An affiliate of private equity and investment firm Wasserstein & Co. has entered into a definitive agreement to acquire Globecomm Systems for US$ 14.15 per share or about US$340 million in cash.

C-COM Satellite Systems Inc. announced today that it has entered into a strategic partnership with Vislink, a United Kingdom based secure communication technology provider.

Vislink will promote, market, sell and support the C-COM manufactured range of iNetVu® products, which would complement Vislink's existing product range and allow it to expand into new vertical markets including oil & gas; mining; police, fire, emergency and disaster management.

Global TV advertising expenditure will reach US$ 219 billion in 2018 for the 55 countries  covered in the TV Advertising Forecasts report from Digital TV Research, up by 32%  - or US$ 53 billion - from 2012.  TV advertising spend grew by 4.4% in 2012 to US$ 167 billion, but only 2.8% growth is  forecast for 2013 as the recession bites again in several European territories.

The Savings Deposit Insurance Fund of Turkey (TMSF) is considering the initiation of a tender for the sale of pay-television platform Digitürk although the process has not been finalized.

Reuters and other local media reports have reported that TMSF and Çukurova’s are coordinating the plan for Digitürk and that they are looking at several alternatives, including the direct sale of the broadcaster or sale with a tender.

Es’hailSat, the Qatar Satellite Company, and ARABSAT today announced the signing of a strategic partnership agreement to promote closer co-operation between the two companies and strengthen the reach and penetration of the 26 degrees East hot spot neighborhood for TV broadcasting.

Gilat Satellite Networks Ltd. today announced that it has entered into a definitive agreement to sell its Spacenet Inc.  subsidiary to Tulsa, Oklahoma-based SageNet. The aggregate consideration for the sale is approximately US $16 million, subject to certain post-closing adjustments and expenses.

Gilat Satellite Networks Ltd. reported on Wednesday lower revenues for the second quarter of 2013 at US$ 80.2 million, compared to US$ 82.8 million in the first quarter of 2013 and $85.3 in the second quarter of 2012.

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.

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