Global Markets - Latest Developments
Intelsat S.A. today reported total revenue of US$ 628.9 million and net income attributable to Intelsat S.A. of US$ 81.9 million, or $0.70 per common share on a diluted basis, for the three months ended March 31, 2014. The company reported adjusted net income per diluted common share1 of $0.92 for the three months ended March 31, 2014.
Orbital Sciences Corporation today announced that it has entered into a definitive agreement with Alliant Techsystems (ATK), which will combine Orbital and ATK’s Aerospace and Defense (A&D) Groups to create a US$ 4.5 billion (combined calendar year 2013 annual revenue), 13,000-person space, defense and aviation systems developer and manufacturer.
On Thursday April 24, a verdict was handed down by a jury in the case brought by ViaSat against Loral Space and Communications and Space Systems/Loral (SS/L). ViaSat prevailed and SS/L – but not Loral Space and Communications – was found guilty of infringing three of ViaSat’s patents and of breaching certain non-disclosure agreements. Loral and SS/L plan to appeal the jury decision.
Pace today released a statement by management on its interim results for the period January 1, 2014 to April 23, 2014. Profitability of Pace was in line with management expectation and continues to have robust cash flow, according to the statement.
A new report by Research and Markets entitled "Global Set Top Box Market 2014-2018" forecasts the global Set Top Box (STB) market to grow at a CAGR of 2.14 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increase adoption of HD STB. The Global STB market has also been witnessing the growth in the number of pay TV subscribers. However, the high cost of advanced set top boxes could pose a challenge to the growth of this market.
Shailesh Rao, Twitter Inc’s Vice President for Americas, Asia Pacific and Emerging Markets, will deliver a visionary address at CommunicAsia2014 Summit and BroadcastAsia2014 International Conference titled “You Matter: Asians Shaping The Pulse of the World Through Live, Authentic Conversations” to examine the role of social media and its significance in today’s society.
The visionary address will be held on 18 June, 2014, at Marina Bay Sands, Singapore.
Orbital Sciences Corporation today reported its financial results for the first quarter of 2014. First quarter 2014 revenues were US$ 323.3 million, compared to US$ 334.8 million in the first quarter of 2013. First quarter 2014 operating income was US$ 23.0 million, or 7.1% operating margin, compared to US$ 31.1 million, or 9.3% operating margin, in the first quarter of 2013.
Taiwan’s plans to restructure its regulation of the cable-TV industry were the focus of a day-long seminar in Taipei on April 8, 2014, before 100 industry leaders, government officials, academics and foreign experts. CASBAA hosted the seminar together with Taiwan’s NCC, which is considering options for the restructuring.
Spain-based operator HISPASAT launched its new 4KTV channel for te Americas at the NAB in Las Vegas. HISPASAT, The channel dubbed “HISPASAT 4K” will be aired unencrypted from the Amazonas satellite 3 to its coverage area of Central and North America.
Imagine Communications, today announced at the NAB in Las Vegas, the acquisition of Digital Rapids, an IP and file-based media processing solutions company.
