News Analysis

Istanbul, August 23, 2013 — The Savings Deposit Insurance Fund of Turkey (TMSF) is considering the initiation of a tender for the sale of pay-television platform Digitürk although the process has not been finalized.

Hong Kong, 22 August 2013 — Asian satellite operator Asia Satellite Telecommunications Holdings (AsiaSat) reported a first half 2013 profit of HK$401 million (US$51.71 million), up 1.4 percent from HK$395 million (US$50.4 million) during the same period last year. The rise in profit despite a fall in revenues is mainly a result of the reduction in certain professional fees, coupled with careful management of expenditure.

Cedar Rapids, IA, August 21, 2013 — Rockwell Collins, Inc. is acquiring ARINC Inc., a communications engineering and information processing solutions company, for US$ 1.39 billion.

Houston, Tex., August 22, 2013-- Kohlberg Kravis Roberts & Co. L.P., a global investment firm, today announced the signing of a definitive agreement under which funds advised or controlled by KKR are acquiring a significant minority stake in RigNet from Cubera, an investment firm specializing in the Nordic private equity market.

Petah Tikva, Israel, Aug. 19, 2013-- Gilat Satellite Networks Ltd. today announced that it has entered into a definitive agreement to sell its Spacenet Inc.  subsidiary to Tulsa, Oklahoma-based SageNet. The aggregate consideration for the sale is approximately US $16 million, subject to certain post-closing adjustments and expenses.

Jeddah, Saudi Arabia, August 19, 2013--Es’hailSat, the Qatar Satellite Company, and ARABSAT today announced the signing of a strategic partnership agreement to promote closer co-operation between the two companies and strengthen the reach and penetration of the 26 degrees East hot spot neighborhood for TV broadcasting.

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.