News Analysis

Trends in the Satellite Industry from a User’s Perspective

by Krasimir Terziev

Sofia, Bulgaria, March 9, 2020--This month Satellite Executive Briefing welcomes the views of Krasimir Terziev, Head of International Sales for Satellite services at VIVACOM--Bulgaria’s largest telecommunications company.  He is also a member of the Board of Directors of Trakia University where is spearheading innovative training and educational initiatives in the telecommunications and satellite field. Follows are his insights:

Comtech Reports Net sales for 2Q of fiscal 2020 of US$ 161.7 million

Melville, NY, March 4, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January 31, 2020 and updated its fiscal 2020 guidance. The company reported net sales for the second quarter of fiscal 2020 were $161.7 million.

AXESS Networks: A Merger with a Lot of Synergy

by Virgil Labrador, Editor-in-Chief

Ruppichteroth, Germany, March 2, 2020--In September 2019, Latin America-based Axesat and Germany-based CETel, two leading companies  in the provision of satellite communications solutions, announced a merger to form AXESS Networks. Supported by Aksiom Group Limited, a specialist in the development of high growth technical services companies,  the new company has a substantial presence in the Americas, Europe, Middle East and Africa.

New Space Trends

by Omkar Nikam

Strasbourg, France, March 2, 2020--The past year saw major traction in the global space sector from  both the government and private sectors. As many governments have taken the initiative to use space as an essential asset for the national economy, satellite applications are making inroads in the space market. 

Telesat Reports Results for the Quarter and Year Ended December 31, 2019

Ottawa, Canada, February 27, 2020--Telesat today announced its financial results for the three-month and one-year periods ended December 31, 2019. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted. For the year ended December 31, 2019, Telesat reported consolidated revenue of $911 million, an increase of 1% ($8 million) compared to the same period in 2018.

Iridium Reports 4Q 2019 results and Full-year 2020 Guidance

McLean, Va, February 25, 2020–Iridium Communications Inc. (Nasdaq:IRDM)  today reported financial results for the fourth quarter of 2019 and issued its full-year 2020 guidance. Net loss was $107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019, as compared to net loss of $7.6 million, or $0.09 per diluted share, for the fourth quarter of 2018.

Intelsat Announces Fourth Quarter and Full-Year 2019 Results

Luxembourg, Feb. 20, 2020-- Intelsat S.A. (NYSE: I), today announced financial results for the three months and full-year ended December 31, 2019. Intelsat reported total revenue of $517.0 million and net loss attributable to Intelsat S.A. of $115.0 million for the three months ended December 31, 2019. For the year ended December 31, 2019, Intelsat reported total revenue of $2,061.5 million and net loss attributable to Intelsat S.A. of $913.6 million.

Gilat Reports Q4 and Full Year 2019 Results

Petah Tikva, Israel – February 19, 2020 – Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2019.

Comtech Telecommunications Corp. to Acquire Gilat Satellite Networks for US$ 532.5 Million

Melville, NY, January 29, 2020--Comtech Telecommunications Corp. (Nasdaq: CMTL)  and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT)  announced today that Comtech has agreed to acquire Gilat in a cash and stock transaction for US$ 10.25 per Gilat ordinary share of which 70% will be paid in cash and 30% in Comtech common stock, resulting in an enterprise value of approximately US$ 532.5 million.