News Analysis

Petah Tikva, Israel, July 18, 2013--Gilat Satellite Networks Ltd.  today announced that it has revised its management objective targets for 2013. Revenue for 2013 is now expected to be between US$ 335 million to US$ 345 million as compared to the previously stated range of US$ 350 million to US$360 million and EBITDA is expected to be approximately 7% as compared to 9%.

London, UK, July 16, 2013--The European Union’s Digital Agenda calls for every citizen and business to have access to broadband that provides at least 2 megabits per second by 2013. Today that’s largely possible. In fact more than 99% of the population of the EU can get ten times that. “Now that twenty megabit bandwidths are commonly on offer and some tariffs offer customers unlimited data the case for satellite broadband has, in our view, reached a tipping point,” says Oliver Johnson, Chief Executive at Point Topic.

Cambridge, UK, July 15, 2013--Amino Technologies reported on Monday flat revenue of GBP20.1 million pounds (US$30.36 million) for the half year that ended May 31, but said its pretax profit rose to GBP2.6 million (US$3.93 million) from £200,000 (US$302,140) as the company benefited from rebates totalling GBP1.7 million (US$2.57 million) on duties paid on international product sales.

The July-August 2013 issue of  the  Satellite Executive Briefing  focusing on the Latin American Satellite Market sponsored by Hispamar is now available.  Featuring:

Brazil Leads the Way in the Hot Latin American Market  by Virgil Labrador

The 'Invisibility Cloak' Antenna to Alter the Satellite Market Reality by Rajiv Hazaray

Back and Forth with Globecomm CEO David Hershberg by Lou Zacharila

China's Space Program Shifts into High Gear by Peter Galace

plus Conference Reports from Entertainment in the Internet Age and World Telecommunications Policy Forum; IndustryBriefs, Market Briefs, Executive Moves, Vital Statistics and Satellite Markets and Research 25^TM Stock Index  and many more.

 Click here to read or download the issue

New York, NY, July 12, 2013 — In a sudden twist of events, 21st Century Fox, NBCUniversal and The Walt Disney Co. stopped the bidding of Hulu and jointly announced that they will maintain their respective ownership positions in the video company. In a statement, the owners said they agreed to provide cash infusion of $750 million to propel future growth.

New York, NY, July 10, 2013--The increase in digital distribution and the continued shift to mobile devices for the delivery of all communications and content, is helping drive revenues for media and telecom companies, according to a recent poll of industry
executives by KPMG.

Ottawa, Canada, July 9, 2013--C-COM Satellite Systems Inc., a provider of mobile auto-deploying satellite antenna systems, today announced financial results for its second quarter ending May 31, 2013. The company is reporting a net profit of CDN $ 966,997 or 2.8 cents per share compared with results for the same period last year when there was a net profit of CDN $ 542,251, or 1.6 cent per share.

Redmond, Wash.,  July 9, 2013-- Start-up company Kymeta Corporation announced today that it has successfully closed a US$ 50 million Series C financing to accelerate the company’s growth plans. Kymeta, a privately held technology company, designs and manufactures satellite communication antennas and systems. Existing Kymeta investors including Bill Gates, Lux Capital and Liberty Global were joined in the financing by Osage University Partners and The Kresge Foundation.

New York, New York, July 9, 2013--Sirius XM Radio  today announced that it added 715,000 net new subscribers in the second quarter, bringing its total subscribers to more than 25 million.  Strong automotive sales helped drive 15% growth in net additions over the second quarter of 2012 and set a post-merger record for quarterly net subscriber additions. The company also announced that it was raising full-year guidance for total net subscriber additions to 1.5 million from its previous guidance of 1.4 million.

El Segundo, Calif., July 8, 2013 -- Three top pay-TV companies have emerged as the remaining serious contenders for online video service Hulu in a bidding completed on July 5 according to media reports.