Global Markets - Latest Developments
Intelsat S.A. (NYSE: I) announced today that its indirect wholly-owned subsidiary, Intelsat Jackson Holdings S.A., intends to offer US$ 300 million aggregate principal amount of its 9.750% senior notes due 2025 (the “Notes”). The offering would constitute an offering of additional notes having the same terms as Intelsat Jackson’s existing 9.750% Senior Notes due 2025 (other than issue price).
Three editions of the AI for Good Global Summit have showcased numerous artificial intelligence (AI) projects with promise to advance the United Nations Sustainable Development Goals (SDGs). From summit to summit, participants have recognized the significance of the leap from AI promise to global impact, a leap that they plan to take together with the development of an 'AI Commons'?
Comtech Telecommunications Corp.’s (NASDAQ: CMTL) net sales for the third quarter of fiscal 2019 rose to $170.4 million compared to the US$ 147.9 million achieved during the third quarter of fiscal 2018, representing an increase of US$ 22.5 million, or 15.2%.
Net sales for the first nine months of fiscal 2019 were US$ 495.4 million compared to the US$ 403.2 million achieved during the first nine months of fiscal 2018, representing an increase of US$ 92.2 million, or 22.9%.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its board of directors declared a quarterly cash dividend of $0.10 per share, payable on August 16, 2019, to shareholders of record at the close of business on July 17, 2019.
The dividend is the company’s thirty-sixth consecutive quarterly dividend. Future dividends remain subject to compliance with financial covenants under the company's secured credit facility as well as Board approval.
NSR forecasts THE inflight connectivity (IFC) will be a US$ 36 Billion market over the next decade, as more airlines outfit fleets with high throughput satellite (HTS) services. However, the IFC market endured a challenging 2018 due to delays in installing equipment, indecisions by airlines, and uncertainty on business models, on top of technical and regulatory hurdles according to NSR . Overall, the market lost a bit of its shine as aeronautical connectivity grew in 2018 by US$400 million 40% less than expected. On the bright side, passenger aircraft retail revenues reached more than US$1 Billion for the first time. NSR expects 2019 revenue growth to be the same with a faster pace of inflight connectivity hardware installs to catch up on backlog.
The Asia Video Industry Association (AVIA) will be hosting its annual Satellite Industry Forum (SIF) at the Four Seasons Hotel, Singapore on 17 June 2019.
This year, SIA welcomes Steve Collar, president and CEO of SES, as he gives a keynote presentation and shares his views about spectrum war.
Managing new business challenges should encompass the entire satellite workflow and make it far easier to set up satellite antennas, reduce operator fails/ issues and ensure entire networks are continuously and automatically monitored. Integrasys has already worked and continues to do so, with a few satellite operators to drastically reduce running costs through better tools for installation and monitoring. Yet, there is one area that remains very tricky complicated and that is the process of buying and selling satellite capacity.
Following-on from the Aberdeen, Scotland, Oilfield Connectivity 2019 event back in May, the GVF-EMP Partnership will be presenting its next event – Cellular Backhaul 2019: Satellite and the 5G Journey (www.uk-emp.co.uk/current-events-zone/cellular-backhaul-2019/) – as an embedded feature of the biggest 5G-dedicated event in the world, taking place on 13 June at London’s Docklands ExCeL Center.
With 21 commercial satellites at the geostationary orbit, Japan is still the largest satellite operating country in the Asia Pacific Region.
CANAL+ Group is acquiring M7, one of the largest independent pay-TV companies in Europe operating in Benelux and Central Europe. M7 is owned by Astorg, a leading European private equity firm. This acquisition is subject to the European Commission’s approval.
M7 is an aggregator and distributor of local and international channels via satellite and OTT platforms. It has developed a presence in the Netherlands, Belgium, Austria, Czech Republic, Slovakia, Hungary and Romania where it has a total of 3 million subscribers, of which 0.8 million to a basic access package.
