Asia-Pacific Markets - Latest Developments
SpeedCast International Limited today announced it has signed a definitive agreement for the acquisition of NewCom International a satellite communications service provider specializing in the South and Central American regions. The acquisition opens a new growth frontier for SpeedCast in a region where satellite is widely used and SpeedCast did not have a direct presence. The acquisition will strengthen SpeedCast’s capabilities to serve and support its customers globally, including in the important and growing South American market.
The Internet of Things (IoT) trend will add US$1.7 trillion in value to the global economy by 2019, according to a Business Insider Intelligence report – which is exactly why the upcoming CommunicAsia2016 and EnterpriseIT2016 – held from May 31 to June 3, 2016 at Marina Bay Sands, Singapore – will showcase the latest and most innovative of connectivity and mobility technologies.
Harmonic (NASDAQ: HLIT), today announced it has signed a binding offer to acquire Thomson Video Networks (TVN). Under the terms of the offer which is in the form of a "put" option agreement, subject to the selling shareholders exercising the put option following a consultation process with TVN's employee works council in France, Harmonic would acquire all of TVN for approximately $75 million in cash plus up to $15 million in post-closing adjustments.
At an awards ceremony held on the first day of the SATCON Conference and Exhibition in New York City, the Fourth Annual Vision Awards announced winners in three categories: David Myers, President and CEO of Datapath won the Visionary Executive of the Year; ScheduAll’s Portal won the Innovative Product of the Year and Crystal won the Promising Company of the Year.
Comtech Telecommunications Corp. (NASDAQ:CMTL) today reported its operating results for the three months ended October 31, 2015. Net sales for the three months ended October 31, 2015 were $64.1 million compared to $76.4 million for the three months ended October 31, 2014.
ITU Telecom World 2015 closed its doors yesterday at Hungexpo, Budapest following an exceptional week of dialogue, debate, networking and showcasing. The event, which welcomed over 4,000 participants from 129 countries this week, brought together an impressive line-up of top-level government representatives, leaders of industry – from established players to SMEs (small and medium enterprises) and young start-ups, from emerging and developed markets – along with high-level representatives of international organizations, entrepreneurs, accelerators, incubators and academia.
Top officials and leading experts representing the entire space sector, including space agencies, satellite manufacturers, suppliers and service providers, will illuminate the future of an industry with global revenues exceeding US$ 330 billion at Space Tech Expo Europe in Bremen next month.
Two concurrent free-to-attend forums, each extending over the whole three days of the exhibition and featuring more than 80 speakers, will examine every facet of the space industry, its evolving technology and the commercial opportunities it offers.
Doors opened today in Budapest for ITU Telecom World 2015, the global ICT innovation event for SMEs, corporates and governments. The event kicked off with a spectacular Opening Ceremony, in the presence of H.E Viktor Orbán, Prime Minister of Hungary, ITU Secretary-General, Houlin Zhao, and a host of other distinguished high-level participants spanning government, industry and representatives of many global SMEs and start-ups.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT),, today announced it is streamlining its organization to better benefit from significant growth opportunities in the market.
ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has entered into a definitive agreement to acquire substantially all the assets of WAM Technologies LLC (WAM), an affiliate of Mark-It Services, Inc.
