New York, NY, July 10, 2013--The increase in digital distribution and the continued shift to mobile devices for the delivery of all communications and content, is helping drive revenues for media and telecom companies, according to a recent poll of industry
executives by KPMG.
Ottawa, Canada, July 9, 2013--C-COM Satellite Systems Inc., a provider of mobile auto-deploying satellite antenna systems, today announced financial results for its second quarter ending May 31, 2013. The company is reporting a net profit of CDN $ 966,997 or 2.8 cents per share compared with results for the same period last year when there was a net profit of CDN $ 542,251, or 1.6 cent per share.
Redmond, Wash., July 9, 2013-- Start-up company Kymeta Corporation announced today that it has successfully closed a US$ 50 million Series C financing to accelerate the company’s growth plans. Kymeta, a privately held technology company, designs and manufactures satellite communication antennas and systems. Existing Kymeta investors including Bill Gates, Lux Capital and Liberty Global were joined in the financing by Osage University Partners and The Kresge Foundation.
New York, New York, July 9, 2013--Sirius XM Radio today announced that it added 715,000 net new subscribers in the second quarter, bringing its total subscribers to more than 25 million. Strong automotive sales helped drive 15% growth in net additions over the second quarter of 2012 and set a post-merger record for quarterly net subscriber additions. The company also announced that it was raising full-year guidance for total net subscriber additions to 1.5 million from its previous guidance of 1.4 million.
El Segundo, Calif., July 8, 2013 -- Three top pay-TV companies have emerged as the remaining serious contenders for online video service Hulu in a bidding completed on July 5 according to media reports.
Amman, Jordan, July 8, 2013--New research from the Arab Advisors Group analyzes and compares the social media presence of 40 Free-to-Air (FTA) satellite channels in the Arab World. By mid-June 2013, news and current affairs channels BBC World, Al Arabiya and Al Jazeera English took the lead in the number of Twitter followers, while MBC Group had the highest number of YouTube subscribers on its channel.
Stockholm, Sweden, July 2, 2013--Ericsson announced its intention to acquire Red Bee Media, a leading media services company headquartered in the UK, from an entity controlled by Macquarie Advanced Investment Partners, L.P.
Ottawa, Canada, July 2, 2013 — Nav Canada has invested an additional US$40 million in Aireon LLC, a joint venture with Iridium Communications Inc., increasing its ownership of Aireon to 18.7 percent on a fully diluted basis.
Amsterdam, The Netherlands, July 1, 2013--Globecomm Systems Inc. announced today that Globecomm Europe BV has become the official new entity of Carrier-to-Carrier Telecom BV and BV Mach 6, two Dutch communications services companies that have joined forces through today’s merger.