Gilat Satellite Networks Ltd.  today reported its results for the second quarter ended June 30, 2014.Revenues for the second quarter increased to US$ 54.1 million compared to US$ 50.9 million in the first quarter of 2014.

Non-GAAP operating income was US$ 1.5 million, compared to operating income of $0.5 million in the first quarter of 2014. GAAP operating loss was $0.5 million compared to a loss of US$ 1.5 million in the first quarter of 2014

Gilat reaffirms 2014 objectives for annual revenues of $240-$245 million and EBITDA margin levels of approximately 9%

Telstra, one of the largest telecommunications and information services companies in the world, and Ooyala, a leader in video streaming and analytics, today announced they have reached a definitive agreement for Telstra to acquire Ooyala. The US$ 270 million investment increases Telstra's ownership in Ooyala from 23 per cent (fully diluted) to 98 per cent and is in addition to the US$61 million previously invested in Ooyala over the past two years. 

Intelsat S.A. today reported total revenue of US$ 615.7 million and net income attributable to Intelsat S.A. of US$ 66.8 million, or $0.53 per common share on a diluted basis, for the three months ended June 30, 2014.  The company reported adjusted net income per diluted common share1 of $0.76 for the quarter.

Intelsat S.A. reported EBITDA, or earnings before net interest, taxes and depreciation and amortization, of US$ 485.5 million, or 79 percent of revenue, and Adjusted EBITDA of US$ 490.4 million, or 80 percent of revenue, for the three months ended June 30, 2014.

ITU today announced a call for innovations, a global hunt for the innovators, makers or entrepreneurs who are using technologies such as 3D printing or advanced robotics, or working within fields such as bio-mimicry, which uses technological innovations to imitate nature in order to solve problems – those who can make a real difference in a rapidly evolving and changing world. The call was launched in conjunction with innovation partner Ars Electronica. Selected innovations will be showcased at the upcoming ITU Telecom World 2014 in Doha this December.

ABS has expanded its presence in Johannesburg, South Africa and formed a new Sales liaison office to support its growing business in the Africa continent.

This new office will house the sales and technical members of the Africa team, which will work alongside the regional Middle East office based in Dubai. ABS Africa will be responsible for business development, local sales liaison services and customer support throughout this region, according to the company.

CommunicAsia2014, EnterpriseIT2014 and BroadcastAsia2014, Asia’s most established ICT, broadcast and digital multimedia trade events,  took attendees on a revolutionary journey with the most hi-tech technologies that will power the future in a smarter and more connected living environment, while also providing a glimpse into the latest state-of-the-art solutions in digital entertainment.

GS Group shared insights on how to successfully conduct business in Southeast Asian markets at a  round table on  "Modern Industrial and Technology Policies in Asia: challenges and opportunities for Russia” organized by the Center for Strategic Research “North-West.” Sharaf Kochkarov Representative for foreign relations, Foreign Broadcasting Projects Department, GS Group, unveiled the successful experience of GS Group entering pay-TV market of the Southeast Asia and establishing broadcasting projects there.

IBC  announced that this year’s IBC Leaders’ Summit will be held on Thursday, September 11, 2014. An exclusive and invitation-only event curated specifically for 150 of the most  influential and visionary people at the top of the industry, the IBC Leaders’ Summit is  now in its fourth successful year. Industry leaders from all over the world fly to  Amsterdam to take part in its sessions which mirror and distill the agenda of the  mainstream IBC Conference into a single day of high-powered, top-level  discussions. 

ABS and Arab Satellite Communication Organization (ARABSAT) announced today that they have signed a strategic commercial agreement for a multi-transponder lifetime Ku-band payload on the new ABS-3A satellite planned for launch in late 2014/ early2015.  This Ku-band payload deal will provide ARABSAT with additional growth opportunities to serve their customers over the Middle East and North Africa regions.

According to Euroconsult's newly released executive report, Government Space Programs: Strategic Outlook, Benchmarks & Forecasts, government funding for space is expected to progressively recover as public finances regain their comfort zone and programs enter a new growth cycle. Following a critical period of cyclical low funding which concluded in a budget decrease in 2013 worldwide, moderate growth is expected moving forward which should bring world spending to $82 billion by 2023.