News Analysis

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."

Brussels, Belgium, August 1, 2023 – Investments in satellite services operating in the 7 GHz to 24 GHz frequency range have generated economic benefits of more than US$ 555 billion, according to a new report by Plum for GSOA. The consulting firm found that ongoing access to these spectrum bands, which are the subject of several agenda items at the forthcoming World Radiocommunication Conference (WRC-23)[1], is of critical importance to the satellite industry and its customers.

Fremont, Calif., July 18, 2023 -- AERKOMM Inc., a leading US-based space technology company, is pleased to announce its expansion of operations in Taiwan and ongoing discussions regarding a potential merger between its subsidiary, AERKOMM Taiwan Inc., and EJECTT Inc. (3089.TWO). This strategic move aims to seize opportunities in the growing satellite business sector and reinforce AERKOMM's position in the global satellite market.

Madrid, Spain, June 21, 2023 -  Alén Space has just entered into an acquisition agreement with the multinational tech firm GMV, which will make it part of GMV’s global business group. 

Munich, Germany, June 20, 2023 – Vyoma, a Germany-based Space Situational Awareness (SSA) and Space Traffic Management (STM) company, announces the closure of its Seed round with Safran Corporate Ventures as co-investor. Safran’s venture capital arm funds transformative technologies and supports deep-tech companies that have the potential to reshape the European aviation, space and defense sectors.

Hong Kong, June 20,  2023 – Asia Satellite Telecommunications Co. Ltd.  has announced its 100% acquisition of Lightning International Limited, the content distribution and media solutions company based in the UK and Hong Kong. The addition of Lightning into the AsiaSat family is a strategic move to expand the company’s services and extend its clients’ reach to global audiences through traditional and new distribution platforms including OTT and FAST, according to the company.