Americas Markets - Latest Developments
An important project involving satellite operator Eutelsat and regional ISP Caribsat to bridge the digital divide in the French West Indies and French Guiana will make use of Newtec’s Sat3Play® VSAT Broadband Platform.
Satellite operator O3b today moves a step closer to service launch for its customers with the formal opening of its Gateway (satellite ground station) in preparation for its launch and service commencement in 2014. The facility was formally opened by the President of Peru, Ollanta Humala, at a ceremony attended by O3b CEO Steve Collar on Monday, 25 November at 11.00, local time.
nforma Telecoms & Media, has published new research reporting that telecom network transformation is necessary for operators to remain profitable and provide value for their subscribers.
The telecoms market is experiencing an evolution like no other: Voice revenues are eroding; Web-based and Over-the-Top (OTT) services are cannibalizing the operators’ own services; while total profits in the value chain are dropping. Operators need new ways to counter this erosion and new paradigms to follow in order to remain relevant in the fast-paced, user-driven telecoms market.
At an awards ceremony held on the first day of the SATCON Conference and Exhibition in New York City, the Second Annual Vision Awards announced winners in three categories: David Hershberg, Founder and CEO of Globecomm Systems won the Visionary Executive of the Year; Advantech Wireless’ SapphireBluTM series High Power Amplifiers won the Innovative Product of the Year and satellite operator Arabsat won the Most Promising Company of the Year.
Satellite operations and video delivery solutions provider EchoStar Corp. reported higher revenues for the quarter ended September 30, 2013 but higher expenses caused a drop in its net income for the period.
Satellite and wireless networking systems provider ViaSat Inc. has reported a turnaround to profit in the second quarter fiscal 2014 after recording double-digit revenue increases across all business segments and notable gains in its defense, Internet and commercial satellite equipment businesses.
ViaSat said revenue increased 25 percent compared to the same period last year to a record $353.9 million. Adjusted EBITDA also hit record levels and grew 22 percent year-over-year to US$ 54.4 million for the second quarter.
Orbcomm Inc. said on Thursday total revenues increased 22.4% year-over year to US$ 19.7 million during the third quarter ending September 30, 2013, while service revenues increased 8.3% over the prior year period to US$13.8 million.
Product sales also rose 75% to $5.9 million driven by an increase in organic sales at the company’s Japanese subsidiary and from the company’s new acquisitions. Revenues in Japan, however, were impacted by a less favorable U.S.$/Yen exchange rate this year compared to last year.
Inmarsat plc reported today a drop in its revenues for the three months ended 30 September 2013 to US$ 306.9 million compared to $325 million during the same period last year. Inmarsat Global MSS revenues, however, grew slightly by 0.5% to US$ 187.6 million during the quarter compared to US$ 186.7 million during the same period last year. But Inmarsat Solutions revenues also dropped by 8.5% to US$ 188.3 million during the quarter from US$ 205.9 million during the same quarter last year.
DirecTV increased its third quarter 2013 revenues by 6% to US$ 7.88 billion, operating profit before depreciation and amortization (OPBDA) by 15% to US$ 1.93 billion, operating profit by 15% to US$ 1.23 billion, and earnings per share by 42% to US$ 1.28 exceeding financial analysts’ expectations.
PSSI Global Services LLC (PSSI), a leader in satellite transmission and event management, has acquired New England Satellite (NES). The deal closed on November 1, 2013. Financial details of the acquisition were not revealed.
