EMEA Markets - Latest Developments
NAB Show®, the world’s leading convention for media, entertainment and technology professionals, is launching NAB AmplifyTM, a dynamic year-round digital platform designed to extend the impact of NAB Show throughout the year by providing opportunities for networking, discovery and education.
Kymeta Corporation acquired Lepton Global Solutions LLC which will become a wholly owned direct subsidiary of Kymeta Corporation. Established in 2013, Lepton Global Solutions is a provider of satellite-based customized turnkey communications solutions and services with expertise in the Intelligence Community (IC), Special Operations Command (SOC) and other government sectors.
Satellite operator SES reported 1st half 2020 results in line with expectations and continued underlying growth in Networks of +7.1% year-on-year and revenues of EUR 947.5 million, -1.5% decrease as reported with underlying revenue 2.4% lower than H1 2019.
Adjusted EBITDA was EUR 582.0 million, -2.3% as reported (-3.5% at constant FX) compared with H1 2019 and representing an Adjusted EBITDA margin of 61.4% including a 2.2% year-on-year reduction in recurring operating expenses.
BAE Systems has completed its acquisition of the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation. Based in Cedar Rapids and Coralville, Iowa, with a workforce of approximately 700 employees, the Military GPS business has been a pioneer in its field for more than 40 years and has a global installed base in excess of 1.5 million devices on more than 280 airborne, ground, and weapon system platforms.
The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL), chaired by Dominique D’Hinnin, released the company's financial results for the fiscal year ended June 30, 2020. It reported total revenues of of €1,278 million--a 3.9 percent decrease from the previous fiscal year 2018-2019 on a reported basis and by -5.0% like-for-like.
Eutelsat Communications (Euronext Paris: ETL) has reached an agreement with Bigblu Broadband to acquire its European satellite broadband activities. Bigblu Broadband is the largest distributor of satellite broadband packages in Europe with a proven track record, as evidenced by its success as the main Gold member of Euro Broadband Infrastructure’s Preferred Partnership Programme since 2019.
For the quarter ended June 30, 2020, Telesat reported consolidated revenue of CDN$ 208 million, a decrease of 10% (CDN $23 million) compared to the same period in 2019. When adjusted for changes in foreign exchange rates, revenue declined 11% (CDN$ 25 million) compared to 2019.
MarketBrief Report on Satellite Cellular Backhaul sponsored by ST Engineering iDirect
A summary of the key trends and innovative approaches to satellite cellular backhaul.
Featuring:
Executive Summary of the Satellite Cellular Backhaul Market by Elisabeth Tweedie
Interview with Semir Hassanaly, Head of Cellular Backhaul and Trunking, ST Engineering iDirect
Case Study: Verizon's Operation Convergent Response
To read or download the pdf of full report click here.
To view more information on ST Engineering iDirect's satellite cellular backhaul solutions go to: info.idirect.com.
Iridium Communications Inc. (Nasdaq: IRDM) today reported financial results for the second quarter of 2020 and updated its full-year 2020 outlook. Net loss was US$ 12.4 million, or US$ 0.09 per diluted share, for the second quarter of 2020, as compared to net loss of $18.1 million, or $0.16 per diluted share, for the second quarter of 2019.
ConnecTechAsia - Asia’s leading Infocomm Media and Technology event organised in partnership with Singapore’s Infocomm Media Development Authority (IMDA), announces the launch of the first-ever CommunicAsia Awards to be held on 30 Sept at this year’s virtual event.
