RigNet, Inc. has entered into a new credit agreement with Bank of America, N.A. for its business expansion.The new agreement gave RigNet a US$ 60 million term loan and a US$ 125 million revolving credit facility, which includes a US$15 million sublimit for the issuance of standby letters of credit.

The company had an outstanding loan of US$ 54.6 million prior to the new agreement with Bank of America. The bank, which is the credit facility’s administrative agent, has been RigNet's strategic financing partner since 2009.

The number of TV sets connected to the Internet will reach 759 million by 2018 for 40 countries covered in the Connected TV Forecasts report, up from 115 million  at end-2010 and the 307 million expected at end-2013. This translates to 26.8% of 
global TV sets by 2018, up from only 5.1% at end-2010 and 12.4% by end-2013. 

Connected TV is becoming more international. The US will still command a third of  connected TV sets by end-2013, but this proportion will fall to 23.5% by 2018. China will climb from 6.6% of the 2013 total to 16.4% by 2018. 

Canadian video production technology company, Ross Video, has acquired MCP – Mobile Content Providers, a premium full service mobile sports production packager based in South Florida, USA.

Ross said it plans to transform MCP into a national mobile production company to be called Ross MCP.

MCP has served many major Sports Networks, Universities and International organizations, and has successfully delivered premium content at affordable prices.  In addition to providing crew and equipment, MCP also takes on producer responsibilities providing a full service solution.

Fox International Channels (FIC), a 21st Century Fox company, is buying Setanta Africa, the broadcaster whose television channel bouquet takes football, rugby, martial arts and other sports to a million homes in sub-Saharan Africa.

The acquisition is subject to approval by the Irish Competition Authority. Setanta is an international sports broadcaster based in Dublin, Ireland. It was formed in 1990, initially to facilitate the broadcasting of Irish sporting events. The company now operates in Ireland, Northern Ireland, Asia, Africa, and Australia.

Comtech Telecommunications Corp.'s fourth-quarter earnings fell 35 percent after posting sales declines throughout its operations, most notably in its mobile data communications segment. Comtech said net sales dropped to $84.4 million for the fourth quarter and $319.8 million for full year of fiscal 2013 ended July 31, 2013, compared to $112.8 million and $425.1 million for the same periods in fiscal 2012.

Netgem announced consolidated revenues of €24.1 million (US$32.84 million) for the third quarter of 2013 taking its nine-month consolidated revenue to €57.9 million (US$78.9 million).

Netgem said sales of the new T-Box in Australia and client subscriber growth in Europe and Latin America increased its international business by 75 percent as French revenues continued to slip during the quarter ending September 30, 2013.

The ability to deliver high quality, high definition video streams across home area networks to devices using multiple formats and multiple screen sizes is crucial to the success of content and service providers. Pay-TV providers, particularly cable providers looking to avoid becoming simply a "dumb" pipe, are increasingly implementing plans to provide content to consumers via multiple types of devices within and outside of the home, according to MRG.

United Kingdom’s Office of Fair Trading has referred the acquisition by Telefonaktiebolaget LM Ericsson of Red Bee Media Limited to the Competition Commission (CC).

OFT, which is mandated to make sure businesses are in open, fair and vigorous competition in order to protect consumers, said it found that the merger might lead to an increase in prices or a worsening of service levels in the supply of linear playout services in the UK.

ORBCOMM Inc., a provider of Machine-to-Machine (M2M) solutions, today announced that it has completed the acquisition of Comtech Mobile Datacom Corporation’s (Comtech) Sensor Enabled Notification System (SENS) operation, which includes satellite hardware, network technology and web platforms. SENS is a market leader in providing one-way satellite products and services to more than 20,000 subscribers worldwide.

Globecast announced that it has added Japanese content to its MyGlobeTV platform in the United States. Toei Japan Channel and Fishing Vision have chosen this platform for their launch in the United States market.

MyGlobeTV is a consumer television service available in the United States that brings international and genre-based audiovisual content directly to subscribers via broadband. The fastest growing source of international content in the United States, MyGlobeTV delivers premium programming from around the globe to television or any connected device.