News Analysis

Singapore, August 14, 2013 — Singapore Telecommunications Ltd. has decided not to sell its Optus Satellite division after reportedly failing to get an offer more than US$ 1.8 billion that the company was targeting.

Petah Tikva, Israel, August 14, 2013 — Gilat Satellite Networks Ltd. reported on Wednesday lower revenues for the second quarter of 2013 at US$ 80.2 million, compared to US$ 82.8 million in the first quarter of 2013 and $85.3 in the second quarter of 2012.

Rochelle Park, NJ, August 8, 2013 — Orbcomm Inc. reported on Wednesday better second quarter 2013 revenues rising 13.7 percent over prior year to $18.6 million resulting in net income of US$ 1.7 million or $0.04 per share, better than the analyst estimate of US$ 0.02.

Carlsbad, Calif., Aug. 6, 2013 — ViaSat Inc. posted a record 33 percent increase  in revenue to US$ 321.1 million for first quarter fiscal 2014, narrowing its loss to US$ 1.8 million or $0.04 per share, from a loss of $14.4 million or $0.33 per share from the same period last year.

Englewood, Colo., August 6, 2013 — Dish Network Corp. reported today second-quarter loss as the company was hit by large impairment charges and pay-TV subscriber additions slowed. Former unit EchoStar Corp. also swung to a loss.

London, UK, August 6, 2013 — Inmarsat plc. has reported slightly higher revenues and profits in the first half of the year, fuelled by strong growth in demand for broadband communications on ships and aircraft. Inmarsat reported first half 2013 revenues of US$635.2 million, up 1 percent than the US$629.6 million during the same period last year. Its adjusted EBITDA was US$327.2 million for the first half of the year versus $332.1 million last year while profit before tax was US$185.5 million against US$222.8 million last year.

Washington, D.C., August 1, 2013 — Intelsat S.A. reported a slight rise in revenue to US$ 653.8 million but posted a net loss of US$ 408.3 million, or US$ 4.19 per share, for the three months ended June 30, 2013.  The loss, however, included US$ 366.8 million for pre-tax charges related to early extinguishment of debt resulting from debt paydowns resulting from the company’s April 2013 initial public offering and debt refinancing activity in the second quarter.

Ottawa, August 1, 2013 — Telesat Holdings Inc.’s two new satellites – the Nimiq 6 and Anik G1 – have led to higher revenues of CDN$ 216 million (US$208.65 million) for the three months ending June 30, 2013, the company said on Thursday. The revenue growth contributed to a net income of CDN$ 15 million (US$14.49 million) for the quarter, reversing a loss of Ca$244 million (US$235.70 million) the firm recorded a year ago.

Houston, Tex., August 1, 2013--RigNet, Inc., aprovider of managed remote communications solutions to the oil and gas industry, today announced a strategic deal with Inmarsat plc involving the sale of Inmarsat's Energy Broadband business to RigNet and the appointment of RigNet to become a key distribution partner to deliver Inmarsat's Global Xpress ("GX") and L-band services to the energy sector worldwide.

El Segundo, Calif., August 1, 2013 — DirecTV announced an increase in second quarter 2013 revenues by 7 percent to US$ 7.7 billion but the pay-TV company suffered a decline in its net profit to US$ 660 million.