Asia-Pacific Markets - Latest Developments
SES S.A. (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) has agreed to increase its interest in O3b Networks (O3b) to 50.5% and, in doing so, will take a controlling share in the company. The transaction is subject to regulatory approvals which are expected to be completed during H2 2016.
Intelsat S.A. (NYSE: I) powered by its satellite backbone, today announced financial results for the three months ended March 31, 2016.Intelsat reported total revenues of US$ 552.6 million for the three months ended March 31, 2016. Net income attributable to Intelsat was US$ 15.3 million, or US$ 0.13 per share on a diluted basis for the three months ended March 31, 2016. The company reported that adjusted net income per diluted common share was $0.31 for the same period.
Iridium Communications Inc.
Telesat Holdings Inc. today announced its financial results for the three month period ended March 31, 2016. Telesat reported consolidated revenues of CDN$ 235 million, an increase of approximately 3% (CDN $6 million) compared to the same period in 2015.
SintecMedia, a provider of broadcast management software announced that SintecMedia’s management team and Francisco Partners, a global technology-focused private equity firm, have acquired SintecMedia from its existing shareholders, including Riverwood Capital.
CASBAA, Asia’s largest non-profit media association serving the multi-channel audio-visual content creation and distribution industry, today announced the venue and dates for its upcoming 2016 Convention. The 2016 convention will be held in Macau from November 7-10, 2016.
ORBCOMM Inc. (Nasdaq: ORBC), a provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has entered into a definitive agreement to acquire Skygistics (PTY) Ltd. and its South African and Australian subsidiaries. Based outside of Johannesburg, South Africa, Skygistics provides a broad range of satellite and cellular connectivity options as well as telematics solutions centered around the management of remote and mobile assets to more than 250 telematics and enterprise customers.
NAB Show will host 60+ international delegations this year from every continent, including first-time delegations from Afghanistan, Democratic Republic of the Congo, Cuba, Saudi Arabia and Zimbabwe. Nearly 26 percent of the event’s more than 100,000 attendees will travel from 160+ countries to NAB Show, held April 16-21 in Las Vegas.
Russia's space agency Roscosmos has found a buyer for Sea Launch, the agency's director Igor Komarov said in a report by the TASS news agency.
“I cannot tell you who the investor is, or the value of the contract, due to certain obligations. I hope that we will have something to say about it by the end of April,” Komarov said. He did, however, say that investors from the U.S., Australia, China and Europe have expressed interest in the project.
Released today, NSR’s Satellite Manufacturing and Launch Services, 6th Edition report identifies non-GEO markets as the leading growth opportunities for manufacturing and launch in the next ten years, with expected cumulative revenue generation exceeding $175 billion of the $285 billion total market.
