Global Markets - Latest Developments
In a year of undeniable sea-change within the broadcast industry, the debate at this year’s CASBAA Convention at its new venue at Hong Kong’s Intercontinental Hotel promises to be hotter than ever. With the theme ‘Making Waves’, the convention has secured an impressive line up of speakers comprising of key industry players from all over the world.
Two telecommunications satellites that will provide expanded relay capacity for Australia and Argentina were orbited on September 30th on Arianespace’s ninth mission in 2015 – putting the company on track to perform a record 12 flights this year using its three-member launch vehicle family, which consists of the heavy-lift Ariane 5, medium-lift Soyuz and lightweight Vega.
View video interviews with key executives at the IBC 2015 in Amsterdam, the Netherlands including: Kirill Filippov, CEO-SPB TV; Carmen Gonzalez-Sanfeliu
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT),today reported revised management objectives for 2015. Based on preliminary estimates, revenues for the second half of 2015 are expected to be between US$ 120 million and US$ 130 million and second half EBITDA is expected to be between US$ 8 million and US$ 10 million. As a result, revenues for the full year of 2015 are expected to be between US $210 million and US$ 220 million and EBITDA between US$ 6 million to US$ 8 million.
The Asia-Pacific Satellite Communications Council (APSCC) announced the winners of its 12th APSCC Awards at the APSCC 2015 Satellite Conference & Exhibition held at COEX Seoul, Korea.
Euroconsult, a global consulting firm specializing in space markets, announced the recipients of its 12th Annual Awards for Excellence in Satellite Communications on the occasion of the World Satellite Business Week, its annual senior executive event, the 19th edition of which took place in Paris from Sept. 14 to 18. These annual awards recognize companies and their management for their outstanding accomplishments in the satellite sector.
Communications & Power Industries LLC (CPI) today acquired ASC Signal Corporation, which designs and builds advanced satellite communications, radar and high-frequency antennas and controllers. ASC Signal's high-performance antennas are used in commercial and government satellite communications, terrestrial communications, imagery and data transmission, and radar and intelligence applications.
Under the acquisition agreement, CPI acquired ASC Signal from Resilience Capital Partners.
SES S.A. (NYSE Paris:SESG) (LuxX:SESG) sees important steps and a continuous strong drive towards an accelerated uptake of Ultra HD – also known as 4K – by consumers, broadcasters and the industry.With the first Ultra HD channels on air, the innovative technology that allows for four times the resolution and picture sharpness of HD is gaining traction, especially in Europe, North America and Asia.
The Spanish satellite telecommunications operator HISPASAT will continue to drive services offered from the 55.5º West orbital position, thanks to the successful launch of the Intelsat 34 satellite on August 20th of this year from the European launch base at the Guiana Space Centre, located in French Guiana. Through these actions, the operator will strengthen its position in this crucial region, with a strong focus on Brazil, and continue to meet the growing demand for telecommunications services in Latin America.
Ericsson (NASDAQ:ERIC) today announced its agreement to acquire Envivio (NASDAQ:ENVI), by means of a tender offer for a price of US$ 4.10 per share in cash, or approximately US$ 125 million in the aggregate. The acquisition will strengthen Ericsson as a global innovator in enabling customers to deploy new technologies and agile video processing to innovate new services that engage TV consumers every day.
