Asia-Pacific Markets - Latest Developments
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that it has entered into a definitive merger agreement to be acquired by Advent International (“Advent”), one of the largest and most experienced global private equity investors, in an all-cash transaction that values Maxar at an enterprise value of approximately US$ 6.4 billion. Advent is headquartered in the United States and has a demonstrable track record as a responsible owner of defense and security businesses. Following the close of the transaction, Maxar will remain a U.S.-controlled and operated company.
NAB Show is launching a new awards program to recognize individuals, companies and products for outstanding innovations in media technology that promote conservation and reusability of natural resources and foster economic and social development. The NAB Show Excellence in Sustainability Awards will be presented during a special ceremony on the Main Stage at NAB Show on April 16, 2023 in Las Vegas.
The SATELLITE Conference and Exhibition is pleased to announce this year’s Tuesday and Wednesday Opening General Session keynote speakers. Tuesday’s Opening General Session will feature Dave Limp, Senior Vice President of Devices & Services at Amazon, and Wednesday’s Opening General Session will feature Steve Collar, CEO of SES.
Boeing [NYSE: BA] today announced a series of executive leadership changes and reorganizations aimed at accelerating operational discipline, first-time quality and performance while streamlining senior leadership roles and responsibilities.
Following the issuance by the employee representative bodies of their opinion on the proposed combination between Eutelsat Communications and OneWeb announced on 26 July 2022, the Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) has approved the transaction.
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Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) today reported its results for the third quarter ended September 30, 2022. The company reported revenues of US$ 60.4 million, up 21% year-over-year, GAAP operating income of US$ 3.4 million versus US $0.8 million in Q3 last year, and adjusted EBITDA of US$ 7.3 million, up 88% year-over-year "
Telesat (NASDAQ and TSX: TSAT) today announced its financial results for the three and nine-month periods ended September 30, 2022. For the quarter ended September 30, 2022, Telesat reported consolidated revenue of CDN$ 180 million, a decrease of 6% ($12 million) compared to the same period in 2021. When adjusted for changes in foreign exchange rates, revenue declined 8% ($16 million) compared to 2021. The revenue decrease was primarily due to a reduction on renewal of a long-term agreement with a North American DTH customer and, to a lesser extent, revenue from short-term services provided to another satellite operator in 2021 that did not recur in 2022.
The annual marquee event of the Asian video industry, the Asia Video Summit, returned in full swing, hosting over 300 delegates in person and online as a hybrid conference, amidst a time of immense innovation and disruption in the video industry.
The International Telecommunications Union (ITU) Plenipotentiary Conference 2022 (PP- 22) was held from 26 September to 14 October 2022 in Bucharest, Romania. It was hosted in the actual Parliament House--a palace built by former Romanian President Nikolai Ceausescu. The Parliament House is bigger then the Pentagon and decorated like Versailles, a very comfortable venue. Over 3000 delegates from 183 of ITU’s 193 Member States, international organizations and private sector representatives gathered for three weeks to elect ITU’s top executives and bring consensus on the role of ITU in the future global ICT digital inclusive society and to ensure that the benefits of digital technology reaches out everywhere in order to help achieve the UN’s Sustainable Development Goals for 2030.
