Global Markets - Latest Developments


Rochelle Park, NJ, November 4, 2013

ORBCOMM Inc. a global provider of Machine-to-Machine (M2M) solutions, and Inmarsat, a provider of global mobile satellite communications services, today announced a strategic alliance to collaborate on joint product development and distribution to address the needs of the rapidly growing satellite M2M market. In addition, they will investigate opportunities for future satellite network expansion and integration.

Paris, France, November 4, 2013

According to Euroconsult's recently published research report, Satellites to be Built & Launched by 2022, World Market Survey , 115 satellites will be launched on average each year worldwide over the next 10 years (2013-2022). As several commercial and government constellations will be launched into low earth orbit (LEO) in the coming years, up to 140 satellites per year are expected between 2015 and 2017, decelerating to 100 units afterwards.

Annapolis, Md., Nov. 1, 2013

TeleCommunication Systems, Inc. (TCS), a leader in highly reliable and secure mobile communication technology, reported on Thursday revenue of $96 million, up 3 percent from $92.8 million in the previous quarter but down 31 percent from $140.1 million in the third quarter of 2012. 

Washington, D.C., November 1, 2013

Intelsat S.A.  reported on revenues of US$ 651.8 million and net income of $87.8 million, or $0.75 per share, for the three months ended September 30, 2013.  But the company admitted that its Q3 revenues was badly hit by the slowdown in military and other US Defense Department spending on satellite bandwidth, and warned of even lower revenues ahead from cuts in U.S. government spending.

Typically, Intelsat generates around 19 percent of its annual revenues from sales to government agencies and the military.

Singapore, November 1, 2013

CommunicAsia2014, Asia's largest and most comprehensive business networking event for the global ICT industry returns to Marina Bay Sands Singapore from 17 to 20 June 2014. Featuring a myriad of the latest products, technologies and solutions, this trade show is hailed by industry as the most relevant platform for networking, product sourcing and knowledge gathering opportunities.

Longmont, CO, Oct. 31, 2013

Global provider of high-resolution earth imagery solutions, DigitalGlobe, Inc., reported  third quarter 2013 revenue of US$ 164.8 million, a 54 percent increase compared with the same period last year. Despite the big rise in revenue, the company reported a net loss of $1.8 million and a net loss available to common shareholders of US$ 2.8 million.

Mclean, Va., Oct. 31, 2013

Iridium Communications Inc. reported net income of US$ 16.6 million and third-quarter total revenue of $100.6 million, beating analysts’ expectations after the company’s commercial service revenue grew 9 percent.

Ottawa, Canada, October 31, 2013

Telesat Holdings Inc.  announced its financial results for the three and nine month periods ended 
September 30, 2013.   For the quarter ended September 30, 2013, Telesat reported consolidated  revenues of CDN$ 238 million, an increase of approximately 8% (CDN $18 million)  compared to the same period in 2012. Revenue growth was principally the result  of revenue earned on the Anik G1 satellite, which entered into commercial  service in May 2013, and the provision of short-term satellite services to another 
satellite service provider.

Paris, France, Oct. 29, 2013

Fuelled by an increase in data and value-added services, Eutelsat Communications reported on Tuesday revenues of €323.5 (US$444.74 million) for the first quarter ended Sept. 30 2013, up 2.9% from first quarter 2012.

The company also reported a backlog of €5.4 billion (US$7.42 billion), up 3.9 % year-on-year, assuring Eutelsat of reaching its current year and three year targets.

Michel de Rosen, Eutelsat Chairman and CEO, said Eutelsat delivered first quarter 2013-2014 revenues in line with objectives.

Denver, Colorado, Oct. 28, 2013

In an effort to balance its books after its spending spree on European cable assets, Liberty Global plc announced today the sale of all its international content division Chellomedia to AMC Networks Inc. for US$1.035 billion.