News Analysis

McLean, Va., May 14, 2020-Satellite operator Intelsat has filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division. The company said the bankruptcy filing is part of a "financial restructuring" that is "intended to enhance the company’s liquidity and will likely result in a substantial reduction of Intelsat’s legacy debt burden, allowing for Intelsat to emerge with a strengthened balance sheet to complement its strong operating model and future growth plans."

Paris, France,May 14, 2020–Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) today reported revenues for the Third Quarter and Nine Months ended 31 March 2020.  Third Quarter Operating Verticals revenues down 1.6% year-on-year; up 1.2% quarter-on-quarter while broadcast showing resilience, with return to slight growth quarter-on-quarter.

London, UK, May 12, 2020--Flat panel antenna manufacturer Phasor Solutions UK has filed for bankruptcy in the UK according to various media reports.  The company is based in Arlington, Virginia in the US and has a technology development center in the UK.  The company has previously filed for Chapter 11 Bankruptcy Protection in the US in 2017.

Colorado Springs, Colo., May 6, 2020--Amergint Technology Holdings today announced it has acquired Tethers Unlimited, Inc. (TUI), a leader in new space solutions for the small satellite market. The transaction will bring together Amergint Technologies, Inc. and TUI to provide integrated end-to-end solutions for satellite communications and in-space services to the space market.

May 5, 2020--This month the Satellite Markets and Research asked executives of satellite companies from all over the world on what impact has the global COVID-19 pandemic has had on their business and what measures have they taken to respond to the crisis and how they see their companies emerging from all these.  The companies represent a cross-section of the various segments of the industry including manufacturers and service providers.  Here are their responses:

by Lou Zacharilla

New York City, NY, May 4, 2020--They can call it what they want.  I call it “UNsocial distancing.” Let’s face it, living life online sucks.  It always has.  It always will.  I’m sorry.  I just like being with people.  I like schmoozing.  I like talking – about anything. I even can tolerate close talkers who spit a little – although not these days!  

by Hari Aburri

May 4, 2020--If there’s one thing the global business community has learned from the COVID-19 pandemic that continues to ebb, flow and unfold on the daily, wreaking having on bottom lines in every corner of the world in its wake, it’s the outright imperative for companies to be agile “from top to bottom.”  In fact, agility is rapidly establishing itself as “the great equalizer,” asserting its unbridled authority over which companies—from global conglomerates to mom and pops...and EVERYTHING in between—will survive another day. 

by Hub Urlings, Herbie Rijndorp and Marco Franken

Amsterdam, the Netherlands, May 4, 2020--Recent developments in IoT connectivity and the coming of ubiquitous global low cost IoT connectivity are bound to cause a major technology disruption in the meteorological  world.  

The May 2020 issue of  the Satellite Executive Briefing magazine is now available.  Featuring:

Vertical Markets for Satellite IoT by Hub Urlings, Herbie Rijndorp and Marco Franken

Business Agility Lessons from the COVID-19 Pandemic by Hari Abburi

Satellite Companies' Responses to the COVID-19 Pandemic 

The Satellite Ecosystem and COVID-19  by Martin Jarrold

Better Satellite World Series: In Search of the World's Missing Girls

Zoom This  by Lou Zacharilla

PLUS 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

Middletown, RI, May 1, 2020--KVH Industries reported Net loss from continuing operations in the first quarter of 2020 of  US$ 6.2 million, or $0.35 per share, compared to a net loss of $6.5 million, or $0.38 per share in the first quarter of 2019. •Non-GAAP net loss from continuing operations in the first quarter of 2020 was $4.3 million, or $0.25 per share, compared to $3.8 million, or $0.22 per share in the first quarter of 2019.