News Analysis

London,UK,  Aug 29, 2017- Speedcast International Limited (ASX:SDA), a provider of fully managed, remote communication and IT solutions, today announced its financial results for the six-month period ended  June 30, 2017, with group revenues of US$ 246.3 million, a 143% period-on-period increase.

Hauppagge, NY, August 9, 2017--Globecomm Systems Inc., a service provider designing, integrating, and operating complex communication solutions differentiated by capabilities in satellite and wireless, announced today that an investor group led by HPS Investment Partners, LLC and funds managed by Tennenbaum Capital Partners, LLC  have entered into a definitive agreement to acquire Globecomm from a New York-based private equity firm. Terms of the transaction were not disclosed. 

Petah Tikva, Israel , August 8, 2017 – Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a  leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2017.

Silver Spring, Md, August 1, 2017 – Discovery Communications, Inc. (Nasdaq: DISCA, DISCB, DISCK) and Scripps Networks Interactive, Inc. (Nasdaq: SNI) (“Scripps”) today announced that they have signed a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at US$ 14.6 billion, or $90 per share, based on Discovery’s Friday, July 21 closing price. The purchase price represents a premium of 34% to Scripps’ unaffected share price as of Tuesday, July 18, 2017. The transaction is expected to close by early 2018.

Tysons Corner, Va., July 27, 2017 Satellite operartor Intelsat S.A. (NYSE: I), today announced financial results for the three months ended June 30, 2017. Intelsat reported total revenue of US$ 533.2 million and a net loss attributable to Intelsat S.A. of US$ 23.8 million for the three months ended June 30, 2017.

Ottawa, Canada, July 25, 2017-Telesat Canada  today announced its financial results for the three and six-month periods ended June 30, 2017.  For the quarter ended June 30, 2017, Telesat reported consolidated revenues of CDN $226 million, or a decline of 3% ($6 million) from the same period in 2016.

Washington D.C., July 24, 2017-- Speedcast International Limited (ASX: SDA), today announced it has entered into a definitive agreement to acquire UltiSat for a purchase consideration of up to USD$100 million, payable over two years and subject to the ongoing financial performance of the company. UltiSat is a leading provider of remote communications and professional services to governments, in particular the US government, and to international government organizations (IGOs) and non-governmental organisations (NGOs). The acquisition strengthens Speedcast?s position in the government and NGO sectors, complementing Speedcast?s government activities in Australia, Asia, Europe and Latin America.

Ottawa, Canada, July 18, 2017--C-COM Satellite Systems Inc. (TSXV: CMI), a leading global provider of mobile auto-deploying satellite antenna systems, announced today financial results for its second quarter ended May 31, 2017. The company declared its 21st consecutive quarterly dividend payment and its 25th consecutive profitable quarter.

Washington, D.C., July 11, 2017–The Satellite Industry Association (SIA) today released its 2017 State of the Satellite Industry Report at an industry briefing held in Washington, D.C. For 20 years, SIA has been publishing the leading analysis of the satellite industry. The industry report produced by Bryce Space and Technology, LLC, is derived from proprietary surveys of satellite companies, indepth public information, and independent analysis which are combined to assess the performance of key satellite industry sectors including satellite services, ground equipment, launch services and manufacturing.

Palo Alto, Calif., July 5, 2017--Odyssey Investment Partners, LLC (Odyssey) has entered into an agreement to acquire CPI International Holding Corp. (CPI) from affiliates of Veritas Capital (Veritas).  Financial terms of the agreement were not disclosed.