Asia-Pacific Markets - Latest Developments
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.
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$222.8 million last year.
Intelsat S.A. reported a slight rise in revenue to US$ 653.8 million but posted a net loss of US$ 408.3 million, or US$ 4.19 per share, for the three months ended June 30, 2013. The loss, however, included US$ 366.8 million for pre-tax charges related to early extinguishment of debt resulting from debt paydowns resulting from the company’s April 2013 initial public offering and debt refinancing activity in the second quarter.
Asia Broadcast Satellite (ABS) announced today the confirmation of the build of ABS-2A, a multi-beam 48 transponder Ku- satellite which will be launched in the fourth quarter of 2015 to ABS’ prime 75°E location. ABS-2A, covering the growing markets of Russia, India, Middle East, Africa, South East Asia and the Indian Ocean region, will follow ABS-2, the largest satellite to be launched over Asia scheduled in late 2013.
The GVF-EMP Conference Partnership have announced details of the next programs in their Oil & Gas Communications Conference Series and High Throughput Satellite Roundtable Series, programs which reflect some latest developments in oil and gas industry communications requirements, and in the technological and service delivery capabilities of the world’s leading satellite operators and networking solutions providers.
Hughes Network Systems announced today that it has achieved carrier data rates exceeding 1 Gbps on its JUPITER System. Hughes believes this achievement to be a technology first for High Throughput Satellite (HTS) systems, resulting in more subscribers per satellite and greater capacity per subscriber.
As part of its comprehensive national development strategy, China in 2003, outlined its ten-year space goals. Some of its more important space goals include — an Earth observation system, an independently operated satellite broadcasting and telecommunications system, upgraded overall capacity of launch vehicles, a manned spaceflight, and a complete R&D and test system for manned space projects.
SpeedCast has successfully closed a US$ 55 million Senior Secured Credit Facility. The proceeds of the credit facility was used to finance SpeedCast’s acquisition of a 100% effective interest in Pactel International and refinanced existing indebtedness held by TA Associates, SpeedCast’s controlling shareholder.
CommunicAsia2013, EnterpriseIT2013 and BroadcastAsia2013 closed June 21 after a week of fulfilling business interactions and knowledge exchange amongst like-minded industry professionals. The fourday event, held from 18 to 21 June at the Marina Bay Sands, saw more than 51,000 attendees from 100 countries/regions throng the exhibition halls and conference suites.
CASBAA’s annual Satellite Industry Forum took place on Monday, June 17 at the Shangri-La Hotel in Singapore, attracting over 200 delegates, speakers, media, and guests from across the region and around the world. Long a staple in the industry calendar, this year’s forum explored “An Industry in Transition” with keynotes and panel discussions with satellite experts and leaders representing all facets of the industry.
