Eutelsat has sold its interest in the Eutelsat 25B satellite operated at 25.5 degrees East to the co-owner of the satellite, Es’hailSat, for a consideration of €135 million (US$154 million).

The company said Eutelsat’s share of the satellite generated FY2018 revenues of €16 million (US$18.26 milion) in the video application.

It added the divestment of this non-core asset is in line with Eutelsat’s strategy of optimizing its portfolio of businesses in the context of its policy of maximizing cash generation.

This year’s 37th edition of MILCOM, the global stage for innovation in military communications, will be held on October 29-31 at the LAX Marriott in Los Angeles, CA. This year’s conference will focus on the theme Reimagined and Reengineered - New Networking, Education and Building Opportunities.

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT) reported today revenues for Q2 2018 were US$ 66.5 million, compared with US$ 66.2 million in Q2 2017, and its Q2 2018 GAAP operating income increased to US$ 4.1 million, up 121% from Q2 2017.

Yona Ovadia, CEO of Gilat, said the company continued the trend of improvement in profitability as well as continued growth momentum in its business.

Gilat also reported key financial highlights for the quarter as follows:

The World Teleport Association (WTA) today announced that STN has achieved provisional certification of its Slovenia Teleport located near Ljubljana under WTA’s Teleport Certification Program.

At an Extraordinary General Meeting of members today, Casbaa overwhelmingly approved the adoption of a new constitution and new name. Casbaa will now be known as the Asia Video Industry Association (AVIA) and have a new mandate to represent the interests of companies across the broader video industry. The principal objective of AVIA is to make the video industry and ecosystem in Asia Pacific stronger and healthier.

Yahsat, a global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, completed the acquisition of a majority and controlling stake in the mobile satellite services operator Thuraya.

Telesat Canada today reported consolidated revenues of CDN$ 212 million for the three and six-month periods ended June 30, 2018, compared to CDN$ 226 million in the same period in 2017.

Globecomm, a global service provider of multi-network communication solutions, today announced orders valued at over US$ 215 million for its fiscal year 2018, which ended June 30, 2018. Orders from new customers as well as renewals and expansions contributed to robust growth across the company’s government, telecom, enterprise, oil and gas, and media markets.

Intelsat S.A. (NYSE: I) reported total revenues of US$ 537.7 million but suffered a net loss attributable to Intelsat S.A. of US$ 46.8 million for the three months ended June 30, 2018.

Iridium Communications Inc. (NASDAQ:IRDM) announced today that at 04:39:30 am PDT (11:39:30 UTC) a SpaceX Falcon 9 rocket successfully launched 10 Iridium NEXT satellites to low earth orbit (LEO).