Global Markets - Latest Developments


New York City, NY, July 2, 2021 by Lou Zacharilla

If they asked me to write my personal history of the Pandemic the title would be, “You’re On Mute.”'

Geneva, Switzerland, July 1, 2021​​​​​​​

The International Telecommunication Union (ITU) today signed an agreement with the Government of Romania for the hosting of the ITU Plenipotentiary Conference 2022 (PP-22) in Bucharest. ITU's supreme governing body is set to convene from 26 September to 14 October 2022 at the Palace of the Parliament in the Romanian capital.

Washington, D.C., June 22, 2021

The Board of Directors of the Export-Import Bank of the United States (EXIM) unanimously approved, at its meeting on June 21, $80.7 million for HISPASAT, the Spanish satellite telecommunications operator of the Grupo Red Eléctrica. This transaction will finance launch services and also launch and initial in-orbit insurance of Amazonas Nexus, which will be launched in 2022 on a SpaceX rocket.

Abu Dhabi, UAE, June 21, 2021

Al Yah Satellite Communications Company PJSC  today announces its intention to proceed with an initial public offering (IPO) of part of its existing shares and to apply for admission of all of its shares to listing and trading on the Abu Dhabi Securities Exchange (“ADX”).

Jakarta, Indoneisa, June 16, 2009 by Tom van der Heyden

In the course of my work as a consultant and executive recruiter based in Asia, I have spoken to over 150 satellite and digital broadcast sales, business development and senior management professionals in the last six months on the prospects of the Asian market. The consensus among key satellite executives is that the business of satellite communications in Asia continues to grow and is better off than other regional markets by "a significant margin."

Washington, D.C., June 16, 2021

NAB Show is now accepting nominations for the third annual Product of the Year awards. Companies scheduled to exhibit in either the 2020 or 2021 NAB Show are eligible. The awards recognize the most significant and promising new products and technologies developed by NAB Show exhibitors. Nominations are being accepted through September 17, 2021.

Chicago, IL, June 15, 2021

Xenesis, Inc., an innovator in the free space optical communications (FSO) technology sector acquired a minority stake in Space Micro Inc. Through this agreement, Space Micro will become the exclusive manufacturer for componentry used in the Xenesis product line (including Xen-Hubs and Xen-Nodes) and Space Micro will also include the Xenesis devices in its product catalog and website.

Tel Aviv, Israel, June 15, 2021

Spacecom, (Tel Aviv Stock Exchange: SCC), the satellite services provider and owner-operator of the AMOS satellite fleet, today announced that Hungary’s 4iG Plc., a Hungarian information technology and telecommunications company (Budapest Stock Market: 4iG Nyrt.), is negotiating to take a majority 51 percent stake in the Israel-based satellite services company.

Melvile, NY, June 8, 2021

Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the third fiscal quarter ended April 30, 2021 and updated its financial targets for fiscal 2021. The company reported consolidated net sales of US$ 139.4 million and Adjusted EBITDA of US$ 17.7 million (or 12.7% of consolidated net sales).

Fiscal 2021 Third Quarter Highlights (all figures in US$)

Alameda, Calif., June 7, 2021

Astra announced today its planned acquisition of Apollo Fusion in a transaction valued up to US$ 145 million. Apollo Fusion manufactures a leading electric propulsion engine. This acquisition allows Astra to provide launch and space services beyond low Earth orbit (LEO), to medium Earth orbit, geosynchronous, and lunar orbits.