Americas Markets - Latest Developments
Comtech Telecommunications Corp.'s fourth-quarter earnings fell 35 percent after posting sales declines throughout its operations, most notably in its mobile data communications segment. Comtech said net sales dropped to $84.4 million for the fourth quarter and $319.8 million for full year of fiscal 2013 ended July 31, 2013, compared to $112.8 million and $425.1 million for the same periods in fiscal 2012.
The ability to deliver high quality, high definition video streams across home area networks to devices using multiple formats and multiple screen sizes is crucial to the success of content and service providers. Pay-TV providers, particularly cable providers looking to avoid becoming simply a "dumb" pipe, are increasingly implementing plans to provide content to consumers via multiple types of devices within and outside of the home, according to MRG.
ORBCOMM Inc., a provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of Comtech Mobile Datacom Corporation’s (Comtech) Sensor Enabled Notification System (SENS) operation, which includes satellite hardware, network technology and web platforms. SENS is a market leader in providing one-way satellite products and services to more than 20,000 subscribers worldwide.
The Satellite Interference Reduction Group (IRG) will be tackling a number of important issues at its annual conference, which this year takes place in Rio de Janeiro from 16th - 18th October and is being sponsored by Intelsat, Kratos, Newtec, and SatMex.
Vivendi and EchoStar Corp. announced today that EchoStar Technologies LLC and Vivendi subsidiary GVT have entered into negotiations to form a joint venture for pay TV services in Brazil.
The International Telecommunication Union (ITU), the specialized agency of the United Nations for information and communication technology (ICT), announced today that the State of Qatar has been selected as host country for ITU Telecom World 2014, following a competitive selection process among bidding ITU Member States.
Given the fast changing configuration of the satellite-cable TV market, is the merger of DirecTV and its chief rival Dish Network now appropriate and sensible? The answer is a clear “yes” from both companies.
Mike White, DirecTV’s chairman and CEO, told the Goldman Sachs Communacopia media conference this week that consolidation between the USA’s two giant DTH players would benefit the consumer and yet still be competitive. He was quoted in an earlier forum saying while it might take a lot of work to do a deal he’d “never say never.”
Emerging Markets Communications (EMC), a satellite and terrestrial communications solution provider and satcom technology manufacturer, has acquired STM and its affiliate entities Global IP and Vodanet Brasil.
Financial details of the transaction were not disclosed.
Globecomm Systems Inc. has reported a drop in its revenue to US$ 80.6 million during the fiscal 2013 fourth quarter, compared to US$ 104.8 million in the same period last year, as the company completed a major government project in January 2013.
The decrease in revenue, equivalent to 23.1 percent, resulted in the reduction of net income to $4.6 million, or $0.20 of diluted net income per common share, compared to net income of $7.1 million, or $0.31 net income per common share in the same period last year.
Quintech Electronics & Communications is acquiring 100 percent of all shares of DEV Systemtechnik GmbH & Co. KG. Quintech, headquartered in Indiana, PA, supplies RF signal routing equipment for over 24 years. Quintech’s product line includes matrix switches, routers, splitters, combiners, amplifiers, and LNB power supplies.
DEV Systemtechnik, headquartered in Friedberg, Germany, produces RF and RF over fiber signal routing equipment, including the Optribution product line.
