EMEA Markets - Latest Developments
During the past ten years, Africa, the second-largest continent in terms of size and population after Asia, has made great strides in improving its telecommmunications infrastructure through submarine fiber cables landing on both the African Eastern and Western coastlines. Today, there are at least 14 operational, major submarine cables in sub-Saharan Africa, providing about 70 Tbit/s of design capacity and over 5.825 Tbit/s of lit, fully available capacity. This is more than double its international bandwidth of only 3 Tbps mark in December 2014. What’s more, a number of new submarine cables are expected to land later in 2018 and into 2019, with local hubs at Djibouti, Angola and Nigeria, further increasing Africa’s capacity.
In the last quarter of 2018 a real small sat express consisting of the Indian PSLV and the American SpaceX Falcon-9 launchers will bring a large number of small satellites into an sun synchronous orbit. After long delays more than 80 small satellites from more than 30 customers from around 20 countries, that are waiting anxiously to have their small satellites launched into orbit.
Introduction
A man walking along a cliff feels the ground give way beneath him. He manages to clutch at a root extending from the face of the cliff, which saves him from falling 1,200 feet onto jagged rocks in the surf below. But as he hangs, on he cannot climb back up. He shouts, “Is anyone up there!?”
A voice fills the sky! “Have faith. If you have faith you can let go and you will fall light as a feather, landing unhurt on the rocks below.” He looks down at the rocks and crashing surf, thinks about it, looks back up and shouts, “Is there anyone ELSE up there?”
Comtech Telecommunications Corp. (“Comtech”) (NASDAQ:CMTL) announced today that it entered into a new US$ 550.0 million credit facility (the “Credit Facility”) with a syndicate of lenders on October 31, 2018. The Credit Facility consists of a senior secured revolving loan facility with a borrowing limit of US $300.0 million and an accordion feature allowing the Company to borrow up to an additional $250.0 million, plus additional amounts subject to pro forma covenant compliance.
In my previous column I referenced the GVF’s contribution to the forthcoming International Telecommunication Union’s World Radiocommunication Seminar 2018 (WRS2018), December 3rd to 7th, which will take the form of a pre-Seminar Workshop Symposium, November 29th to 30th, focused on capacity building amongst the world’s regulators. A number of organizations will be supporting and contributing to the Workshop Symposium, including (at the time of writing) Hughes and SES, together with other GVF members currently finalizing their inputs.
The annual AfricaCom Awards shortlist was released today. With an overwhelming number of excellent entries, the selection process has been even more challenging than previous years.
The latest program in the GVF-EMP Partnership portfolio, the HTS Roundtable 2018 - GEOs… MEOs… LEOs: Enabling a Brave New World, has been released.
Intelsat S.A. (NYSE: I) today reported total revenue of US$ 536.9 million and net loss attributable to Intelsat S.A. of US$ 374.6 million for the three months ended September 30, 2018.
Telesat Canada today announced its financial results for the three and nine-month periods ended September 30, 2018. For the quarter ended September 30, 2018, Telesat reported consolidated revenues of US$173.37 million (Ca$227 million), an increase of 6% US$9.93 million (Ca$13 million) compared to the same period in 2017.
SES S.A. announced solid financial results for the nine and three months ended September 30, 2018 with group revenue growing, fuelled by strengthening double-digit growth at SES Networks.
Steve Collar, president and CEO, said the company’s focus on execution continues to generate strong financial performance, delivering growth in absolute and underlying revenue, “and we remain on track to deliver on our year-end financial outlook.”
