Global Eagle Entertainment today announced that it has agreed upon a definitive “stalking horse” asset purchase agreement under which substantially all of the company’s assets will be acquired for total consideration of $US 675 million by an entity established at the direction of holders of approximately 90% of the Company’s senior secured first-lien term loans. To facilitate the sale process, Global Eagle and certain of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. 

Teledyne today reported second quarter 2020 net sales of US$7 43.3 million, compared with net sales of $782.0 million for the second quarter of 2019, a decrease of 4.9%. Net income was US$ 93.7 million ($2.48 diluted earnings per share) for the second quarter of 2020, compared with US$ 104.6 million ($2.80 diluted earnings per share) for the second quarter of 2019, a decrease of 10.4%.

C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF),announced today financial results for the second quarter ended May 31, 2020. The company generated revenues of $1,061,665 and a net after tax loss of $466,930 or -1 cent per share. This compared with revenues of $2,566,595 and a net after tax profit of $267,342 or 1 cent per share for Q2, 2019 – representing a decrease of 59% and 275% respectively.

Comtech Telecommunications Corp. (NASDAQ: CMTL) and its wholly owned subsidiary, Convoy Ltd. filed a complaint in the Delaware Court of Chancery against Gilat Satellite Networks Ltd. on July 7, 2020.  The complaint relates to the agreement and plan of merger dated January 29, 2020 between Gilat and Comtech providing for the acquisition of Gilat by Comtech and seeks a declaratory judgment that certain actions, if taken by Gilat, would breach Gilat’s obligations under the Merger Agreement.

The world’s largest and most influential Africa-focused technology and digital connectivity events – AfricaCom and AfricaTech–will take place in 2020 as fully-virtual events, under the umbrella of the new Virtual Africa Tech Festival.  The events will run simultaneously from 09 – 13 November 2020.   Being virtual and providing access to exceptional content for free, the events expect to welcome an eve

AVIA had the privilege of hosting the first major online media conference of the year, the OTT Virtual Summit, with a record turnout of over 700 delegates. Opening the Summit this year was the Thought Leaders' panel, featuring a stellar line-up of senior executives from across the video landscape. The panel had optimism all round for the industry as a whole.

OneWeb announced today that it has entered into an agreement with a consortium led by the UK Government (through the UK Secretary of State for Business, Energy, and Industrial Strategy) and Bharti Global for the acquisition of the OneWeb business in connection with its court-supervised sale process.

In the time of COVID-19 pandemic, when most activities are being conducted remotely, the effective and efficient management of satellite networks is more crucial than ever.

It is a vast land, making up three quarters of all Russia.  It is an empty land, where fewer than one in four Russians live.  Notorious for long, harsh winters but rich in gold and diamonds, oil and coal.

Haven’t we been using banal reasons to justify space exploration (and by extension satellites) like non-stick frying pans?”  “Yes. Our nation has never had a philosophy of space exploration.”