News Analysis

Gilat Reports Growth in Q3 2019

Petah Tikva, Israel, November 19, 2019 – Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) today reported its results for the third quarter ended September 30, 2019. GAAP Operating Income Increases 43.1% sequentially; Adjusted EBITDA reaches double digits totaling US $10.1 million.

Telesat Reports Increased Revenues but Post Net Loss for the 3Q 2019

Ottawa, Canada, November 5, 2019 - Telesat today announced its financial results for the three and nine-month periods ended September 30, 2019. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted. For the quarter ended September 30, 2019, Telesat reported consolidated revenue of $237 million, an increase of 4% ($10 million) compared to the same period in 2018.

Satellite, 5G, Cyber Security for a ‘Global Digital Ecosystem’

London, UK, November 4, 2019--Last month I spoke at an event for information technology security professionals in Riga, Latvia.  The theme of my presentation was a little off the mainstream of topics addressed during the several tracks of the program – unsurprisingly heavily focused on cyber security, but also covering the continuing evolution of 5G, the upcoming generation of terrestrial mobile broadband communications. 

The November-December 2019 issue of the Satellite Executive Briefing magazine

The November-December 2019 issue of  the Satellite Executive Briefing magazine focusing on the African Satellite Market  sponsored by Comtech EF Data is now available.  Featuring:

A New Star over Africa by Virgil Labrador

Unlocking Africa's Intelligence  by Lou Zacharilla

Satellite, 5G and Cybersecurity for a Global Digital Ecosystem by Martin Jarrold

Linking Budgets, Linking Networks, Linking Capacities by Alvaro Sanchez

VIVACOM: A Teleport with a View to the Future by Virgil Labrador

Show Reports:  8th CSA-ISS Conference on Advanced Satellite Technologies, Shanghai, China and Satellite Innovation 2019, Mountain View, California

Product and Services MarketPlace Guide to Africacom 2019

PLUS Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more. Click here to read or download the file

Eutelsat Reports Revenues Down in 1Q 2019

Paris, France, October 30, 2019–Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2019. First Quarter revenues of the Operating Verticals of €316.5 million, down 6.2% like-for-like , (ie, at constant currency and perimeter).

Thaicom Reports Loss of US$ 3.75 million in Q3 2019

Nonthaburi, Thailand, October 30, 2019–Satellite operator Thaicom Public Company Limited (THCOM), announced its financial results for the third quarter ending September 30, 2019. THCOM reported revenue from sales and services for Q3/2019 of THB 1,188 million (approximately US$ 39.37 million), down by 2.3% from Q2/2019 due mainly to the churn of broadband customers. However, the utilization and revenue of broadcast services increased 1.2% QoQ from new sales.

Intelsat Posts Third Quarter Net Loss of US$ 148.3 million

Luxembourg, October 29, 2019- Satelite operator Intelsat S.A. (NYSE: I), today announced financial results for the three and nine months ended September 30, 2019. Intelsat reported total revenue of US$ 506.7 million and net loss attributable to Intelsat S.A. of US$ 148.3 million for the three months ended September 30, 2019.

Iridium Reports Net Loss of US$ 18.0 million in 3Q 2019

McLean, Va., Oct. 29, 2019 --Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the third quarter of 2019 and updated its full-year 2019 outlook.  Net loss was $18.0 million, or $0.14 per diluted share, for the third quarter of 2019, as compared to net loss of $12.9 million, or $0.13 per diluted share, for the third quarter of 2018.  This increase in net loss was primarily the result of a $12.4 million increase in depreciation and amortization expense compared to the year-ago period.  Operational EBITDA ("OEBITDA")(1) for the third quarter was $88.5 million, as compared to $79.4 million for the prior-year period, representing a year-over-year increase of 11% and an OEBITDA margin(1) of 61%.  OEBITDA primarily benefitted from higher government service revenue and strong growth in commercial IoT and hosted payload.

EchoStar Acquires Helios Wire

Englewood, Colo., October 25, 2019 - EchoStar Corporation today announced that its subsidiary, EchoStar Global. has acquired Helios Wire, a satellite-enabled IoT connectivity company headquartered in Vancouver, Canada. The acquisition includes Helios' Australian subsidiaries Sirion Holdings and Sirion Global.

SES Year to Date Results in Line with Expectations

Betzdorf, Luxembourg, October 25, 2019-- SES S.A. today announced its financial results for the nine months ended 30 September 2019 with financial performance continuing to be in line with SES’ expectations; sequential growth in quarterly revenue and EBITDA and financial outlook unchanged. SES reported revenue of EUR 1,451.9 million, down 3.9% at constant FX.