News Analysis

ETL Systems Acquires SpacePath Communications to Strengthen Global Satellite Communications Offerings

London, UK, October 21, 2024ETL 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.

Iridium Announces Record Third-Quarter 2024 Results; Improves 2024 OEBITDA Outlook

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.

Comtech Announces Transformation Strategy and Capital Structure Update

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.

Marlink Group Acquires Port-IT

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.

DIRECTV to Acquire EchoStar's Video Distribution Business, Including DISH TV and Sling TV

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.

ATLAS Space Operations raises $15m in growth investment round led by NewSpace Capital

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.

Network Innovations Announces the Acquisition of Satellite Services Provider, Infosat Communications

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.

ITU publishes updated global treaty to optimize radio spectrum management and advance technological innovation

Geneva,  September 2, 2024 - ​​The International Telecommunication Union (ITU) released today an updated version of the Radio Regulations, the international treaty governing the global use of radio-frequency spectrum and satellite orbits.