Global Markets - Latest Developments
Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the first fiscal quarter ended October 31, 2019 and updated its fiscal 2020 guidance. Net sales for the first quarter of fiscal 2020 were US$ 170.3 million as compared to the US$ 160.8 million achieved during the first quarter of fiscal 2019, representing an increase of $9.5 million, or 5.9%.
Fiscal 2020 First Quarter Highlights
Small satellite manufacturer and mission services provider Blue Canyon Technologies (BCT) has purchased leading RF antenna manufacturer, Antenna Development Corporation (AntDevCo).
Russia’s satellite communications operator Russian Satellite Communications Company (RSCC) and Azerbaijan’s satellite communications operator Azercosmos signed a cooperation agreement pertaining to satellite communications and broadcasting services in Baku, Azerbaijan, as part of the international telecommunications and IT show BAKUTEL 2019. RSCC’s Deputy Director General – Head of the Business Development Kseniya Drozdova and Azercosmos’s Deputy BoD Chairman Rovshan Rustamov signed the document.
For its fourth and final mission of the year, Ariane 5 placed two communications satellites in geostationary transfer orbit (GTO), lifting off from the European spaceport in Kourou (French Guiana) the Egyptian satellite TIBA-1 and Inmarsat GX5. It was launch No. 250 for Ariane, which will be celebrating its 40th anniversary on December 24.
Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that it has entered into an agreement to acquire UHP Networks Inc. a leading provider of innovative and disruptive satellite ground station technology solutions, for a purchase price of approximately US$ 40.0 million. Founded in 2005, UHP is based in Canada and has developed revolutionary technology that is transforming the Very Small Apert ure Terminal (VSAT) market.
The 38th ITU World Radiocommunication Conference (WRC-19) has adopted a new innovative milestone-based regulatory approach for the deployment of non-geostationary satellite orbit (NGSO) satellites in specific bands and services.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) today reported its results for the third quarter ended September 30, 2019. GAAP Operating Income Increases 43.1% sequentially; Adjusted EBITDA reaches double digits totaling US $10.1 million.
Key Financial Highlights:
The GVF-C21 Partnership has announced details of the opening keynote addresses to be given at the HTS Roundtable: GEOs, MEOs, LEOs – Enabling a Brave New World on 2nd December 2019 at ETC Venues-St Pauls, 200 Aldersgate, London EC1A 4HD.
More than 15 000 visitors, over three content-packed days, attended this year’s AfricaCom, and is a record for the event that turned 22 in 2019. AfricaCom is the world’s largest and most influential Africa-focused technology, media and telecommunications event and the presence of so many industry heavyweights, emphasised the significance of the role that technology is playing and will continue to effect, on the way the world progresses.
The Asia Video Industry Association (AVIA) welcomed over 500 senior video executives to the Asia Video Summit, held at the Ritz Carlton, Millenia, Singapore from 4 – 6 November. The summit continued to address the State of the Video Industry focusing on five key themes – business models, advertising, human capital, news and policy, some of the most pressing issues the industry faces today.
