News Analysis

Comtech Telecommunications Corp. Announces Results for Its Fiscal 2021 First Quarter and Updates Its Financial Targets for Fiscal 2021

Melville, NY, December 9, 2020--Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the first fiscal quarter ended October 31, 2020 and updated its financial targets for fiscal 2021. The company reported consolidated net sales of US$ 135.2 million and Adjusted EBITDA of $14.3 million (or 10.6% of consolidated net sales) exceeded Comtech's expectation for its first quarter of fiscal 2021. 

World Teleport Association Publishes Top Operator Rankings for 2020

New York City, NY, December 8, 2020–The World Teleport Association (WTA) today published its annual rankings for the Top Teleport Operators of 2020. The annual rankings of companies by revenue and revenue growth are compiled by surveying teleport operators around the world as well as referencing the published results of publicly-held companies.

The Satellite Industry in a Post-Pandemic World

by Elisabeth Tweedie

London, UK, December 4, 2020--“And now for something completely different.”  Words first uttered by John Cleese in 1971, and repeated by Lorraine Whitfield, Chief Events and Marketing Officer, Euroconsult, at the opening of this year’s World Satellite Business Week.  Words that sum up, not only this conference, being the first time that WSBW has been a virtual conference, but words that also sum up this year for most of us.   

And Yet...

by Lou Zacharilla

New York City, NY, December 3, 2020--Given the choice between wrestling a live alligator in a Florida pond and living through the events of 2020 again, I would take my chances with the gator.  As we finish our current orbit around the Sun, we have experienced 365 days, 5 hours, 59 minutes and 16 seconds that felt like a Martian year.  

Intelsat Completes Acquisition of Gogo Commercial Aviation

McLean, Va., December 1, 2020 – Intelsat today completed its acquisition of the Commercial Aviation business of Gogo, creating the world’s leading provider of inflight broadband connectivity to the commercial aviation industry.

Better Satellite World: Mission to the Future

New York City, NY, December 1, 2020--When the first people from planet Earth went into space in the 1960s, it was the thrill of a lifetime.  But we didn’t stay there long.

 

 

Telesat to Become Public Company through Agreement with Loral Space & Communications and PSP Investments

Ottawa, Canada, November 24, 2020–Telesat Canada announced today that it has entered into an agreement with Loral Space & Communications Inc. (NASDAQ: LORL) (Loral) and Public Sector Pension Investment Board (PSP Investments) pursuant to which Telesat Canada and Loral will become subsidiaries of Telesat Corporation (Telesat), a new publicly traded Canadian incorporated and controlled company.  

OneWeb Successfully Emerges From Chapter 11, Appoints New CEO

London, UK, November 20, 2020--OneWeb, the Low Earth Orbit (LEO) broadband satellite communications company, announces its emergence from U.S. Chapter 11 bankruptcy protection and achievement of all relevant regulatory approvals. A consortium of UK Government (through the UK Secretary of State for Business, Energy and Industrial Strategy) and Bharti Global, has invested US $1 Billion of new equity to offer broadband connectivity services, via a constellation of 650 LEO satellites.

Viasat Will Acquire Remaining Stake in its European Broadband Joint Venture

Carlsbad, Calif., November 18, 2020 – Viasat Inc. (NASDAQ: VSAT) today announced it will strengthen its European presence by purchasing the remaining 51% share of Euro Broadband Infrastructure (EBI), the wholesale broadband services business created as part of Viasat’s former partnering arrangement with Eutelsat Communications.