Global Markets - Latest Developments
Spacecom (Tel Aviv Stock Exchange: SCC), the Israeli communication satellite provider and operator of the AMOS satellite fleet,announced it will be participating for the first time at the virtual CABSAT 2020 from November 10th-12th. CABSAT is a leading exhibition, focused on the latest innovations in satellite communication, broadcast, media and the entire content industry. Following the “Abraham Accord” peace agreement, Spacecom is now joining the event and showcase its satellite services and satellite-based solutions.
The Asia Video Industry Association (AVIA) will be hosting the Asia Video Summit this year from 10-12 November with several firsts under its belt. With the pandemic abating in Singapore and Hong Kong, AVIA will be hosting a live conference at both locations, allowing a small group of participants to experience the conference live and network with fellow delegates.
The October 2020 issue of the Satellite Executive Briefing magazine focusing on Satellite Mobility Market sponsored by Advantech Wireless is now available. Featuring:
Whither the Satellite Mobility Market? by Virgil Labrador
Case Study: Managing an Outside Broadcast Fleet
Executive Spotlight: Hans Massart, Head-Broadcast and Media, ST Engineering iDirect
Leaning Into Risk by Lou Zacharilla
Digitization, "Actionable Intelligence" and a Global Digital Ecosystem by Martin Jarrold
Company Spotlight: Revgo Global
PLUS Product and Services Spotlight, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more. Click here to read or download the file
ICEYE today announced that Jerry Welsh, who joined ICEYE in 2017 as COO/CFO, will take on the CEO role for ICEYE US. Welsh, an operations and technology expert who specializes in scale-up strategy recently oversaw the completion of ICEYE’s US$ 87 million Series C financing. He will lead a team focused on deploying capital to scale operations and serve the needs of US customers.
Following a two-year partnership, which has delivered NBN Co's Business Satellite Services to businesses across Australia, Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDQ) has today announced it has sold selected functions of its wholly-owned subsidiary and dedicated entity, Speedcast Managed Services, to Australian government-owned infrastructure provider, NBN Co.
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2020. The company reported Operating Verticals revenues of €307 million, down 1.9% like-for-like and total revenues down 0.7%. Backlog of €4.4bn, up 3% year-on-year.
SАTCOMRUS 2020, the 25th anniversary international conference of operators and users of Russia’s satellite communication networks, took place online on October 8, 2020. The event was held with the support of the Ministry of Digital Development, Communications and Mass Media of the Russian Federation, the Federal Communications Agency and the Roscosmos State Corporation. Over 400 specialists from Russia, Great Britain, USA, Canada, Israel, Italy, France, Indonesia, Nigeria, India, Azerbaijan took part in the digital conference.
Globally, there is much hype around 5G. In Africa, whilst that conversation undoubtedly has its place, solutions to Africa’s connectivity still require consideration around legacy 2G, 3G and even 4G networks, which remain the continent’s predominant connectivity sources. Taking a look at the global state of play of 5G and its place in Africa, or not, this year’s 5G Africa series, will form part of the virtual Africa Tech Festival.
Iridium Communications Inc. (Nasdaq: IRDM)today reported financial results for the third quarter of 2020 and updated its full-year 2020 outlook. Net loss was US$ 4.0 million, or $0.03 per diluted share, for the third quarter of 2020, as compared to net loss of US$ 18.0 million, or US$ 0.14 per diluted share, for the third quarter of 2019. This decrease in net loss was primarily the result of lower net interest expenses related to the refinancing of Iridium's credit facility and high-yield notes from the year ago period.
C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF), a provider of mobile auto-deploying satellite antenna systems, announced today its financial results for the third quarter ended August 31, 2020. C-COM generated revenues of CDN $1,773,918 and net after tax income of CDN $210,856 or 1 cent per share. This compared with revenues of CDN $1,453,446 and a net after tax loss of CDN $346,290 or -1 cent per share for Q3, 2019 - representing increases of 22% and 161% respectively.
