MDA Space Ltd. (TSX: MDA),and SatixFy Communications Ltd. (NYSE American: SATX)oday jointly announced that they have entered into a definitive agreement under which MDA Space will acquire all outstanding shares of SatixFy in an all-cash transaction for US$ 2.10 per share. The transaction, which represents an equity value for SatixFy of approximately US$ 193 million (approximately CDN$ 278 million).
Satellite operator Telesat (NASDAQ and TSX: TSAT) today announced its financial results for the three and twelve-month periods ended December 31, 2024. For the year ended December 31, 2024, Telesat had a net loss of CDN$ 302 million compared to net income of CDN$ 583 million for the prior year. The negative variation of $886 million was principally due to the impact of shifts in foreign exchange rates on the Canadian dollar value of our U.S.
C-COM Satellite Systems Inc., (TSXV: CMI and OTCQB: CYSNF), a provider of commercial grade mobile auto-deploying satellite antenna systems, announced today its financial results for its fiscal year ended November 30, 2024. The Company generated revenues of CDN$ 7,886,850, down 5% compared to 2023’s revenues of CDN$ 8,294,957.
All amounts are in Canadina dollars (CDN$)
The highly anticipated CABSAT and Integrate Middle East (Integrate ME) are set to return in 2025 with their latest editions, taking place from 13 to 15 May 2025, at the Dubai World Trade Centre (DWTC). These renowned events will unite leading professionals from the media, content, broadcast, Pro AV, and technology sectors to explore cutting-edge innovations and trends reshaping the future of these industries.
Increasing incidents of interference with aviation, maritime and other satellite telecommunications services mean states must urgently enhance the protection of a critical radio-frequency band, the International Civil Aviation Organization (ICAO), International Telecommunication Union (ITU) and International Maritime Organization (IMO) said with “grave concern" in a joint statement.
The 2025 SATELLITE Conference & Exhibition united the global satellite and space community and welcomed the debut of GovMilSpace from March 10-13, 2025, in Washington, D.C. This year, SATELLITE Week drew 14,904 attendees and a show record 473 exhibitors to the Walter E.
On April 2nd 2025, Intersputnik International Organization of Satellite Communications in partnership with Satellite Market and Research, a California-based publishing firm and online portal specializing in the global satellite industry, will hold an international online conference NatSatTel 2025 focusing on the theme of “Key Trends and Opportunities in the Global Satellite Industry”.
The March 2025 issue of the Satellite Executive Briefing is now available. Featuring:
Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported financial results for its second quarter ended January 31, 2025. the company reported an operating loss of US$ 10.3 million, net loss of US$ 48.7 million and Adjusted EBITDA (a Non-GAAP measure) of US $2.9 million
