In another bold attempt Charles Ergen, chairman of Dish Network Corp., has offered to buy broadband company LightSquared Inc., which is in bankruptcy proceedings, for its wireless airwaves for US$ 2 Bil.
Reports from Reuters and Bloomberg say Ergen offered $2 billion for LightSquared spectrum.
Over 80 New Exhibitors will participate at Asia’s largest trade show
New NSR Report Pinpoints Game-Changing Improvements in an Increasingly Competitive Industry
NSR’s Satellite Manufacturing and Launch Services (SMLS), 3rd Edition report describes the difficulties of an industry facing a low demand period and the technologies and changes that will greatly improve the industry value proposition over the next decade.
Thailand-based satellite operator Thaicom posted a net income of US$11.08 million (THB 330 million) in the first quarter, up from US$1.41 million (THB 42 million) in the year-ago period equivalent to an increase by almost 300 percent.
Total revenues were US$64.18 million (THB 1.91 billion) versus US$61.15 million (THB 1.82 billion) a year earlier but sales and services income slipped to THB 1.77 billion from US$59.47 million (THB 1.78 billion). Gross profit totalled US$23.55 million (THB 701 million), up from US$20.23 million (THB 602 million) in the year-ago quarter.
SES S.A. has posted revenues of US$568.12 million (€440.8 million) for its latest quarterly results, down 2.1 percent year-on-year. EBITDA for the three months ended March 31 reached US$414.00 million (€321.2 million), down 4.8 percent.
ViaSat Inc., a provider of satellite and other wireless networking systems and services, earned profits of US$ 1.9 million in its fiscal fourth quarter after a boost from new contracts.
The company said it earned 4 cents per share for the quarter that ended March 29 compared with a loss of US$ 7.4 million, or 17 cents per share, in the same quarter last year. It earned 19 cents per share when excluding one-time items, versus a loss of a penny per share last year.
SSPI to Award Scholarship to Deserving Student During the Event
CASBAA’s annual Satellite Industry Forum will take place on 17 June 2013 at the Shangri-La, Singapore. The Association’s comprehensive forum on the thriving satellite market in the Asia-Pacific will examine An Industry in Transition this year, highlighting key issues top-of-mind with stakeholders in the region.
KVH Industries, Inc. announced that it has acquired Headland Media Limited, a UK-based media and entertainment services company. Headland Media is a provider of commercially licensed news, sports, movies, and music content that they sell in the maritime, hotel, and retail markets.
Singaporean telco StarHub has reported a 3 percent rise in Q1 net profit to US$73.24 million (S$91 million) compared with the same period a year ago. However, its group operating revenue for the period fell 2 percent to US$466.83 million (S$580 million) while EBITDA grew 3 percent to US$146.47 million (S$182 million) from US$142.45 million (S$177 million) previously.