Global Markets - Latest Developments
C-COM Satellite Systems Inc., a provider of mobile auto-deploying satellite antenna systems, announced financial results for the fiscal year ended November 30, 2011. "We have closed our fiscal 2011 with the largest increase in the company's history in both sales and operating profits over the same period last year" said Leslie Klein, President and CEO of C-COM Satellite Systems Inc.
Despite a nearly US$7 billion multichannel TV market, only 60% of India’s vast population owns a television. The CASBAA India Forum 2012: Beyond Digital, staged on 20 March 2012 at the Shangri-La Hotel, New Delhi, will examine important issues affecting multichannel TV in India.
Comtech Telecommunications Corp. reported its operating results for the three and six months ended January 31, 2012. Net sales for the second quarter of fiscal 2012 were $99.1 million compared to $162.8 million for the second quarter of fiscal 2011. The period-over-period decrease is due to lower net sales, as expected, most notably in the mompany's mobile data communications segment.
GAAP net income was $5.8 million, or $0.27 per diluted share, for the second quarter of fiscal 2012 compared to $16.1 million, or $0.52 per diluted share, for the second quarter of fiscal 2011.
Iridium Communications Inc reported solid financial results for the fourth quarter of 2011 and issued its outlook for the full-year 2012. Net income was $8.4 million, or $0.11 per diluted share, for the fourth quarter of 2011, as compared to $10.1 million, or $0.14 per diluted share, for the fourth quarter of 2010. Operational EBITDA for the fourth quarter was $44.3 million, as compared to $42.3 million for the prior-year period, representing year-over-year growth of 5 percent and an OEBITDA margin(1) of 47 percent.
After more than four years of discussion, debate and deliberation in February of this year the Australian government’s NBN Co. Ltd.
Oil & Gas Communications Brazil 2012: ‘21st Century Digital Oilfield & Gasfield Imperatives Onshore, Offshore, and in Deepwater’ (O&GC Brazil 2012) brings the GVF & EMP Oil & Gas Communications Series to its 14th international event on 25th & 26th April in Rio de Janeiro.
The Latin American satellite market continues to grow in terms of applications such as Direct-to-Home (DTH), HDTV, Cellular Backhaul & Trunking, and government programs aimed at bridging the Digital Divide. International satellite operators such as SES and Intelsat are forced to review their strategy and are bringing more capacity to serve the region in the next 5 years to be better positioned for relevant growth in transponder capacity and to be able to meet the growing demands of the market.
There are those still working today who can remember where there was no competition in the satellite business, when it was completely dominated by treaty organizations or state-owned companies beholden to national governments and bound by monopoly regulations. There are still wide swathes of the planet where monopoly conditions rule but the international market now contains a multitude of companies large and small, operating in space and on the ground, who compete fiercely for government, media, telecommunications, maritime and other business.
Indonesia’s pay-TV market is taking off, speakers told a capacity crowd of delegates at CASBAA’s Indonesia in View: Growing Pay TV forum, held in Jakarta on February 29th. With more than 2 million paying subscribers at the beginning of 2012, a host of new distribution platforms coming online, and strong economic fundamentals, Indonesia is looking to become one of Asia’s fast-growth TV success stories.
Satellite operator Intelsat S.A. reported revenue of US $652.9 million and a net loss of $3.5 million for the three months ended December 31, 2011. The company also reported Intelsat S.A. EBITDAi, or earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortization, of $495.5 million, and Intelsat S.A. Adjusted EBITDAi of $514.6 million, or 79 percent of revenue, for the three months ended December 31, 2011.
