News Analysis

RigNet Announces First Quarter 2016 Earnings Results

Houston, Tex., May 9, 2016--RigNet, Inc. (NASDAQ:RNET), a provider of digital technology solutions focusing on serving energy facilities, maritime vessels and other global remote locations, today reported quarterly results for the quarter ended March 31, 2016. Quarterly revenues was US$ 62.3 million representing an increase of US$ 10.2 million compared to the prior quarter and a decrease of US$ 15.3 million compared to the prior year quarter.

Spacex Successfully Launches JCSAT -14 Satellite

Cape Canaveral, Fla., May 6, 2016—Spacex’ Falcon 9 rocket successfully launched JCSAT-14, a commercial communications satellite for SKY Perfect JSAT Corporation, to a Geostationary Transfer Orbit (GTO) earlier today at Cape Canaveral Air Force Station, Florida. Friday's mission began at 1:21 a.m. EDT (GMT-4) and delivered the satellite into its orbit after a 32-minute flight.

 

The May 2016 issue of the Satellite Executive Briefing magazine

The May 2016  issue of  the  Satellite Executive Briefing magazine  sponsored by Comtech EF Data  is now available.  Featuring:

Trends in the Japanese Satellite Market by Naoakira Kamiya

Better Satellite World Series:  Free at last-via Satellite

It's Getting Better All the Time..Really! by Robert Bell

Case Study: Providing On-Board Broadcast Equipment for the Volvo Ocean Race  

From Digital Oilfields to Digital Flight by Martin Jarrold

plus Mergers and AcquisitionsMarket Briefs, Executive Moves, Product and Services MarketPlace Guide to CommunicAsia 2016  and many more.  Click here to read or download the file

SES Takes Controlling Stake in O3B

Betzdorf, Luxembourg, May 2, 2016--SES S.A. (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) has agreed to increase its interest in O3b Networks (O3b) to 50.5% and, in doing so, will take a controlling share in the company. The transaction is subject to regulatory approvals which are expected to be completed during H2 2016.

Intelsat Reports First Quarter 2016 Results

Tysons Corner, Va,  April 28, 2016--Intelsat S.A. (NYSE: I) powered by its satellite backbone, today announced financial results for the three months ended March 31, 2016.Intelsat reported total revenues of US$ 552.6 million for the three months ended March 31, 2016. Net income attributable to Intelsat  was US$ 15.3 million, or US$ 0.13 per share on a diluted basis for the three months ended March 31, 2016. The company reported that adjusted net income per diluted common share was $0.31 for the same period.

Iridium Announces First-Quarter 2016 Results; Company Affirms 2016 and Long-Range Outlook

Mclean, VA., April 28, 2016--Iridium Communications Inc. (Nasdaq:IRDM) today reported financial results for the first quarter of 2016 and affirmed its full-year 2016 and long-range outlook. Net income was US$ 28.5 million, or US$ 0.23 per diluted share, for the first quarter of 2016, as compared to US$ 21.0 million, or US$ 0.17 per diluted share, for the first quarter of 2015.  Operational EBITDA ("OEBITDA") for the first quarter was US$ 60.7 million, as compared to US$ 52.5 million for the prior-year period, representing a year-over-year increase of 16% and an OEBITDA margin of 58%. OEBITDA grew primarily due to higher government service revenue and increased sales of subscriber equipment, as well as to lower manufacturing costs on certain product lines.

Telesat Reports Slight Revenue Increase in 1st Quarter 2016

Ottawa, Canada April 28, 2016-Telesat Holdings Inc.  today announced its financial results for the three month period ended March 31, 2016. Telesat reported consolidated revenues of CDN$ 235 million, an increase of approximately 3% (CDN $6  million) compared to the same period in 2015.

SintecMedia Management and Francisco Partners Acquire SintecMedia

London, UK, April 27, 2016–SintecMedia, a provider of broadcast management software announced that SintecMedia’s management team and Francisco Partners, a global technology-focused private equity firm, have acquired SintecMedia from its existing shareholders, including Riverwood Capital.

C-COM Reports 10% Revenue Increase in First Quarter 2016

Ottawa, Canada, April 19, 2016-- C-COM Satellite Systems Inc. (TSXV: CMI), a global provider of mobile auto-deploying satellite antenna systems, announced today financial results for its first quarter ended February 29, 2016. The company has generated revenues of US$ 2,433,713 and a net after tax profit of US$ 308,547 or 1 cent per share. This compared to revenues of US$ 2,201,578 and a net after tax profit of US$ 376,431 or 1 cent per share as reported in Q1 2015, representing an increase of 10.5% and a decrease of 18.0% respectively.

ORBCOMM to Acquire Skygistics (PTY) Ltd.

Rochelle Park, NJ, April 12, 2016--ORBCOMM Inc. (Nasdaq: ORBC), a provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has entered into a definitive agreement to acquire Skygistics (PTY) Ltd. and its South African and Australian subsidiaries. Based outside of Johannesburg, South Africa, Skygistics provides a broad range of satellite and cellular connectivity options as well as telematics solutions centered around the management of remote and mobile assets to more than 250 telematics and enterprise customers.