News Analysis

Adelaide, South Australia, September 4, 2023 - Fleet Space Technologies announced a collaboration with Thor Energy Plc to redefine their mineral exploration approach through cutting-edge space-enabled technology. 

The September 2023 issue of the Satellite Executive Briefing focusing on the Video Market for Satellites sponsored by Comtech is now available.  Featuring:

The Changing Video Market for Satellites by Elisabeth Tweedie

Show Reports:  Asia Satellite Business Week, Singapore by Blaine Curcio  AI for Good 2023, Geneva by Roxana Dunnette

Executive Spotlight: Phoebe Wang, VP-Asia, Thuraya

In Memoriam: Zvi Golod

Company Spotlight: Jonsa Technologies

India's Road Less Travelled by Lou Zacharilla

Better Satellite World: Finding Energy in Ocean Waves

Plus Mergers and Acquisitions, Market Trends, Executive Moves, Vital Stats, Product and Services Marketplace Guide to IBC 2023 in Amsterdam and many more. Click here to read or download the file

Rehovot, Israel, September 1, 2023--SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN: SATX) announced a US$ 60 million transaction with MDA Ltd. (TSX: MDA), selling SatixFy’s holdings in its SatixFy Space Systems UK Ltd, one of SatixFy’s UK based subsidiaries, to MDA as well as an additional US$ 20 million in advanced payments under new commercial agreements which includes the previous $10 million advanced payment made in June to be applied to future orders of space grade chips.

by Elisabeth Tweedie, Associate Editor

Los Angeles, September 1, 2023--Low earth orbit (LEO) satellites are grabbing the majority of headlines, when satellite is being written about.  But there is one aspect of their business that to date, has not received much publicity, their role in video contribution for the broadcast and media industries.  Historically, all off-site video for news, sporting events and other major productions were transmitted back to base by satellite links. 

Ottawa, Canada, August 11, 2023 –Satellite operator Telesat (NASDAQ and TSX: TSAT) today announced its financial results for the three and six-month periods ended June 30, 2023.  For the quarter ended June 30, 2023, Telesat reported consolidated revenue of CDN$180 million, a decrease of 4% (CDN$ 7 million) compared to the same period in 2022. When adjusted for changes in foreign exchange rates, revenue declined 6% (CDN$ 12 million) compared to 2022. 

Petah Tikva, Israel, August 8, 2023 – Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), reported today its results for the second quarter, ended June 30, 2023. The company reported that GAAP Operating Income more than tripled and Adjusted EBITDA Grew by 74%. 

Abu Dhabi, UAE, August 8, 2023 - Al Yah Satellite Communications Company PJSC, the UAE’s flagship satellite solutions provider listed on the Abu Dhabi Securities Exchange (”ADX”, under symbol: YAHSAT, ISIN: AEA007501017) announced today its consolidated financial results for the six months ended 30 June 2023.

Littleton and Englewood, CO, August 8, 2023 - DISH Network Corporation (Nasdaq: DISH) and EchoStar Corporation (Nasdaq: SATS) today announced they have entered into a definitive agreement for DISH Network to combine with EchoStar Corporation in an all-stock merger at a fixed exchange ratio. The transaction was negotiated and recommended by Special Committees of Independent Directors of both companies and unanimously approved by the Boards of Directors of both companies.

Luxembourg, August 3, 2023 -- Satellite operator SES S.A. announces financial results for the six months ended June 30, 2023.  Ruy Pinto, CEO of SES, commented: “The strong start to the year continued into Q2 resulting in a solid H1 financial performance and confirmation of the 2023 financial outlook. Networks is growing on the back of strong performance in Mobility and robust outturns in Government and Fixed Data. In Video, we have signed additional important renewals which underpin the long-term cash fundamentals and value of our direct-to-home neighbourhoods."