KVH Industries, Inc., (Nasdaq: KVHI) reported financial results for the second quarter ended June 30, 2015 today. Overall revenues grew 10% to US$ 44.9 million (consensus $44.0 million), reflecting service growth of 35% (organic growth of 6%) and a 14.5% decline in hardware revenues (largely defense-related).
Highlights of the report include:
Private equity fund manager Northgate Capital has acquired a majority stake in Elara Comunicaciones, S.A.P.I. de C.V. through a transaction in which Northgate will invest up to US$ 38 million in both primary and secondary transactions.
The World Radiocommunication Conference, the international treaty-making Conference, will review the international regulatory framework for radiocommunications – the Radio Regulations – and revise them as needed to take into account the rapid evolution of information and communication technologies (ICT), ensuring that reliable radio services are available everywhere, enabling people to live and travel safely and enjoy high performance radiocommunications.
For the quarter ended June 30, 2015, Telesat reported consolidated revenue of CDN$ 227 million, an increase of CDN$ 1 million compared to the same period in 2014. During the quarter, the U.S. dollar was 13% stronger than it was during the second quarter of 2014, resulting in a positive impact on the conversion of U.S. dollar denominated revenue and a negative impact on the conversion of U.S. dollar denominated expenses.
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the second quarter of 2015 and updated its full-year 2015 and long-range outlook. Net income was US$ 26.0 million, or US$ 0.21 per diluted share, for the second quarter of 2015, as compared to US$ 15.0 million, or US$ 0.14 per diluted share, for the second quarter of 2014.
Intelsat S.A. (NYSE: I) today reported total revenue of US$ 598.1 million and net income attributable to Intelsat S.A. of US$ 60.2 million, or US$ 0.47 per common share on a diluted basis, for the three months ended June 30, 2015. The company reported adjusted net income per diluted common shareof $0.70 for the three months ended June 30, 2015.
Eutelsat reported revenues of €1,476m up 4.0% , and 9.5% on a reported basis for the full year ending June 30, 2015. With an EBITDA margin of 76.7% the cmpany reported high level of profitability and the results wee fully in line with objectives.
Video interviews with key industry executives from the Latin American Satellite Communications and Broadcasting Summit (LATSAT) 2015 in Mexico City organized by Euroconsult, including: Dolores Martos, MD-Americas and Erwi
Video interviews with key industry executives from CommunicAsia 2015 in Singapore including: Andreas Bernhardt, CEO of ND SATCOM; Mario Querner
SpeedCast International Limited today announced that it has signed a definitive agreement to acquire SAIT Communications, a fast-growing maritime communications service provider in southern Europe. SAIT Communications is one of the leading suppliers of L-band satellite services in the southern European maritime market, in particular Greece, which is one of the largest maritime markets in Europe, as well as Cyprus.