Asia-Pacific Markets - Latest Developments
Intelsat S.A. (OTC: INTEQ), today reported total revenues of US$ 489.4 million and net loss attributable to Intelsat S.A. of US$ 15.9 million for the three months ended September 30, 2020. Intelsat reported EBITDA, or earnings before net interest, gain on early extinguishment of debt, taxes and depreciation and amortization, of US$ 266.7 million and Adjusted EBITDA of US$ 332.9 million, or 68% of revenue, for the three months ended September 30, 2020.
Spacecom (Tel Aviv Stock Exchange: SCC), the Israeli communication satellite provider and operator of the AMOS satellite fleet,announced it will be participating for the first time at the virtual CABSAT 2020 from November 10th-12th. CABSAT is a leading exhibition, focused on the latest innovations in satellite communication, broadcast, media and the entire content industry. Following the “Abraham Accord” peace agreement, Spacecom is now joining the event and showcase its satellite services and satellite-based solutions.
The Asia Video Industry Association (AVIA) will be hosting the Asia Video Summit this year from 10-12 November with several firsts under its belt. With the pandemic abating in Singapore and Hong Kong, AVIA will be hosting a live conference at both locations, allowing a small group of participants to experience the conference live and network with fellow delegates.
The October 2020 issue of the Satellite Executive Briefing magazine focusing on Satellite Mobility Market sponsored by Advantech Wireless is now available. Featuring:
Whither the Satellite Mobility Market? by Virgil Labrador
Case Study: Managing an Outside Broadcast Fleet
Executive Spotlight: Hans Massart, Head-Broadcast and Media, ST Engineering iDirect
Leaning Into Risk by Lou Zacharilla
Digitization, "Actionable Intelligence" and a Global Digital Ecosystem by Martin Jarrold
Company Spotlight: Revgo Global
PLUS Product and Services Spotlight, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more. Click here to read or download the file
Following a two-year partnership, which has delivered NBN Co's Business Satellite Services to businesses across Australia, Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDQ) has today announced it has sold selected functions of its wholly-owned subsidiary and dedicated entity, Speedcast Managed Services, to Australian government-owned infrastructure provider, NBN Co.
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2020. The company reported Operating Verticals revenues of €307 million, down 1.9% like-for-like and total revenues down 0.7%. Backlog of €4.4bn, up 3% year-on-year.
SАTCOMRUS 2020, the 25th anniversary international conference of operators and users of Russia’s satellite communication networks, took place online on October 8, 2020. The event was held with the support of the Ministry of Digital Development, Communications and Mass Media of the Russian Federation, the Federal Communications Agency and the Roscosmos State Corporation. Over 400 specialists from Russia, Great Britain, USA, Canada, Israel, Italy, France, Indonesia, Nigeria, India, Azerbaijan took part in the digital conference.
Iridium Communications Inc. (Nasdaq: IRDM)today reported financial results for the third quarter of 2020 and updated its full-year 2020 outlook. Net loss was US$ 4.0 million, or $0.03 per diluted share, for the third quarter of 2020, as compared to net loss of US$ 18.0 million, or US$ 0.14 per diluted share, for the third quarter of 2019. This decrease in net loss was primarily the result of lower net interest expenses related to the refinancing of Iridium's credit facility and high-yield notes from the year ago period.
C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF), a provider of mobile auto-deploying satellite antenna systems, announced today its financial results for the third quarter ended August 31, 2020. C-COM generated revenues of CDN $1,773,918 and net after tax income of CDN $210,856 or 1 cent per share. This compared with revenues of CDN $1,453,446 and a net after tax loss of CDN $346,290 or -1 cent per share for Q3, 2019 - representing increases of 22% and 161% respectively.
The Satellite Mobility market consists of three key verticals: the aeronautical/in-flight; maritime and land mobile communications on the move (COTM) markets. Of those three markets that cover the air, sea and land, two of those verticals are probably the hardest hit sectors of the satellite industry by the ongoing global COVID-19 pandemic.
