Global Markets - Latest Developments
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) today reported revenues for the Third Quarter and Nine Months ended 31 March 2020. Third Quarter Operating Verticals revenues down 1.6% year-on-year; up 1.2% quarter-on-quarter while broadcast showing resilience, with return to slight growth quarter-on-quarter.
Satellite operator Intelsat has filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division. The company said the bankruptcy filing is part of a "financial restructuring" that is "intended to enhance the company’s liquidity and will likely result in a substantial reduction of Intelsat’s legacy debt burden, allowing for Intelsat to emerge with a strengthened balance sheet to complement its strong operating model and future growth plans."
National Association of Broadcasters President and CEO Gordon Smith delivered the annual NAB Show State of the Industry address during NAB Show Express, taking place May 13-14. Smith said that "broadcasters endure" amid the COVID 19 pandemic.
Flat panel antenna manufacturer Phasor Solutions UK has filed for bankruptcy in the UK according to various media reports. The company is based in Arlington, Virginia in the US and has a technology development center in the UK. The company has previously filed for Chapter 11 Bankruptcy Protection in the US in 2017.
Amergint Technology Holdings today announced it has acquired Tethers Unlimited, Inc. (TUI), a leader in new space solutions for the small satellite market. The transaction will bring together Amergint Technologies, Inc. and TUI to provide integrated end-to-end solutions for satellite communications and in-space services to the space market.
Terms of the transaction were not disclosed.
This month the Satellite Markets and Research asked executives of satellite companies from all over the world on what impact has the global COVID-19 pandemic has had on their business and what measures have they taken to respond to the crisis and how they see their companies emerging from all these. The companies represent a cross-section of the various segments of the industry including manufacturers and service providers. Here are their responses:
Manuel Lobeira, CEO
ACORDE Technologies
Santander, Spain
Thaicom Public Company Limited announced its financial results for the first quarter ended 31 March 2020. The Company’s net profit for Q1/2020 was Baht 198 million, a significant improvement as compared to the net loss of Baht 33 million for Q1/2019 and Baht 1,969 million for Q4/2019. Thaicom reported revenues from sales and services for Q1/2020 of THB 965 million, down 26% from Q1/2019, mainly due to the decrease of revenue from broadband customers churned during 2019, also from the Thaicom 5 satellite deorbit.
They can call it what they want. I call it “UNsocial distancing.” Let’s face it, living life online sucks. It always has. It always will. I’m sorry. I just like being with people. I like schmoozing. I like talking – about anything. I even can tolerate close talkers who spit a little – although not these days!
Recent developments in IoT connectivity and the coming of ubiquitous global low cost IoT connectivity are bound to cause a major technology disruption in the meteorological world.
The April 2020 issue of the Satellite Executive Briefing magazine sponsored by The Spaceconnection is now available. Featuring:
The Satellite Industry in the Time of COVID-19 by Virgil Labrador
Prospects in the OTT via Satellite Market by Omkar Nikam
Trends in the Satellite Industry: A User's Perspective by Krasimir Terziev
Responding to the COVID-19 Pandemic by Martin Jarrold
Better Satellite World Series: When Disaster Strikes
Will Connecting with LEO and MEO be a Viable Business? by Robert Bell
PLUS Products and Services MarketPlace Guide to Satellite 2020 and CABSAT 2020, 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
