News Analysis

Toronto, Canada, July 9, 2024 -- Baylin Technologies Inc. (TSX: BYL)  announced that it has entered into an agreement to sell the company's Mobile and Network business unit to a strategic acquiror from Korea for purchase consideration that includes substantially all liabilities of the business. Subject to receipt of regulatory and other approvals and satisfaction of other closing matters, the company expects to complete the transaction in the third quarter.

Kampala, Uganda July 2, 2024 - GSOA published the latest of its White Papers: “New Satellite Technologies for Transformative Connectivity” during the Global Symposium of Regulators 2024, organized by the International Telecommunication Union (ITU) in Kampala, Uganda. This insightful guide explores the innovative technologies and advancements that are driving the satellite communications industry forward.

Chandler, Ariz. June 18, 2024 — Comtech (NASDAQ: CMTL)  today announced its third quarter fiscal 2024 financial results in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website. Investors are invited to access the third quarter fiscal 2024 shareholder letter at comtech.com/investors/. A copy of the letter will also be filed with the Securities and Exchange Commission in a Form 8-K.

Petah Tikva, Israel, June 17, 2024 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), announced today that it has signed a definitive agreement to acquire Stellar Blu Solutions LLC, which will become a core component of Gilat’s IFC growth strategy.

MarketBrief report on Connectivity Solutions for the Energy Market sponsored by Es'hailSat

Featuring:

Connectivity Solutions for the Energy Market  by Elisabeth Tweedie

Interview with Hamad al-Mannai, Vice-President-Commercial, Es'hailSat

To read or download the pdf of full report click here

by Lou Zacharilla

New York City, NY, May 17. 2024--If you happen to be driving in Iceland admiring its celestially-favored coastal landscape with deeply indented by bays and fiords, you will notice, as you head toward the inland plateau, that along the straight road of a major highway you, your automobile and the highway will slowly but surely curve widely for no apparent reason. No danger in the landscape justifies this arching curveball thrown into the road.  

The May-June 2024 issue of the Satellite Executive Briefing focusing on the Middle East/ North Africa Satellite Market is now available.  Featuring:

Update on the Middle East/North Africa Satellite Market  by Elisabeth Tweedie

TECHBrief: Encoding, Compression, Quantum and Today's Video Quality Imperative by Paul Scardino

Why Did the Elf Cross the Road  by Lou Zacharilla

Virtual Ground Stations

Plus Product and Services MarketPlace Guide to CABSAT 2024, Mergers and Acquisitions, Market Trends, Executive Moves, Vital Stats and many more. Click here to read or download the file

Betzdorf, Luxembourg,  May 1, 2024 -- Satellite  operators SES and Intelsat announced an agreement for SES to acquire Intelsat through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l. for a cash consideration of US$ 3.1 billion (€2.8 billion) and certain contingent value rights. The combination will create a stronger multi-orbit operator with greater coverage, improved resiliency, expanded suite of solutions, enhanced resources to profitably invest in innovation, and benefit from the collective talent, expertise, and track record of both companies,, according to SES in a statement.

McLean, Va. April 18, 2024 – Iridium Communications Inc. (Nasdaq: IRDM),  a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2024 and reiterated its full-year 2024 outlook. Net income was US$ 19.7 million, or $0.16 per diluted share, for the first quarter of 2024, as compared to net income of US$ 9.8 million, or $0.08 per diluted share, for the first quarter of 2023. Operational EBITDA (“OEBITDA”)(1) for the first quarter was US$ 115.0 million, as compared to US$ 111.9 million for the prior-year period, representing a year-over-year increase of 3%. Net income benefitted from a year-over-year decrease in depreciation expense associated with the extension of the estimated useful lives of the Company’s satellites and continued growth in total commercial services revenue.