Global Markets - Latest Developments
Al Yah Satellite Communications Company PJSC listed on the Abu Dhabi Securities Exchange (“ADX”) under (SYMBOL: YAHSAT) (ISIN: AEA007501017), oday announced its financial results for the period 1st half 2021 ended 30 June 2021. In its first announcement after the successful completion of its initial public offering (the "IPO") on 14 July 2021, Yahsat reported robust financial performance for the first half of 2021, showing strong results across all operating segments.
SpaceX is acquiring the small-satellite data provider Swarm Technologies, absorbing the startup’s roughly 30 employees and its network around 150 tiny satellites. The deal is extremely rare for SpaceX, which normally manufactures its rocket and satellite hardware in-house or hires subcontractors according to analysts.
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter of 2021. Highlights include (all figures in US$):
Sir Richard Branson, Founder of the Virgin Group, will deliver SATELLITE 2021’s opening keynote address on Thursday, September 9th at 8:30 am ET at the Gaylord National Convention Center in National Harbor, MD. Less than two months after captivating global audiences with a trip into suborbital space, Branson will share stories with SATELLITE attendees from his experience and his views on the future of commercial space development.
Intelsat S.A. (OTC: INTEQ), today announced financial results for the three months ended June 30, 2021. Intelsat reported total revenue was US$ 507.9 million and net loss attributable to Intelsat S.A. was US$ 152.3 million for the three months ended June 30, 2021. Intelsat reported EBITDA, or earnings before net interest, taxes and depreciation and amortization, of US$ 150.4 million and Adjusted EBITDA of US$ 283.8 million, or 56% of revenue, for the three months ended June 30, 2021.
The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL), chaired by Dominique D’Hinnin, announced the financial results for the year ended June 30 2021. Highlights of the results include:
IBC today announces the shortlist for the highly coveted IBC2021 Innovation Awards. This year, the awards will celebrate the spirit of collaboration within the content and technology industry, where organisations identified a market challenge and worked together to create a solution. Winners and their technology partners will be honoured at an awards ceremony at IBC2021 (Amsterdam, The Netherlands, 3-6 December 2021).
Listen to audio podcasts with key satellite industry executives including: Guido Neumann, Chief Development Officer and President EMEA of AXESS Networks ; Ken Grelck, Global Communications Industry Lead--Capgemini Engineering and R&D global business line; Mitja Lovsin, General Manager-STN; Jack Waters, CEO-Xiplink; Alvaro Sanchez, CEO-Integrasys; Dan Zajicek, CEO-Spacecom; Dave Rehbehn, VP-Intnernational Division, Hughes Newtwork Systems; Krystal Dredge, Marketing Director-AvL Technologies; Carl Novello, CTO-NXTCOMM; Alexander Mueller-Gastell, CEO-ND SatCom; Vagan Shakhgildian, CEO-UHP Networks; David Gelerman, CEO, Spacebridge; Lou Dubin, SVP-Product Marketing, Comtech EF Data; Bob Hansen, VP-Sales and Marketing, Terrasat; Steve Richeson, VP-Sales, Mission Microwave and Semir Hassanaly, Head of Cellular Backhaul and Trunking, ST Engineering iDirect. Click here to listen to the podcasts.
Alexey Volin, General Director of the Russian satellite operator RSCC, gave a talk to the attendees of the Senezh Management Lab as part of the Territory of Meanings All-Russian Youth Educational Forum. At the panel discussion "Who will get a ticket to the future?", Alexey Volin spoke about the place of RSCC in the technological chain of communication and broadcasting service providers, noting that a total of 385 million people from 58 countries enjoy communication and broadcasting services using RSCC satellites.
The World Teleport Association (WTA) today released Service Automation and Orchestration for Teleport Operators, a new research report that shares insights from thought leaders around the industry on the power of process automation to drive high QOS, revenue growth and new business models.
