EMEA Markets - Latest Developments
The names of the jury members of the HISPASAT 4K International Short Film Festival have just been announced.
Eutelsat Communications (NYSE Euronext Paris: ETL) today initiated the process of divesting its stake in Hispasat by exercising the put option granted in 2008 by Hispasat’s majority shareholder, the Abertis Group. Eutelsat holds a 33.69% stake in Hispasat through its subsidiary, Eutelsat Services und Beteiligungen GmbH. Under the terms of the put option agreement, the value of the Hispasat stake will be determined by an independent expert.
The transaction will proceed subject to Spanish government consent.
The National Association of Broadcasters (NAB) is currently accepting speaking proposals for the 2016 NAB Show New York, held November 9-10 at the Jacob K. Javits Convention Center.
Spacex successfuly launched the EUTELSAT 117 West B satellite. and the ABS-2A satellites. The satellite was ferried into space by a Falcon 9 rocket that took off from SpaceX’s Space Launch Complex 40 in Cape Canaveral at 10.29 ET (14.29 UTC) and parked EUTELSAT 117 West B in a supersynchronous orbit after a 30-minute flight. The first telemetry from the new satellite has been confirmed and processed at Boeing’s Mission Control Centre in El Segundo, California.
The Kudelski Group announced today the acquisition of 100% of NexGuard Labs BV (formerly Civolution BV), a leader in digital content watermarking solutions. This move expands the Kudelski Group’s portfolio of end-to-end content protection security solutions, enriching the existing offer to content owners and pay-TV operators.
SES S.A. (Euronext Paris:SESG) (LuxX:SESG) today announced the pricing of an inaugural hybrid bond offering. SES has agreed to sell EUR 750 million of Deeply Subordinated Fixed Rate Resettable Securities and Coupon of 4.625%.
Satelite operator Intelsat S.A. today announced that its subsidiary, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”), has extended the early tender date for its previously announced tender offers (the “Tender Offers”) to purchase its 6 5/8% Senior Notes due 2022 (CUSIP No. 45824TAM7) (the “2022 Notes”), 5½% Senior Notes due 2023 (CUSIP No. 45824TAP0) (the “2023 Notes”) and 7½% Senior Notes due 2021 (CUSIP No.
ViaSat (NASDAQ: VSAT), a global broadband services and technology company, today announced financial results for the fiscal fourth quarter ended March 31, 2016.
Highlights of the quarter include;
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), today reported its results for the first quarter ended March 31, 2016. Revenue for Q1 2016 was US$52.7 million compared to US$45.2 million in comparable period of 2015, an increase of 17%.
EBITDA for Q1 2016 increased to US$0.5 million compared to US$0.2 million in comparable period of 2015. Reiterated management objectives for 2016: continued growth with revenues between US$290 and US$310 million and EBITDA between US$18 and US$24 million.
HISPASAT, the spanish satellite communications operator, and Portugal Telecom television’s MEO platform have reached an agreement to broadcast in 4K format for the Champions League Final on Sport TV, as well as eight important matches of the UEFA Euro 2016 on the RTP 4K channel. Thanks to this collaboration with HISPASAT, MEO satellite channel customers will be able to enjoy the most remarkable football moments of the year with the highest image quality and the latest technology.
