Global Markets - Latest Developments
Telesat Canada today announced its financial results for the three and six-month periods ended June 30, 2017. For the quarter ended June 30, 2017, Telesat reported consolidated revenues of CDN $226 million, or a decline of 3% ($6 million) from the same period in 2016.
Speedcast International Limited (ASX: SDA), today announced it has entered into a definitive agreement to acquire UltiSat for a purchase consideration of up to USD$100 million, payable over two years and subject to the ongoing financial performance of the company. UltiSat is a leading provider of remote communications and professional services to governments, in particular the US government, and to international government organizations (IGOs) and non-governmental organisations (NGOs).
C-COM Satellite Systems Inc. (TSXV: CMI), a leading global provider of mobile auto-deploying satellite antenna systems, announced today financial results for its second quarter ended May 31, 2017. The company declared its 21st consecutive quarterly dividend payment and its 25th consecutive profitable quarter.
The Satellite Industry Association (SIA) today released its 2017 State of the Satellite Industry Report at an industry briefing held in Washington, D.C. For 20 years, SIA has been publishing the leading analysis of the satellite industry. The industry report produced by Bryce Space and Technology, LLC, is derived from proprietary surveys of satellite companies, indepth public information, and independent analysis which are combined to assess the performance of key satellite industry sectors including satellite services, ground equipment, launch services and manufacturing.
Odyssey Investment Partners, LLC (Odyssey) has entered into an agreement to acquire CPI International Holding Corp. (CPI) from affiliates of Veritas Capital (Veritas). Financial terms of the agreement were not disclosed.
ORBCOMM Inc. (Nasdaq: ORBC), a provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced today that it has acquired the assets of inthinc, Inc. Based in Salt Lake City, UT, inthinc provides best-in-class fleet management and driver safety solutions to a broad range of industrial enterprises.
NAGRA, a Kudelski Group (SIX:KUD.S) company and 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 the first wave of findings from the Pay-TV Innovation Forum 2017, which looks first at the state of the North American market. The global research program examines the state of pay-TV innovations and strategies that will drive the next phase of growth for the industry.
Comtech Telecommunications Corp. (NASDAQ:CMTL) today reported its operating results for the third fiscal quarter ended April 30, 2017 and finalized its fiscal 2017 guidance.
Fiscal 2017 Third Quarter Highlights
ENENSYS, a provider of video delivery infrastructure,announced that the acquisition of TeamCast, a modulation technology provider for terrestrial, satellite and wireless markets, has been completed. The combined group will provide an extensive product and software range across Video Delivery Infrastructure, especially in ATSC3.0, DVB-T2 and DVB-S2/S2X.
CommunicAsia, EnterpriseIT and BroadcastAsia 2017 wrapped up last week after a three-day exhibition and conference addressing technologies and strategies for smart cities and digital ecosystems driving the digital strategies and transformation roadmaps of governments and enterprises in Asia.
