News Analysis

Paris,  November 1, 2024 – Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) reports revenues for the First Quarter ended 30 September 2024.

by Lou Zacharilla

New York City, NY, November 1, 2024--SpaceX and its founder, whose innovations transformed the commercial Space business from a slumber deeper than even the makers of Melatonin promise, will surpass four million subscribers for its Starlink satellite broadband service by the time you finish this article.  The leader of the Digital Age’s Ford Motors with thrusters has, according to its president, Industry Hall of Fame inductee Gwynne Shotwell (https://tinyurl.com/nhc9nb6s), also produced one million terminals in less than 365 days at a facility deep in the heart of Texas.

Chandler, Ariz. November 1, 2024– In a letter to shareholders, Comtech (NASDAQ: CMTL) today announced that its fourth quarter fiscal 2024 financial results are now available.

London, UK, October 21, 2024 - ETL Systems, a lprovider of RF distribution solutions, is excited to announce the acquisition of SpacePath Communications, a strategic move that enhances ETL’s position in the global satellite communications market.

Chandler, Ariz. October 17, 2024 – Comtech (NASDAQ: CMTL)  today announced that its Board of Directors and management team are executing a strategy to transform Comtech into a pure-play satellite and space communications company and provided a capital structure update.

McLean, Va. October 17, 2024 – Iridium Communications Inc. (Nasdaq: IRDM), a provider of global voice and data satellite communications, today reported financial results for the third quarter of 2024 and updated its full-year 2024 outlook. Net income was US$ 24.4 million, or US $0.21 per diluted share, for the third quarter of 2024, as compared to net loss o fUS $1.6 million, or US$ 0.01 per diluted share, for the third quarter of 2023. Operational EBITDA (“OEBITDA”)(1) for the third quarter was a record US$ 124.4 million, as compared to US$ 121.3 million for the prior-year period. Net income benefitted from the year-over-year increases in service revenue, engineering and support revenue and equipment sales. In the third quarter, Iridium also had lower operating expenses compared to the prior year period primarily due to a decline in depreciation expense associated with the extension of the estimated useful lives of the Company’s satellites.

Oslo, Norway, October 15, 2024 - Marlink,a managed services provider of business-critical ICT solutions has acquired 100% of Port-IT, a leader in cyber security solutions tailored for the maritime industry.

Los Angeles, Calif. October 1, 2024 - DIRECTV  and EchoStar (NASDAQ: SATS) today announced that they have entered into a definitive agreement under which DIRECTV will acquire EchoStar’s video distribution business DISH DBS , including DISH TV and Sling TV, through a debt exchange transaction. The transaction will provide consumers with compelling video options while separately improving EchoStar’s financial profile as it continues to enhance and further deploy its nationwide 5G Open RAN wireless network.

Traverse City, MI​., September 4, 2024 – ATLAS Space Operations, a world leading provider of ground station services for satellite communications, has raised US$15 million in its latest growth investment round.

Calgary, Alberta, September 3, 2024 – Network Innovations, a leading global technology integrator of critical communications and related services, today announced the acquisition of Infosat Communications, a satellite services company focused on serving the remote business operations sector for more than 25 years. The transaction was completed between Network Innovations and Infosat’s parent company, Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators. The sale will close in phases due to the required regulatory approvals, with the first closing for the vast majority of the Infosat assets having occurred on September 1, 2024.