Montreal, Canada, March 12, 2012--C-COM Satellite Systems Inc., a provider of mobile auto-deploying satellite antenna systems, announced financial results for the fiscal year ended November 30, 2011. "We have closed our fiscal 2011 with the largest increase in the company's history in both sales and operating profits over the same period last year" said Leslie Klein, President and CEO of C-COM Satellite Systems Inc.
Melville, NY, March 8, 2012--Comtech Telecommunications Corp. reported its operating results for the three and six months ended January 31, 2012. Net sales for the second quarter of fiscal 2012 were $99.1 million compared to $162.8 million for the second quarter of fiscal 2011. The period-over-period decrease is due to lower net sales, as expected, most notably in the mompany's mobile data communications segment.
Mclean Va., March 7, 2012 – Iridium Communications Inc reported solid financial results for the fourth quarter of 2011 and issued its outlook for the full-year 2012. Net income was $8.4 million, or $0.11 per diluted share, for the fourth quarter of 2011, as compared to $10.1 million, or $0.14 per diluted share, for the fourth quarter of 2010. Operational EBITDA for the fourth quarter was $44.3 million, as compared to $42.3 million for the prior-year period, representing year-over-year growth of 5 percent and an OEBITDA margin(1) of 47 percent. OEBITDA benefited from solid growth in commercial service and government service revenue.
Los Angeles, Calif., March 6, 2012-- After more than four years of discussion, debate and deliberation in February of this year the Australian government’s NBN Co. Ltd. signed a contract for two Ka-Band satellites to deliver broadband to the three percent of Australian households and enterprises that are located out of the reach of fiber and terrestrial wireless. This was a landmark decision both for Australia and for the satellite industry as a whole as it marks the first time that a government has so wholeheartedly endorsed satellite as a means of providing broadband connectivity; something that last year the UN in its Broadband Challenge declared to be a “human right”.
Rio de Janeiro, Brazil, March 5, 2012--The Latin American satellite market continues to grow in terms of applications such as Direct-to-Home (DTH), HDTV, Cellular Backhaul & Trunking, and government programs aimed at bridging the Digital Divide. International satellite operators such as SES and Intelsat are forced to review their strategy and are bringing more capacity to serve the region in the next 5 years to be better positioned for relevant growth in transponder capacity and to be able to meet the growing demands of the market.
New York City, March 2, 2012-There are those still working today who can remember where there was no competition in the satellite business, when it was completely dominated by treaty organizations or state-owned companies beholden to national governments and bound by monopoly regulations. There are still wide swathes of the planet where monopoly conditions rule but the international market now contains a multitude of companies large and small, operating in space and on the ground, who compete fiercely for government, media, telecommunications, maritime and other business.
Luxembourg, March 1, 2012-- Satellite operator Intelsat S.A. reported revenue of US $652.9 million and a net loss of $3.5 million for the three months ended December 31, 2011. The company also reported Intelsat S.A. EBITDAi, or earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortization, of $495.5 million, and Intelsat S.A. Adjusted EBITDAi of $514.6 million, or 79 percent of revenue, for the three months ended December 31, 2011.
Berlin, Germany, February 23, 2012--Several satellite industry assications repeated its grave concerns over the proposed UNIDROIT Space Assets Protocol. Delegates of UNIDROIT and its member states will convene on February 27 in Berlin, Germany, for the Diplomatic Conference on the Draft Space Assets Protocol to the Convention on International Interests in Mobile Equipment, the European Satellite Operators’ Association, the Satellite Industry Association of Washington, D.C., the Space Industry Association of Australia and the Cable and Satellite Broadcasting Association of Asia today urged delegates and Member States to defer any consideration of the Protocol due to an absence of support from the global satellite industry.
Geneva, Switzerland, February 17, 2012--The World Radiocommunication Conference 2012 (WRC-12) concluded its deliberations today with the signing of the Final Acts that revise the Radio Regulations, the international treaty governing the use of radio-frequency spectrum and satellite orbits.Over 3000 participants, representing 165 out of ITU’s 193 Member States attended the four-week Conference, braving the extreme winter conditions prevailing in Geneva. Over 100 Observers from among ITU’s 700 private sector members along with international organizations also attended WRC-12.
El Segundo, Calif., February 16, 2012--DirecTV, the largest satellite TV provider in the United States, reported a 16 percent increase in fourth-quarter profit amid rising subscriber numbers in Latin America. Net income rose to $718 million, or US$1.02 a share, from US $618 million, or 74 cents, a year earlier, according to the company fourth quarter 2011 financial results.