Americas Markets - Latest Developments


Madrid, Spain, February 19, 2015

In 2014, Spanish satellite telecommunications operator HISPASAT, secured a total revenue of 202.1 million Euros, which roughly equates to the 201.4 million made in the previous fiscal year.  Intense commercial action has opened the doors to new markets and more than compensated for the shrinking European economy, the fault registered in the Amazonas 4A and the negative impact of exchange rates. 

Washington, D.C., February 18, 2015

Intelsat S.A. (NYSE: I) today reported total revenue of US$ 619.1 million and net income attributable to Intelsat S.A. of US$ 16.2 million, or $0.14 per share on a diluted basis, for the three months ended December 31, 2014. The company reported adjusted net income per diluted common share1 of $0.79 for the three months ended December 31, 2014.

Petah Tikva, Israel – February 18, 2015

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) today reported results for the fourth quarter and year ended December 31, 2014. Revenue for 2014 was US$ 235.1 million compared to US$ 234.9 million in 2013. EBITDA increased by 43% in 2014 to US $23.4 million from US$16.3 million in 2013.

Non-GAAP operating income increased by 200% to US$ 13.1 million in 2014, from US$ 4.4 million in 2013 GAAP operating income was US$ 5.0 million as compared to a loss of US$ 4.1 million in 2013.

Singapore, Feb 16, 2015

Global mobile connections have passed the seven billion mark-a figure akin to the global population[1]. Multi-screen consumption of content has thrown control to the hands of the consumer like never before. Enterprise mobility has become ingrained in consumers' lives and transformed the workplace where employees not only have choice in devices, but applications too. Once thought to be a thing of the future, driverless cars are to become a reality in everyday lives.

London, UK, February 13, 2015

SES S.A. (NYSE Paris:SESG) (LuxX:SESG) hosted a conference on Ultra High Definition (UHD) in London. With a gathering of expert guest speakers, the event’s objective was to exchange views and debate on the current place of UHD in the media industry and its future. This event was also an opportunity for SES to demonstrate a live broadcast of its UHD channel, recently launched at 28.2E.

“UHD needs to be a compelling user experience, taking them from watching a box to being within the scene.”

Isle of Man, February 12, 2015

The Space Data Association (SDA) will be holding its Annual User’s Meeting at the Intelsat Headquarters in Tyson’s Corner, VA on Monday 16th March.
 

Carlsbad, Calif., February 10, 2015

ViaSat Inc. (NASDAQ: VSAT),  announced strong fiscal year 2015 third quarter financial results that included revenues of US$ 339.6 million and strong Adjusted EBITDA growth of 51% to US$ 85.9 million, up from US$ 56.7 million recorded in the same period last year.

Ottawa, Canada, February 10, 2015

International Datacasting Corporation (TSX:IDC), a technology provider for broadcasters, announced that it is engaged in discussions regarding a potential acquisition of the company's business. The identity of the counterparty and terms of the potential acquisition are subject to a non-disclosure agreement.

Melbourne, Fla., February 6, 2015

 

Harris Corporation (NYSE:HRS) reported revenue in the second quarter of fiscal 2015 of US$ 1.21 billion and income from continuing operations of US$ 140 million, or US$ 1.32 per diluted share. In the prior year, revenue was US$ 1.22 billion and income from continuing operations was US$137 million, or US$ 1.27 per diluted share. Orders in the quarter were US$1.11 billion.

Melbourne, Fl., February 6, 2015

Harris Corporation and Exelis today announced a definitive agreement under which Harris will acquire Exelis in a cash and stock transaction valued at US$ 23.75 per share, or an approximately US$ 4.75 billion enterprise value.

The agreement has been unanimously approved by the Boards of Directors of both companies. The transaction is expected to close in June 2015 and is subject to customary closing conditions, including regulatory and Exelis shareholder approval.