Gilat Satellite Networks Ltd. today announced that it has entered into a definitive agreement to sell its Spacenet Inc.  subsidiary to Tulsa, Oklahoma-based SageNet. The aggregate consideration for the sale is approximately US $16 million, subject to certain post-closing adjustments and expenses.

This year's edition of Globecomm's Tech Forum 2013 focused on "Profiting on Disruptive Change" and examined new revenue opportunities, enhanced efficiencies, and reduced OPEX in mobile, media and entertainment, and the technologies that drive disruptive technologies.  The Tech Forum was held from August 4-6, 2013 at Globecomm Headquarters in Hauppauge, New York, USA.

Singapore Telecommunications Ltd. has decided not to sell its Optus Satellite division after reportedly failing to get an offer more than US$ 1.8 billion that the company was targeting.

In a statement, SingTel said that after a strategic review of its Optus Satellite business in March this year, the company is now committed to growing and investing in the satellite business.

Optus is the only telecommunication company to own and operate a fleet of satellites in Australia and has been providing premium satellite services across Australia and New Zealand for over 25 years.

Gilat Satellite Networks Ltd. reported on Wednesday lower revenues for the second quarter of 2013 at US$ 80.2 million, compared to US$ 82.8 million in the first quarter of 2013 and $85.3 in the second quarter of 2012.

WEST 2014 continues to take shape and is on track to be an outstanding success. Since WEST is the largest Sea Services event on the West Coast- with a focus on the Pacific region, a priority region for the DoD, significant participation from the Navy, and other services in the San Diego area is expected.

Confirmed Speakers include:

Orbcomm Inc. reported on Wednesday better second quarter 2013 revenues rising 13.7 percent over prior year to $18.6 million resulting in net income of US$ 1.7 million or $0.04 per share, better than the analyst estimate of US$ 0.02.

ViaSat Inc. posted a record 33 percent increase  in revenue to US$ 321.1 million for first quarter fiscal 2014, narrowing its loss to US$ 1.8 million or $0.04 per share, from a loss of $14.4 million or $0.33 per share from the same period last year.

Dish Network Corp. reported today second-quarter loss as the company was hit by large impairment charges and pay-TV subscriber additions slowed. Former unit EchoStar Corp. also swung to a loss.

Dish posted revenue of US$ 3.61 billion for the quarter ending June 30, 2013, compared to US$ 3.57 billion for the corresponding period in 2012. Subscriber-related revenue increased 4.9 percent to US$ 3.46 billion from US$ 3.30 billion in the year-ago period.

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.