Global Markets - Latest Developments
Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDF), a provider of remote communication and IT solutions, said it expects Underlying EBITDA for 1H 2019 of approximately US$60 to US$64 million and revised its expectation for Underlying EBITDA for full year 2019 to approximately US$140 million to US$150 million.
1H 2019
Speedcast said it expects Underlying EBITDA for 1H 2019 of approximately US$60 to US$64 million, including US$8 to US$10 million from the Globecomm acquisition which completed in December 2018.
L3Harris Technologies today announced the successful completion of the all-stock merger between Harris Corporation and L3 Technologies on June 29, 2019.
Two events — the World Summit on Information Society (WSIS) and AI for Good Global Summit — made their marks this year at the International Telecomunication Union (ITU) in Geneva, Switrzerland.
Es’hailSat, the Qatar satellite company, will be at the 20th Arab Radio and TV Festival being held on 28-30 June in Culture City in Tunis. The annual festival, organized by Arab States Broadcasting Union (ASBU), aims to contribute to the development of Arab radio and television production, enhance its quality and promote innovative and meaningful trends in the industry.
ConnecTechAsia, comprising BroadcastAsia, CommunicAsia and NXTAsia, wrapped up last Thursday drawing 38,000 attendees and 1,700 exhibitors over two venues.
CETel, a leading global satellite communications and network service provider, has acquired UK-based Cobbett Hill Earth Station Limited in terms of an asset purchase transaction for an undisclosed amount.
Eutelsat Communications (Euronext Paris: ETL) has confirmed the successful launch of Eutelsat 7C. The satellite was lifted into space from Kourou, French Guiana by an Ariane 5 rocket at 23h43 CET (21h43 UTC) on June 20th.
Global Invacom, a global provider of satellite communications equipment, has announced the acquisition of the technology of the Apexsat group of companies. This includes the assets and intellectual property (IP) from Apexsat.
The Asia Video Industry Association (AVIA) welcomed over 180 delegates to the first Satellite Industry Forum (SIF) in Singapore since its rebrand from Casbaa in August 2018. On Monday, CEO Louis Boswell reiterated the importance of AVIA’s continued focus and support of the satellite industry in this period of great change and disruption, particularly in the areas of policy and regulation.
ConnecTechAsia, comprising BroadcastAsia, CommunicAsia and NXTAsia officially opens today at Marina Bay Sands and Suntec Singapore. Held from 18-20 June 2019, the three-day event showcases the latest smart technologies and trends that are shaping Asia’s digital future.
