Asia-Pacific Markets - Latest Developments


Bangkok, Thailand, August 22, 2019

Today, Thailand's Department of Intellectual Property (DIP), and Ministry of Commerce (MOC) toggehter with the Asia Video Industry Association (AVIA) and TrueVisions hosted the Digital Content Anti-Piracy Summit which was held at the Ministry of Commerce Building in Nonthaburi. The anti-piracy summit was attended by over 130 delegates from government, the content industry and the media.

Cheseaux-sur-Lausanne, Switzerland, Aug. 21, 2019

The Kudelski Group (SIX: KUD.S), a provider of media content protection and value-added service technology, has reported a net loss of US$20.4 million, which included US$13.7 million of restructuring costs, during the first half of 2019.

Cape Canaveral, Florida, August 10, 2019

Coverage of the launch of Spacecom's Amos-17 satellite by Spacex at Cape Canaveral Air Force Station, Florida, August 6, 2019 with Satellite Markets and Research Editor-in-Chief Virgil Labrador.

Hong Kong, Aug. 9, 2019

Asia Satellite Telecommunications Holdings Limited (SEHK: 1135) announced today its revenue dropped 5% to US$88.39 million (HK$693 million) primarily due to non-renewal of certain customer contracts in mid-2018 and the continued pricing pressures from capacity oversupply in some key markets.

Asiasat said first half 2019 profit attributable to owners, however, was up 4% to US$28.44 million (HK$223 million) as a result of cost controls, favorable currency fluctuations, and reduced tax expenses.

Englewood, Colo., Aug. 8, 2019 

Shares of EchoStar Corp. declined 7.3% following the company’s 2Q19 earnings release, reflecting disappointment with the company’s subpar EBITDA performance and one-time charges. Following the decline, shares of EchoStar  are now trading at 4.9x the consensus 2020 EBITDA forecast, which represents a discount to both the stock’s long-term average and its closes peer group competitor Viasat.

Carlsbad, Calif., Aug. 8, 2019

Viasat Inc. (NASDAQ: VSAT), reported strong first quarter fiscal year 2020 performance with a year-over-year revenue increase of 22%, net loss decrease of 66% and Adjusted EBITDA growth of 115% for the fiscal first quarter ended June 30, 2019.

Cheseaux, Switzerland, Aug. 6, 2019

NAGRA, a Kudelski Group (SIX:KUD.S) company and a provider of content protection and multiscreen television solutions, in partnership with MTM, a leading international research and strategy consultancy, today released the key findings of the U.S. edition of the 2019 Pay-TV Innovation Forum.

Palo Alto, Calif., Aug. 5, 2019

Communications & Power Industries LLC (CPI) has entered into an agreement to purchase SATCOM Technologies, the antenna systems business of General Dynamics Mission Systems, Inc., a business unit of General Dynamics.

Nonthaburi, Thailand, Aug. 5, 2019

Satellite operator Thaicom Public Company Limited (THCOM),announced its financial results for the second quarter ended 30 June 2019. Thaicom reported a decrease in net profit compared to the previous quarter and the same quarter of last year due to the recognition of several extra expenses.

Thaicom reported revenue from sales and services for Q2/2019 of US$39.5 million (THB 1,217 million) — down by 18.6% from Q2/2018 and down by 6.6% from Q1/2019 — as a result of reduced satellite utilization and special price adjustment for a major customer.

Luxembourg, August 1, 2019

Satellite operator Intelsat S.A. (NYSE: I), reported total revenue of US $ 509.4 million for the three months ended June 30, 2019. But it also posted a net loss of US$ 529.7 million because of a US$ 381.6 million asset impairment charge incurred in the second quarter of 2019 for the total loss of Intelsat 29e satellite in April this year.

This translates to a quarterly loss of $1.05 per share and compares to loss of $0.38 per share a year ago. Yahoo Finance says the quarterly report represents an earnings surprise of -10.53%.