Global Markets - Latest Developments


Cape Town, South Africa, October 19, 2015

The AfricaCom Awards continues to grow in strength and significance.  According to Adam Thompson, Head of Content at Com World Series, the 2015 applications were many and of an extremely high standard, and reinforced the importance of the Awards as a showcase for innovation within the telecoms and ICT sector across Africa.  

The winners will be announced at the eagerly anticipated AfricaCom Awards event, always a highlight on the AfricaCom agenda, which this year takes place on 18th November. 

The shortlisted contenders for the various categories in 2015 are:

Budapest, Hungary, October 16,  2015

ITU Telecom World 2015 closed its doors yesterday at Hungexpo, Budapest following an exceptional week of dialogue, debate, networking and showcasing. The event, which welcomed over 4,000 participants from 129 countries this week, brought together an impressive line-up of top-level government representatives, leaders of industry –  from established players to SMEs (small and medium enterprises) and young start-ups, from emerging and developed markets – along with high-level representatives of international organizations, entrepreneurs, accelerators, incubators and academia.

Ottawa, Canada, October 14, 2015

C-COM Satellite Systems Inc. (TSXV: CMI), a leading global provider of mobile auto-deploying satellite antenna systems, announced today financial results for its third quarter ended August 31, 2015. The company has generated revenues of $2,798,793 and a net after tax profit of $487,802 or 1 cent per share. This compared to revenues of $2,935,311 and a net after tax profit of $410,500 or 1 cent per share as reported in Q3 2014, representing a decrease of 4.7% and an increase of 18.8% respectively.

Bremen, Germany, October 14,  2015

Top officials and leading experts representing the entire space sector, including space agencies, satellite manufacturers, suppliers and service providers, will illuminate the future of an industry with global revenues exceeding US$ 330 billion at Space Tech Expo Europe in Bremen next month.

Two concurrent free-to-attend forums, each extending over the whole three days of the exhibition and featuring more than 80 speakers, will examine every facet of the space industry, its evolving technology and the commercial opportunities it offers.

Geneva, Switzerland, October 12, 2015

Doors opened today in Budapest for ITU Telecom World 2015, the global ICT innovation event for SMEs, corporates and governments. The event kicked off with a spectacular Opening Ceremony, in the presence of H.E Viktor Orbán, Prime Minister of Hungary, ITU Secretary-General, Houlin Zhao, and a host of other distinguished high-level participants spanning government, industry and representatives of many global SMEs and start-ups.

Petah Tikva, Israel – October 12, 2015

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT),, today announced it is streamlining its organization to better benefit from significant growth opportunities in the market.

Washington, D.C., Oct. 6, 2015

Satellite Industry Association (SIA) President Tom Stroup today issued the following statement urging Congress to reauthorize the Export-Import Bank of the United States:

“As lost opportunities for domestic commercial satellite manufacturers continue to mount, SIA urges Congressional leadership to reauthorize the Export-Import Bank of the United States (Ex-Im Bank). Without Ex-Im Bank, U.S. commercial satellite manufacturers are increasingly uncompetitive in a global marketplace where foreign buyers account for roughly 75 percent of all commercial satellite sales.

Rochelle Park, NJ, October 6, 2015

ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, today announced that it has entered into a definitive agreement to acquire substantially all the assets of WAM Technologies LLC (WAM), an affiliate of Mark-It Services, Inc.

Stockholm, Sweden, October 2, 2015

Net Insight, a leading provider of live, interactive and on-demand media transport, today announces its completion of the acquisition of US software company VizuAll Inc., trading under the name of ScheduALL. The acquisition will strengthen Net Insight's market position in media service and workflow orchestration.

Yesterday's closing follows the announcement on September 2, 2015, that Net Insight was entering into an agreement to purchase ScheduALL. Net Insight has acquired 100% of the shares in ScheduALL for USD 14 m on a cash and debt free basis.

Geneva, Switzerland, October 1, 2015

The rapid pace of digital transformation is creating new ecosystems, players and even industries – all holding tremendous potential. But how can this potential be harnessed for the benefit of all? And what should the top-level priorities be?