Global Markets - Latest Developments


Singapore, November 25, 2020

The Infocomm Media Development Authority (IMDA), Singapore Tourism Board (STB) and Informa Tech signed a Memorandum of Intent (MOI) today to launch a new flagship tech event for Asia in 2021. Slated for the second half of 2021, the first edition will be a hybrid event bringing together Government, businesses in the infocomm, media and tech ecosystem, start-ups, enterprise communities and global titans of tech.

Ottawa, Canada, November 24, 2020

Telesat Canada announced today that it has entered into an agreement with Loral Space & Communications Inc. (NASDAQ: LORL) (Loral) and Public Sector Pension Investment Board (PSP Investments) pursuant to which Telesat Canada and Loral will become subsidiaries of Telesat Corporation (Telesat), a new publicly traded Canadian incorporated and controlled company.  

Singapore, November 23, 2020

The Asia Video Industry Association (AVIA) held its annual state of the industry event, the Asia Video Summit (the Summit), which was supported by Create Hong Kong of the Government of the Hong Kong Special Administrative Region as the Lead Sponsor, on 10 to 12 November 2020 with resounding success as over 1000 delegates from the Asian video industry gathered for the Summit.  With most sessions live and broadcast from the studio to a backdrop of Hong Kong or Singapore, the Summit was produced to a very high standard and caps what has been a successful series of virtual events and webin

London, UK, November 20, 2020

OneWeb, the Low Earth Orbit (LEO) broadband satellite communications company, announces its emergence from U.S. Chapter 11 bankruptcy protection and achievement of all relevant regulatory approvals. A consortium of UK Government (through the UK Secretary of State for Business, Energy and Industrial Strategy) and Bharti Global, has invested US $1 Billion of new equity to offer broadband connectivity services, via a constellation of 650 LEO satellites.

Carlsbad, Calif., November 18, 2020

Viasat Inc. (NASDAQ: VSAT) today announced it will strengthen its European presence by purchasing the remaining 51% share of Euro Broadband Infrastructure (EBI), the wholesale broadband services business created as part of Viasat’s former partnering arrangement with Eutelsat Communications.

Singapore, November 17, 2020

ST Engineering today announced that effective January 1, 2021, the company will be reorganized as Commercial and Defence & Public Security clusters, replacing the sector-structure of Aerospace, Electronics, Land Systems and Marine.

New Structure Aligns to Global Growth Strategy and Strengthens Customer Focus

Petah Tikva, Israel, Nov. 10, 2020

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT),  today reported its results for the third quarter ended September 30, 2020. Revenues were US$ 37.3 million; compared to US$ 63.4 million in Q3 2019 and similar to that of the previous quarter.   GAAP operating loss was US$ 10.9 million compared to operating income of US$ 7.0 million in Q3 2019 and an operating loss of US$ 3.5 million in the previous quarter. The GAAP operating loss in the quarter includes $8.2 million in expenses related to the Comtech merger and litigation and their effects.

Dubai, UAE, November 9, 2020 by Martin Jarrold

 gvf-cabsat-2020.jpegWith a total of more than 2,700 views on the GVF YouTube channel of the recorded webinars of the GVF-Satellite Evolution Series, in addition to the views of the live broadcasts over Zoom every alternate Thursday, the series continues to draw some significant audiences, now regularly from over 120 countries. The series has been widely recognized for its professional production approach to presentation and for the quality of its dialogues.

New York City, November 8, 2020 by Robert Bell

It’s not often in a technology business that billions in investment and revenue depend on one of the humblest components of the tech system.