Global Markets - Latest Developments
Inmarsat plc. has reported slightly higher revenues and profits in the first half of the year, fuelled by strong growth in demand for broadband communications on ships and aircraft. Inmarsat reported first half 2013 revenues of US$635.2 million, up 1 percent than the US$629.6 million during the same period last year. Its adjusted EBITDA was US$327.2 million for the first half of the year versus $332.1 million last year while profit before tax was US$185.5 million against US$222.8 million last year.
Over the years IBC has made substantial investment in its feature areas, ensuring that its 50,000+ visitors from 160 countries gain as much understanding as they can about the new technologies that are changing the landscape of the electronic media and entertainment industry.
Intelsat S.A. reported a slight rise in revenue to US$ 653.8 million but posted a net loss of US$ 408.3 million, or US$ 4.19 per share, for the three months ended June 30, 2013. The loss, however, included US$ 366.8 million for pre-tax charges related to early extinguishment of debt resulting from debt paydowns resulting from the company’s April 2013 initial public offering and debt refinancing activity in the second quarter.
DirecTV announced an increase in second quarter 2013 revenues by 7 percent to US$ 7.7 billion but the pay-TV company suffered a decline in its net profit to US$ 660 million.
The company said operating profit before depreciation and amortization (OPBDA) rose 4 percent to US$ 2.08 billion while operating profit declined by 4 percent to $1.35 billion. It also reported higher earnings per share of 8 percent to US$ 1.18 compared to last year's second quarter.
Telesat Holdings Inc.’s two new satellites – the Nimiq 6 and Anik G1 – have led to higher revenues of CDN$ 216 million (US$208.65 million) for the three months ending June 30, 2013, the company said on Thursday. The revenue growth contributed to a net income of CDN$ 15 million (US$14.49 million) for the quarter, reversing a loss of Ca$244 million (US$235.70 million) the firm recorded a year ago.
RigNet, Inc., aprovider of managed remote communications solutions to the oil and gas industry, today announced a strategic deal with Inmarsat plc involving the sale of Inmarsat's Energy Broadband business to RigNet and the appointment of RigNet to become a key distribution partner to deliver Inmarsat's Global Xpress ("GX") and L-band services to the energy sector worldwide.
Asia Broadcast Satellite (ABS) announced today the confirmation of the build of ABS-2A, a multi-beam 48 transponder Ku- satellite which will be launched in the fourth quarter of 2015 to ABS’ prime 75°E location. ABS-2A, covering the growing markets of Russia, India, Middle East, Africa, South East Asia and the Indian Ocean region, will follow ABS-2, the largest satellite to be launched over Asia scheduled in late 2013.
Eutelsat announced it has reached an agreement to acquire 100% of Satélites Mexicanos, S.A. de C.V. ("Satmex") for an enterprise value of US$1,142 million. This acquisition, together with the recently ordered EUTELSAT 65 West A satellite, will position the group as a major satellite operator in Latin America, reflecting its strategy to expand in high growth markets.
The GVF-EMP Conference Partnership have announced details of the next programs in their Oil & Gas Communications Conference Series and High Throughput Satellite Roundtable Series, programs which reflect some latest developments in oil and gas industry communications requirements, and in the technological and service delivery capabilities of the world’s leading satellite operators and networking solutions providers.
The Director and Co-founder of the Space Portal at NASA Ames Research Centre, Dr. Daniel Rasky, will be speaking at the International Space Commerce 2013 Summit to be held on 29th-30th October in London. Alan Brunstrom, the Head of Applications in the Business Office which aims to promote integrated applications at the European Space Agency (ESA) will also be part of the speaking faculty for the ISC2013 Summit and will speak about ESA's applications development programs.
