Global Markets - Latest Developments


Amsterdam, the Netherlands, September 3, 2018

IBC2018, the world’s most influential media, entertainment and technology show, today announces the line-up for the IBC Future Zone and IABM Future Trends Theatre.

London, UK, September 3, 2018

Whether the focus is on 5G, policy and regulatory frameworks that are going to enable communications, ICT investment, new revenue streams or accelerating the spread of digital connectivity throughout sub-Saharan Africa, AfricaCom 2018 – 13 to 15 November at the CTICC in Cape Town, South Africa - will be the place to be to shape Africa’s telco future.

Atlanta, GA, August 29, 2018

Encompass Digital Media, a global technology services company delivering end-to-end video playout and distribution solutions to broadcast and digital media companies, announced today it has signed a definitive agreement to acquire Babcock International Group’s (Babcock’s) Media Services business. This deal expands Encompass’ scale in EMEA and extends the company’s combined channel playout, transmission and digital products portfolio while adding international radio distribution to its suite of services.

Sydney, Australia, Aug. 28, 2018

Remote communication and IT solutions provider Speedcast International Limited (ASX: SDA) today announced its financial results for the six-month period ended 30 June 2018 (1H 2018), with group revenues of US$304.9 million, a 24% period-on-period increase.

Speedcast said its EBITDA grew 14% to US$60.4 million (1H 2017: US$53.2 million) with the Board declaring a fully franked interim dividend of AU$2.40 cents per share for the six-month period ended 30 June 2018

Hong Kong, August 17, 2018

Asia Satellite Telecommunications Holdings Limited said today its revenues for the first half of 2018 rose by 14% to HK$730 million (2017: HK$642 million) due to substantial full six-month revenues from the leases of AsiaSat 8 and AsiaSat 4, and additional revenue from new leases with video, data and occasional use customers.

Arlington, Va., Aug. 16, 2018

Boeing [NYSE: BA] will acquire Millennium Space Systems, a provider of agile, flight-proven small-satellite solutions, under an acquisition agreement that will expand Boeing's satellite and space portfolio, talent and capabilities.

Paris, France, August 9, 2018

Eutelsat has sold its interest in the Eutelsat 25B satellite operated at 25.5 degrees East to the co-owner of the satellite, Es’hailSat, for a consideration of €135 million (US$154 million).

The company said Eutelsat’s share of the satellite generated FY2018 revenues of €16 million (US$18.26 milion) in the video application.

It added the divestment of this non-core asset is in line with Eutelsat’s strategy of optimizing its portfolio of businesses in the context of its policy of maximizing cash generation.

Los Angeles, Calif., August 8, 2018

 milcom-9aug2018.jpgThis year’s 37th edition of MILCOM, the global stage for innovation in military communications, will be held on October 29-31 at the LAX Marriott in Los Angeles, CA. This year’s conference will focus on the theme "Reimagined and Reengineered -New Networking, Education and Building Opportunities."

Petah Tikva, Israel, August 7, 2018

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) reported today revenues for Q2 2018 were US$ 66.5 million, compared with US$ 66.2 million in Q2 2017, and its Q2 2018 GAAP operating income increased to US$ 4.1 million, up 121% from Q2 2017.

Yona Ovadia, CEO of Gilat, said the company continued the trend of improvement in profitability as well as continued growth momentum in its business.

Gilat also reported key financial highlights for the quarter as follows:

New York City, August 7, 2018

The World Teleport Association (WTA) today announced that STN has achieved provisional certification of its Slovenia Teleport located near Ljubljana under WTA’s Teleport Certification Program.