News Analysis

Sydney, Australia, Nov 2, 2020--Following a two-year partnership, which has delivered NBN Co's Business Satellite Services to businesses across Australia, Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDQ) has today announced it has sold selected functions of its wholly-owned subsidiary and dedicated entity, Speedcast Managed Services, to Australian government-owned infrastructure provider, NBN Co.

Paris, France, October 29, 2020--Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2020. The company reported Operating Verticals revenues of €307 million, down 1.9% like-for-like and total revenues down 0.7%. Backlog of €4.4bn, up 3% year-on-year.

McLean, Va., Oct. 20, 2020-- Iridium Communications Inc. (Nasdaq: IRDM)today reported financial results for the third quarter of 2020 and updated its full-year 2020 outlook. Net loss was US$ 4.0 million, or $0.03 per diluted share, for the third quarter of 2020, as compared to net loss of US$ 18.0 million, or US$ 0.14 per diluted share, for the third quarter of 2019.  This decrease in net loss was primarily the result of lower net interest expenses related to the refinancing of Iridium's credit facility and high-yield notes from the year ago period. 

Ottawa, Canada, October 20, 2020 – C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF), a provider of mobile auto-deploying satellite antenna systems, announced today its financial results for the third quarter ended August 31, 2020. C-COM generated revenues of CDN $1,773,918 and net after tax income of CDN $210,856 or 1 cent per share. This compared with revenues of CDN $1,453,446 and a net after tax loss of CDN $346,290 or -1 cent per share for Q3, 2019 - representing increases of 22% and 161% respectively.

Uppsala, Sweden, October 15, 2020--AAC Clyde Space has reached an agreement to acquire 100 percent of the shares in SpaceQuest, Ltd in an all shares deal in a payment of 24,000,000 new AAC shares to the current owners of Space Quest. The acquisition is subject to approval by the AAC Extraordinary General Meeting (EGM) and The Committee on Foreign Investment in the United States (CFIUS).

by Virgil Labrador, Editor-in-Chief

Los Angeles, Calif., October 9, 2020--The Satellite Mobility market consists of three key verticals: the aeronautical/in-flight;  maritime and land mobile communications on the move (COTM) markets.  Of those three markets that cover the air, sea and land, two of those verticals are probably the hardest hit sectors of the satellite industry by the ongoing global COVID-19 pandemic.

Santa Clara, Calif., October 7, 2020--Momentus, a commercial space company offering in-space transportation and infrastructure services, today announced it has signed a definitive merger agreement with Stable Road Acquisition Corp. that will result in the company becoming publicly listed.

Melville, NY, October 5, 2020--Comtech Telecommunications Corp. (Nasdaq: CMTL)  and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT)  announced today that the companies have agreed to terminate the merger agreement first announced on January 29, 2020 and have settled all pending litigation in the Delaware Court of Chancery. In connection with the termination and settlement agreement, Comtech has agreed to make a payment of US$ 70.0 million to Gilat.

The October 2020 issue of  the Satellite Executive Briefing magazine focusing on  Satellite Mobility Market sponsored by Advantech Wireless is now available.  Featuring:

Whither the Satellite Mobility Market? by Virgil Labrador

Case Study: Managing an Outside Broadcast Fleet

Challenges for LEO HTS Megaconstelllations: Terrestrial Networks Integration  by Muhammad Furqan and Waheeb Butt

Executive Spotlight: Hans Massart, Head-Broadcast and Media, ST Engineering iDirect

Leaning Into Risk by Lou Zacharilla

Digitization, "Actionable Intelligence" and a Global Digital Ecosystem by Martin Jarrold

Company Spotlight: Revgo Global

PLUS Product and Services Spotlight, 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

Odense, Denmark, September 10, 2020--QuadSAT, a Danish company providing innovative test and measurement systems of satellite antennas, announced today that it has closed a €2 million Pre-Series A Investment, the largest venture investment in a Danish drone tech company in history. The round was led by Seraphim CapitalVaekstfonden, the Danish state’s investment fund, and Angel Investor, Helge Munk.