News Analysis

IFIMI Becomes Orbit’s Controlling Shareholder by Acquiring 33.4% of the Company for Approximately US$10 Million

Netanya, Israel, December 2, 2017 – Orbit Communications Systems Ltd. (TASE: ORBI), a  provider of precision tracking-based communications solutions and airborne communications management systems, announced that the company successfully concluded a private placement of 33.4% of its shares to FIMI Opportunity Funds for approximately US$10 million, effectively making FIMI Orbit's controlling shareholder. FIMI also received options to purchase additional Orbit shares for approximately US$20 million. If fully realized, FIMI would possess 56% of the company’s shares.

Marlink and OmniAccess to Merge

Palma de Mallorca, Spain, November 23, 2017--Backed by Apax Partners, Marlink has signed a definite agreement to acquire a majority stake in OmniAccess. The existing management team of OmniAccess will remain unchanged and continue to keep a significant shareholding in the company.

Atos to Acquire Siemens Convergence Creators

Bezons, France, November 20, 2017--Atos,has announced its intention to acquire Siemens Convergence Creators GmbH (CVC), a global multi-industry digital transformation solutions provider, headquartered in Vienna. With its highly skilled engineers and a total headcount of approximately 800 staff, CVC delivers software based solutions in the fields of communication networks, service and customer management, public safety and security, multimedia infotainment, as well as space technology.

Digital Content Revenues to Pass US$ 200 Billion Next Year

Hampshire, UK,  November 7, 2017--A new study from Juniper Research has found that global consumer spend on digital content will reach US$ 202 Billion in 2018, up by 10% on this year’s total of US$ 184 billion. The research found that SVoD (Subscription Video on Demand) services will be a key driver of growth, with major OTT (Over The Top) players such as Netflix and Amazon committing budgets of more than US$ 5 Billion to original content over the coming year. Meanwhile, Apple and Facebook are each expected to invest at least US$ 1 Billion for the first time.

The October 2017 issue of the Satellite Executive Briefing magazine

The October 2017  issue of  the  Satellite Executive Briefing magazine  focusing on Satellite Market Trends sponsored by Advantech Wireless is now available.  Featuring:

Satellite Market Trends by Elisabeth Tweedie

The Pursuit of Continuous Connectivity by Paul Scardino and James Brown

Teleport  Operators and the OTT Media Opportunity by Robert Bell

plus ITU Telecom World 2017 Show report, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more.  Click here to read or download the file

Northrop Grumman to Acquire Orbital ATK for US$ 9.2 Billion

Dulles, Va., Sept. 18, 2017–Northrop Grumman Corporation (NYSE: NOC), a leading global security company, and Orbital ATK, Inc. (NYSE: OA), a global leader in aerospace and defense technologies, today announced they have entered into a definitive agreement under which Northrop Grumman will acquire Orbital ATK for approximately $7.8 billion in cash, plus the assumption of US$1.4 billion in net debt. Orbital ATK shareholders will receive all-cash consideration of $134.50 per share. The agreement has been approved unanimously by the Boards of Directors of both companies. The transaction is expected to close in the first half of 2018 and is subject to customary closing conditions, including regulatory and Orbital ATK shareholder approval.

The September 2017 issue of the Satellite Executive Briefing magazine

The September 2017  issue of  the  Satellite Executive Briefing magazine  focusing on the European Broadcast Market sponsored by Gazprom Space Systems is now available.  Featuring:

European Satellite Broadcast Market Update  by Elisabeth Tweedie

Aeronautical Market  by Bernardo Schneiderman

Executive Spotlight interview with Jarbas Valente, President, Telebras

The Future of the 'Future'  by Lou Zacharilla

Fly By Wi-Fi for InFlight Connectivity, or... by Martin Jarrold

Featured Company: Gazprom Celebrates its 25th Anniversary

plus WSIS 2017 Show report, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more.  Click here to read or download the file

Artel Acquires ARG ElectroDesign Intellectual Property

Westford, Mass, August 29, 2017--Artel Video Systems today announced the acquisition of selected intellectual property from ARG ElectroDesign. 
 The transaction provides Artel with core IP switch technology from the Quarra 1G and 10G IP Switch family. In addition, Artel will take over the Automatic Repeat Query (ARQ) product line, which serves Reliable Internet Streaming Transport (RIST) for video applications.

SpeedCast Achieves 143% Revenue Growth for 1st Half 2017

London,UK,  Aug 29, 2017- Speedcast International Limited (ASX:SDA), a provider of fully managed, remote communication and IT solutions, today announced its financial results for the six-month period ended  June 30, 2017, with group revenues of US$ 246.3 million, a 143% period-on-period increase.

HPS Investment Partners Acquires Globecomm

Hauppagge, NY, August 9, 2017--Globecomm Systems Inc., a service provider designing, integrating, and operating complex communication solutions differentiated by capabilities in satellite and wireless, announced today that an investor group led by HPS Investment Partners, LLC and funds managed by Tennenbaum Capital Partners, LLC  have entered into a definitive agreement to acquire Globecomm from a New York-based private equity firm. Terms of the transaction were not disclosed.