31, 2013 compared to US$ 786 million for the corresponding period in 2012. Total revenue for the fiscal year ending December 31, 2013 was US $3.282 billion compared to US $3.122 billion for the corresponding period in 2012.
Airbus Defence and Space (formerly Astrium) has won a contract with SES for the design and construction of the latest addition to its fleet, the SES-10 satellite which will be covering the Americas. The new satellite will be based on the Eurostar E3000 platform and will be equipped with a dual chemical and electrical propulsion system.
DIRECTV today reported that fourth quarter 2013 revenues increased 7% to US$ 8.59 billion, operating profit before depreciation and amortization (OPBDA) increased 6% to US$ 2.04 billion and operating profit increased 3% to US$1.33 billion compared to last year's fourth quarter. DIRECTV reported that fourth quarter net income declined to and diluted earnings per share decreased to $1.53 compared with the same period last year.
Intelsat S.A. today reported total revenue of US$ 642.8 million and net income attributable to Intelsat S.A. of US$ 72.6 million, or $0.62 per share on a diluted basis, for the three months ended December 31, 2013. The company reported adjusted diluted net income per common share of $0.84 for the three months ended December 31, 2013.
With the ever increasing demand for mobile broadband anytime, anywhere, the explosive growth of Over-the-Top (OTT) content has accelerated rapidly with a staggering 352.4 million people expected to pay for access to OTT programming by 2016[1]. As Asian consumers continue to demand easily-accessible entertainment, OTT services such as pay TV are increasingly becoming a necessity in the region with revenues expected to grow to US$43.9 billion by 2018, according to a research report[2].
Orbital Sciences Corporation completed today the first of eight CygnusTM operational cargo logistics spacecraft missions to the International Space Station (ISS) as part of the company’s US$ 1.9 billion Commercial Resupply Services (CRS) contract with NASA. The Cygnus spacecraft unberthed from the ISS yesterday morning at 6:41 a.m. (EST), completing a 37-day stay at the orbiting laboratory. Today, Cygnus reentered Earth’s atmosphere over the Pacific Ocean east of New Zealand at approximately 1:20 p.m. (EST).
Federal Communications Commission (FCC) Chairman Tom Wheeler will provide the “FCC Keynote” at the 2014 NAB Show in Las Vegas, the National Association of Broadcasters (NAB) announced today. The address, which will be held Tuesday, April 8, 9:00-10:00 a.m., is expected to provide insight into the Chairman’s views on broadcasting and what his expectations are on the regulatory front in the coming years.
Aireon LLC, the developer of the world's first space-based global air traffic surveillance system, announced today that it has closed the previously announced investment transaction with three new investors and major Air Navigation Service Providers (ANSPs): ENAV (Italy), the Irish Aviation Authority (IAA), and Naviair (Denmark), and has received their first tranche investment totaling US$ 50 million.
Gilat Satellite Networks Ltd. today reported its results for the fourth quarter and year ended December 31, 2013. Revenue for 2013 was US$ 234.9 million with EBITDA of US$ 16.3 million. Gilat reported strong backlog of US$ 228 million at the end of 2013 more than doubled as compared to US$98.9 million at the end of 2012.
Net cash increased to US $50.9 million as compared to US$ 18.7 million at the end of 2012.
