News Analysis

McLean, Virginia, June 1, 2017– Intelsat S.A. (NYSE:  I) today announced that the previously announced offer or offers to exchange  certain of the respective outstanding senior unsecured notes issued by its indirect wholly-owned subsidiaries, Intelsat Jackson Holdings S.A., Intelsat Connect Finance S.A., and Intelsat  S.A. and  solicitation or solicitations of consents  to amend the indentures governing the Existing Notes expired pursuant to their terms at 12:00 midnight, New York City time, on May 31, 2017.  As of the expiration date, the minimum tender conditions for the Exchange Offers and Consent Solicitations had not been satisfied.  The Issuers have not accepted any of the Existing Notes for exchange, any Existing Notes tendered for exchange will be promptly returned to holders, and the Exchange Offers and Consent Solicitations have accordingly been terminated.

Vancouver, BC, Canada, June 1, 2017 – Norsat International Inc.  (TSX: NII and NYSE MKT: NSAT), a provider of unique and customized communication solutions for remote and challenging applications, announced that further to its news releases of September 19, 2016, March 17, 2017, March 27, 2017, April 17, 2017, May 15, 2017, May 18, 2017 and May 25, 2017, that it has entered into an amended arrangement agreement with Hytera Project Corp., a subsidiary of Hytera Communications Co., Ltd., pursuant to which Hytera will acquire all the issued and outstanding shares of Norsat for $11.25 in United States dollars (“USD”) in cash per share, pursuant to a court-approved plan of arrangement. 

Houston, Tex., May 22, 2017--RigNet, Inc. (NASDAQ:RNET) today announced that it has acquired Cyphre Security Solutions (“Cyphre”) a cybersecurity company that provides the most advanced enterprise data protection available on the market today. Cyphre’s hardware-based encryption features low latency protection for files at rest and in transit for both public and private cloud, providing higher levels of granularity and control than previously seen in the market.

Paris, France, May 19, 2017 - Eutelsat Communications (Euronext Paris: ETL) and Abertis Group have reached an agreement on the sale of Eutelsat’s 33.69% stake in Hispasat to Abertis. It follows the initiation of the process in July 2016 when Eutelsat exercised the put option granted in 2008 by Abertis, Hispasat’s majority shareholder.

London, UK, May 8, 2017--Global pay TV revenues will peak in 2017 at US$ 202 billion. However, no rapid decline will take place after 2017 as revenues will still be as high as $200 billion in 2022. 

The May 2017  issue of  the  Satellite Executive Briefing magazine  sponsored by Comtech EF Data is now available.  Featuring:

Japanese Satellite Market Update  by Naoakira Kamiya

Satellite Antenna Market Innovations by Virgil Labrador and Peter Galace

Teleport Operators Like What They See in the Sky by Robert Bell

Oilfield Connectivity, HTS and Mobile Backhaul by Martin Jarrold

plus Product and Services MarkePlace Profiles for CommunicAsia 2017, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more.  Click here to read or download the file

Duluth, Georgia, April 18, 2017–Crystal, a provider of advanced software control systems, has completed the acquisition of Video Design Software, Inc. (VDS) a New York-based broadcast control and graphic data insertion software company. 

Cambridge, Mass., April 10, 2017 – NSR’s Satellite Operator Financial Analysis, 7th Edition, released today, finds in an industry fraught with falling prices and indebted behemoths, satellite operators are playing a more aggressive game to find growth. A shift in emphasis, away from the broadcast-dominated days, into a brave new world of HTS, LEOs and MEOs, with radical and sometimes risky changes that are expected to move operator financials forward.

The April 2017  issue of  the  Satellite Executive Briefing magazine  sponsored by The Spaceconnection is now available.  Featuring:

The Satellite Broadcast Market  by Elisabeth Tweedie

VSAT Market Trends by Bernardo Schneiderman

Intelsat and OneWeb Merger: True Love or Shotgun Marriage by Armand Musey

 Atrapi, Startup Space and Swiss Executions  by Lou Zacharilla

Better Satellite World Series: Staging Rescues from Low Earth Orbit

CABSAT Satellite Hub Summit Report by Martin Jarrold

plus Product and Services MarkePlace Profiles for NAB 2017, Mergers and Acquisitions, Executive Moves, Market Briefs, Vital Statistics, Satellite Markets 20 Stock Index and many more.  Click here to read or download the file

Vancouver, British Columbia, Canada, March 27, 2017– Norsat International Inc.  (TSX: NII and NYSE MKT: NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Hytera Project Corp. (“Hytera”) a subsidiary of Hytera Communications Co., Ltd. pursuant to which Hytera will acquire all the issued and outstanding shares of Norsat for $10.25 in United States dollars (“USD”) in cash per share, pursuant to a court-approved plan of arrangement (the “Arrangement”).  All unexercised options and restricted share units will also be acquired under the Arrangement. The proposed transaction values Norsat at an equity value of approximately $62 million USD.