News Analysis

Carlsbad, Calif., Aug. 6, 2013 — ViaSat Inc. posted a record 33 percent increase  in revenue to US$ 321.1 million for first quarter fiscal 2014, narrowing its loss to US$ 1.8 million or $0.04 per share, from a loss of $14.4 million or $0.33 per share from the same period last year.

Englewood, Colo., August 6, 2013 — Dish Network Corp. reported today second-quarter loss as the company was hit by large impairment charges and pay-TV subscriber additions slowed. Former unit EchoStar Corp. also swung to a loss.

London, UK, August 6, 2013 — Inmarsat plc. has reported slightly higher revenues and profits in the first half of the year, fuelled by strong growth in demand for broadband communications on ships and aircraft. Inmarsat reported first half 2013 revenues of US$635.2 million, up 1 percent than the US$629.6 million during the same period last year. Its adjusted EBITDA was US$327.2 million for the first half of the year versus $332.1 million last year while profit before tax was US$185.5 million against US$222.8 million last year.

Washington, D.C., August 1, 2013 — Intelsat S.A. reported a slight rise in revenue to US$ 653.8 million but posted a net loss of US$ 408.3 million, or US$ 4.19 per share, for the three months ended June 30, 2013.  The loss, however, included US$ 366.8 million for pre-tax charges related to early extinguishment of debt resulting from debt paydowns resulting from the company’s April 2013 initial public offering and debt refinancing activity in the second quarter.

Ottawa, August 1, 2013 — Telesat Holdings Inc.’s two new satellites – the Nimiq 6 and Anik G1 – have led to higher revenues of CDN$ 216 million (US$208.65 million) for the three months ending June 30, 2013, the company said on Thursday. The revenue growth contributed to a net income of CDN$ 15 million (US$14.49 million) for the quarter, reversing a loss of Ca$244 million (US$235.70 million) the firm recorded a year ago.

Houston, Tex., August 1, 2013--RigNet, Inc., aprovider of managed remote communications solutions to the oil and gas industry, today announced a strategic deal with Inmarsat plc involving the sale of Inmarsat's Energy Broadband business to RigNet and the appointment of RigNet to become a key distribution partner to deliver Inmarsat's Global Xpress ("GX") and L-band services to the energy sector worldwide.

El Segundo, Calif., August 1, 2013 — DirecTV announced an increase in second quarter 2013 revenues by 7 percent to US$ 7.7 billion but the pay-TV company suffered a decline in its net profit to US$ 660 million.

Paris, France, July 31, 2013--Eutelsat announced it has reached an agreement to acquire 100% of Satélites Mexicanos, S.A. de C.V. ("Satmex") for an enterprise value of US$1,142 million. This acquisition, together with the recently ordered EUTELSAT 65 West A satellite, will position the group as a major satellite operator in Latin America, reflecting its strategy to expand in high growth markets.

July 30, 2013, Germantown, Md.--Hughes Network Systems announced today that it has achieved carrier data rates exceeding 1 Gbps on its JUPITER System. Hughes believes this achievement to be a technology first for High Throughput Satellite (HTS) systems, resulting in more subscribers per satellite and greater capacity per subscriber.

Annapolis, MD., July 26, 2013--TeleCommunication Systems, Inc. (TCS)  reported results for the second quarter ended June 30, 2013. Revenue was US$ 92.8 million, down 19% due mainly to lower government pass-through sales. Gross profit was up 4% to US$ 35.9 million.