Global Markets - Latest Developments
he names of the jury members of the HISPASAT 4K International Short Film Festival have just been announced.
Speedcast International Limited (ASX:SDA), a provider of fully managed, remote communication and IT solutions, today announced its financial results for the six-month period ended June 30, 2017, with group revenues of US$ 246.3 million, a 143% period-on-period increase.
Financial Highlights
- Group revenues grew 143% to US$ 246.3 million for the period ended June 30, 2017, while service revenues grew 165% to USD 231.9 million.
Artel Video Systems today announced the acquisition of selected intellectual property from ARG ElectroDesign.
The transaction provides Artel with core IP switch technology from the Quarra 1G and 10G IP Switch family. In addition, Artel will take over the Automatic Repeat Query (ARQ) product line, which serves Reliable Internet Streaming Transport (RIST) for video applications.
Advantech Wireless, a global leader in satellite broadband communications solutions, will present details of its Ultra HD ready Satellite Solutions for broadcast applications at SET Expo 2017 that will take place August 22 – 24, 2017 in Sao Paulo, Brazil.
Globecomm Systems Inc., a service provider designing, integrating, and operating complex communication solutions differentiated by capabilities in satellite and wireless, announced today that an investor group led by HPS Investment Partners, LLC and funds managed by Tennenbaum Capital Partners, LLC have entered into a definitive agreement to acquire Globecomm from a New York-based private equity firm. Terms of the transaction were not disclosed.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2017.
Key Financial Highlights:
In its 50th year, the IBC Conference is still built around the technical papers programme, with the most influential paper in the programme winning the IBC Conference Prize. This year, the award goes to Marcelo Souza and his colleagues Joāo Castellani, Daniel Monteiro and Carlos Octávio Quieroz from Brazilian broadcaster, TV Globo, for their paper entitled ‘Big data for data journalism, enhanced business analytics and video recommendation at Globo’.
NAGRA, a Kudelski Group (SIX:KUD.S) company and one of the world's leading independent provider of content protection and multiscreen television solutions, in partnership with MTM, a leading international research and strategy consultancy, today revealed initial survey findings investigating the top priorities and challenges facing pay-TV operators around the world.
Discovery Communications, Inc. (Nasdaq: DISCA, DISCB, DISCK) and Scripps Networks Interactive, Inc. (Nasdaq: SNI) (“Scripps”) today announced that they have signed a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at US$ 14.6 billion, or $90 per share, based on Discovery’s Friday, July 21 closing price. The purchase price represents a premium of 34% to Scripps’ unaffected share price as of Tuesday, July 18, 2017. The transaction is expected to close by early 2018.
Satellite operartor Intelsat S.A. (NYSE: I), today announced financial results for the three months ended June 30, 2017. Intelsat reported total revenue of US$ 533.2 million and a net loss attributable to Intelsat S.A. of US$ 23.8 million for the three months ended June 30, 2017.
Intelsat reported EBITDA or earnings before net interest, loss/(gain) on early extinguishment of debt, taxes and depreciation and amortization, of US$ 407.3 million and Adjusted EBITDA1 of US$ 417.9 million, or 78 percent of revenue, for the three months ended June 30, 2017.
