Americas Markets - Latest Developments
C-COM Satellite Systems Inc. announced today that it has entered into a strategic partnership with Vislink, a United Kingdom based secure communication technology provider.
Vislink will promote, market, sell and support the C-COM manufactured range of iNetVu® products, which would complement Vislink's existing product range and allow it to expand into new vertical markets including oil & gas; mining; police, fire, emergency and disaster management.
Kohlberg Kravis Roberts & Co. L.P., a global investment firm, today announced the signing of a definitive agreement under which funds advised or controlled by KKR are acquiring a significant minority stake in RigNet from Cubera, an investment firm specializing in the Nordic private equity market.
Upon closing of the acquisition of 4.75 million shares, which is subject to customary approvals, KKR will become RigNet’s largest shareholder, holding a 27% stake in the company.
Rockwell Collins, Inc. is acquiring ARINC Inc., a communications engineering and information processing solutions company, for US$ 1.39 billion.
The transaction is seen to bring together two leading players in the growing field of aviation information management, combining ARINC’s trusted networks and services with the industry leading avionics and cabin technologies developed by Rockwell Collins, especially with the rapid “digitization” of airline communications.
Gilat Satellite Networks Ltd. today announced that it has entered into a definitive agreement to sell its Spacenet Inc. subsidiary to Tulsa, Oklahoma-based SageNet. The aggregate consideration for the sale is approximately US $16 million, subject to certain post-closing adjustments and expenses.
This year's edition of Globecomm's Tech Forum 2013 focused on "Profiting on Disruptive Change" and examined new revenue opportunities, enhanced efficiencies, and reduced OPEX in mobile, media and entertainment, and the technologies that drive disruptive technologies. The Tech Forum was held from August 4-6, 2013 at Globecomm Headquarters in Hauppauge, New York, USA.
WEST 2014 continues to take shape and is on track to be an outstanding success. Since WEST is the largest Sea Services event on the West Coast- with a focus on the Pacific region, a priority region for the DoD, significant participation from the Navy, and other services in the San Diego area is expected.
Confirmed Speakers include:
Orbcomm Inc. reported on Wednesday better second quarter 2013 revenues rising 13.7 percent over prior year to $18.6 million resulting in net income of US$ 1.7 million or $0.04 per share, better than the analyst estimate of US$ 0.02.
ViaSat Inc. posted a record 33 percent increase in revenue to US$ 321.1 million for first quarter fiscal 2014, narrowing its loss to US$ 1.8 million or $0.04 per share, from a loss of $14.4 million or $0.33 per share from the same period last year.
Dish Network Corp. reported today second-quarter loss as the company was hit by large impairment charges and pay-TV subscriber additions slowed. Former unit EchoStar Corp. also swung to a loss.
Dish posted revenue of US$ 3.61 billion for the quarter ending June 30, 2013, compared to US$ 3.57 billion for the corresponding period in 2012. Subscriber-related revenue increased 4.9 percent to US$ 3.46 billion from US$ 3.30 billion in the year-ago period.
Inmarsat plc. has reported slightly higher revenues and profits in the first half of the year, fuelled by strong growth in demand for broadband communications on ships and aircraft. Inmarsat reported first half 2013 revenues of US$635.2 million, up 1 percent than the US$629.6 million during the same period last year. Its adjusted EBITDA was US$327.2 million for the first half of the year versus $332.1 million last year while profit before tax was US$185.5 million against US$222.8 million last year.
