Global Markets - Latest Developments
NAB Show, the world’s largest annual conference and expo for professionals who create, manage, and distribute entertainment across all platforms, will feature sessions, workshops, and panels discussing today’s content landscape and the prominent role that over-the-top (OTT) video delivery is playing within it. The convention takes place April 11 – 16 in Las Vegas.
ABS-3A and EUTELSAT 115 West B was successfully launched aboard a SpaceX Falcon 9 rocket from Cape Canaveral, Florida at 10:50 p.m. EST on March 1st, 2015. Both satellites separated from the Falcon 9 launcher after a 35-minute flight, with telemetry subsequently received and processed at Boeing’s mission control center in El Segundo, California.
Once again Space Tech Conference will open its doors in Long Beach, California, to bring together the leading representatives of the military, government and commercial space sectors. An unparalleled line-up of expert speakers at the three-day conference will showcase the breadth of innovation in the industry, and discuss issues and opportunities in solving the space sector’s most challenging problems.
NEC Corporation (NEC; TSE: 6701) today announced a decision to acquire all shares in NEC TOSHIBA Space Systems Ltd. (NTSpace), a joint venture established in partnership with Toshiba Corporation in 2001. Shares are due to be acquired from Toshiba on March 31, 2015.
As one of its core businesses, NEC provides space solutions that cover everything from satellite systems and terrestrial satellite operation and control systems, to systems for utilizing satellite data.
Iridium Communications Inc. (Nasdaq:IRDM) today reported financial results for the fourth quarter of 2014 and issued its full-year 2015 and long-range outlook. Net income was US$ 23.0 million, or $0.19 per diluted share, for the fourth quarter of 2014, as compared to US$ 15.6 million, or $0.18 per diluted share, for the fourth quarter of 2013.
For the year ended December 31, 2014, Telesat reported consolidated revenues of Cdn.$ 923 million, an increase of approximately 3% (Cdn.$ 26 million) compared to 2013.
The major industry groups working towards interference mitigation have announced a number of workshops and meetings during the week of Satellite 2015 in Washington D.C.
SpeedCast International Limited today announced the acquisition of Geolink Satellite Services, a provider of satellite communications solutions in the African region, and part of the CETel Group.
DISH Network Corporation (NASDAQ: DISH) reported 2014 total revenue of US$ 14.6 billion compared to US$ 13.9 billion in 2013, an increase of 5.3 percent. Net income attributable to DISH Network in 2014 increased 17.0 percent to US$ 945 million from US$ 807 million in 2013. Diluted earnings per share were $2.04 in 2014, compared with $1.76 in 2013.
DIRECTV (NASDAQ:DTV) today reported that fourth quarter 2014 revenues increased 4% to US$ 8.92 billion, operating profit before depreciation and amortization (OPBDA) and operating profit decreased to US$ 2.00 billion and US $1.26 billion, respectively, and diluted earnings per share was unchanged at US$1.53 compared to last year's fourth quarter.
