EMEA Markets - Latest Developments
The GVF-EMP Partnership has announced final details of the populated programme for Mobile Connectivity 2019: Air, Sea, Surface, Rail – Evolving the New “New” Verticals taking place on February 27, 2019 at London’s ETC Venues, located at 8 Eastcheap, London EC3M 1AE.
CommScope (NASDAQ: COMM), a global leader in infrastructure solutions for communications networks, has agreed to acquire ARRIS International plc (NASDAQ: ARRS), a global leader in entertainment and communications solutions, in an all-cash transaction for $31.75 per share, or a total purchase price of approximately US$ 7.4 billion, including the repayment of debt.
AVIWEST, a global provider of video contribution systems, announced today that the company saw a 20 percent acceleration in purchase order growth in 2018. AVIWEST also announced it will be expanding across the United States, Europe, and India, with new engineering positions currently open in the company's R&D, support and pre-sales, and sales departments.
Boeing Company [NYSE: BA] has reported fourth-quarter revenue of US$ 28.3 billion and GAAP earnings per share of US$ 5.93 on record commercial deliveries, higher defense and services volume, and strong performance. In the company’s Defense, Space & Security segment, fourth-quarter revenue increased to US$ 6.1 billion driven by increased volume across F/A-18, satellites, and weapons. Fourth-quarter operating margin increased to 10.9 percent, primarily reflecting favorable mix.
Harris Corporation (NYSE: HRS) reported fiscal 2019 second quarter revenue of US$ 1.7 billion, up 9% compared with the prior year. GAAP earnings per diluted share (EPS) from continuing operations increased 74% to US$ 1.88, and non-GAAP EPS increased 19% to US$ 1.96. Net income increased 72% to US$ 225 million, and adjusted earnings before interest and taxes increased 18% to US$ 327 million with margin expansion of 150 basis points (bps).
Digital Ship and the GVF-EMP Partnership have announced a collaborative cross-promotion of events programmes taking place during February 2019 in London. The cross-promotion will reflect the close scheduling of the respective events, as well as the closely-related themes in the communications on the move (CotM) ecosystem.
The National Association of Broadcasters (NAB) will present the Spirit of Broadcasting Award to veteran radio industry reporter Tom Taylor during the 2019 NAB Show in Las Vegas. Taylor will accept the award on Monday, April 8 at the NAB Show Opening.
In 2019 the Middle East, North Africa and South Asia's largest broadcast digital media and satellite exposition, CABSAT, an event which attracts more than 900 exhibitors and 20,000 expected visitors, returns to its traditional March calendar slot.
Founder and Chairperson of Urban One, Inc. Cathy Hughes will be inducted into the National Association of Broadcasters (NAB) Broadcasting Hall of Fame at the 2019 NAB Show. The induction will occur during the Achievement in Broadcasting Dinner on Monday, April 8 at the Encore in Las Vegas.
Aireon LLC today announced it has signed a credit facility agreement for US$200 million with a group of several independent investor funds, led by Deutsche Bank. This credit facility provides Aireon with the resources to fund various company initiatives and to continue to pay Iridium for the costs related to the integration, launch and hosting of the AireonSM payload on each of the 81 Iridium NEXT satellites.
The agreement was signed on December 21st, 2018. This announcement comes just days after the final launch of Iridium NEXT satellites and their Aireon hosted-payloads.
