Americas Markets - Latest Developments
Intelsat S.A. (NYSE: I) reported today total revenues of US$ 528.4 million and net loss of US$ 120.6 million for the three months ended March 31, 2019.
Intelsat said EBITDA, or earnings before net interest, gain on early extinguishment of debt, taxes and depreciation and amortization, ofUS $ 372.8 million and Adjusted EBITDA of US$ 380.3 million, or 72 percent of revenue, for the quarter. Free cash flow from operations was US$ 24 million.
Iridium Communications Inc. (Nasdaq: IRDM) has reported a net loss of US$ 18.0 million, or $0.18 per diluted share, for the first quarter of 2019, as compared to net income of US$ 11.5 million, or $0.07 per diluted share, for the first quarter of 2018.
C-COM Satellite Systems Inc. (TSXV: CMI), a global provider of mobile auto-deploying satellite antenna systems, said today the company generated revenues of US$2.192 million (Ca$2,948,252) and a net after tax profit of US$315,589.36 (Ca$424,404) or US$0.0074 (1 Canadian cent) per share during the first quarter ended February 28, 2019.
C-COM said this compared with revenues of US$1.35 million (Ca$1,816,142) and a net after tax profit of US$12,538.12 (Ca$16,862) or 0 cents per share as reported in 2018, representing an increase of 62% and 2,417% respectively.
Speedcast International (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDF) revenue grew 21% to US$623.1 million, including US$7.5 million contribution from two acquisitions completed in 2018 and the full year impact of acquisitions completed in 2017.
The Ministerial Round Table at 10th World Summit on the Information Society (WSIS) Forum, held from April 8-12, 2019, emphasized the importance of the WSIS Action Lines – on which many national digital agendas were built – as a key United Nations framework for progress on the United Nations Sustainable Development Goals (SDGs). Round Table participants also highlighted the need for sharing of scarce resources, as well as strengthening collaboration to build confidence and security in the use of technology for good and digital skills so more people can benefit.
The CABSAT 2019 conference, held in Dubai in March, brought together a wide variety of players from the satellite communications industry, namely satellite operators, service providers, broadcasters, and others. As one of the world’s premier satellite broadcast conferences, CABSAT has historically been just that — a predominantly satellite broadcast conference.
The GVF-EMP Partnership has announced preliminary details of speakers for the next event in the partnership’s portfolio of market vertical focused satellite communications programmes – Oilfield Connectivity 2019: The Next Generation Digital Oilfield.
Taking place in the principal hub of Europe’s offshore oil industry, the City of Aberdeen, the programme will examine latest developments in the communications technologies, services and applications that are mission critical for the exploration and production connectivity ecosystem.
MarketBriefs Report on the Latin American Satellite Market sponsored by RSCC
To read or download this report click here.
Arianespace has orbited the final four latest satellites in the first phase of SES’s O3b constellation. The launch took place on Thursday, April 4, at 2:03 pm (local time) from the Guiana Space Center (CSG), Europe’s Spaceport in French Guiana (South America).
Calian Group has acquired SatService, a solid player in the European satellite ground systems market, for euro €4.5 million or US$ 5.05 million.
