Global Markets - Latest Developments
Dubai, United Arab Emirates, will host the ITU World Telecommunication Development Conference, 30 March – 10 April 2014. The Conference will focus on development priorities and strategies for growth in telecommunications and information and communication technologies (ICT), while highlighting the theme: Broadband for Sustainable Development.
This is of vital interest to the future growth of ICTs, especially in emerging and developing economies, and wherever new business opportunities open up to the rapidly growing ICT industry.
Thales signed a binding agreement to acquire LiveTV, JetBlue’s fully-owned subsidiary for a total of US$ 400 million dollars. The sale which is subject to regulatory and other approvals is expected to be completed in mid-2014.
C-COM Satellite Systems Inc. a global provider of mobile auto-deploying satellite antenna systems, announced today that for the fiscal year ended November 30, 2013 revenues have increased by 16.4% to CDN $15,573,798 and the company generated a net after tax profit of CDN $3,473,371 or 10 cents per share, This represents an increase of 30.3% from last year, when total revenues were CDN $13,385,324 and there was a net after tax profit of $2,665,491 or 8 cents per share.
C-COM recorded an income tax provision of CDN$1,392,340 in fiscal 2013, versus CDN$1,045,400 in fiscal 2012.
ORBCOMM Inc. a provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of Euroscan Holdings, B.V, a supplier of refrigerated transportation temperature compliance recording systems. Based in the Netherlands, Euroscan’s integrated turn-key systems are used worldwide to ensure the safe and secure transportation of food and pharmaceuticals by monitoring and assuring temperature compliance throughout the supply chain.
The Internet is ever-progressing, expanding beyond PCs and mobile devices into enterprise assets such as field equipment and consumer items. For a truly connected city to happen, it has to adopt The Internet of Things (IoT) to transform how both an emerging or developed city delivers services and how business and people interact with one another. This can be done using advanced technologies and solutions that are not just reliable but also deliver high productivity.
Globalstar, Inc. today announced its financial results for the three-month and twelve-month periods ended December 31, 2013. Highlights include significant increases in total revenue; increases in Duplex metrics such as subscriber additions, service revenue and ARPU; and a substantial increase in adjusted EBITDA.
Ross Video has acquired Automated Data Systems (ADS) of La Crosse, Wisconsin, USA. ADS is known for innovative, feature packed and easy to use solutions for data delivery, automation and broadcast production requirements – their main product line being EZNews.
CET Teleport is merging with the Limeline Group and all of the companies in the two organizations are to be rebranded under the "Onlime Group." The expanded business will have offices in Germany, UK, India, Sierra Leone, Angola, DR Congo, South Africa and UAE, with several more in the pipeline.
Eutelsat Communications announces that Satelites Mexicanos (Satmex), which Eutalsat purchased in January this year has been renamed Eutelsat Americas. Headquartered in Mexico City and satellite control facilities in Hermosillo and Mexico City, Eutelsat Americas will be part of a worldwide satellite group it will enable a broad portfolio of video, data, telco and broadband clients to benefit from Eutelsat’s global presence, services, technologies and expertise as well as access to its existing and future satellites, according to Eutelsat.
Arab Satellite Communication Organization (Arabsat) and Telesat Canada (Telesat) have signed a strategic commercial agreement under which Telesat will utilize a lifetime Ku-band payload on a the new satellite Hellas-sat-4. The new satellite’s RFP is going to the market in March as part of Arabsat’s RFP for its 6th generation satellites. The RFP will incorporate the design and manufacture of four new satellites.
