IBC2022 is set to deliver exciting innovation across the show floor when the event goes live once again at the RAI Amsterdam on 9th-12th September, returning as a face-to-face event after two years of virtual formats.
Seoul, Korea, September 1, 2022–The Asia Video Industry Association (AVIA) welcomed over 200 delegates from across the region for its first ever Korean focused conference and its first in market event since 2019, with Korea in View, which took place on 30 August at the Westin Josun, Seoul.
The Asia Video Industry Association (AVIA) welcomed over 200 delegates from across the region for its first ever Korean focused conference and its first in market event since 2019, with Korea in View, which took place on 30 August at the Westin Josun, Seoul.
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) today reported its results for the second quarter ended June 30, 2022. The company reported reported revenues of US $55.5 million, operating profit of US $1.5 million and Adjusted EBITDA of US$ 5.3 million.
Second Quarter 2022 Financial Highlights
HISPASAT signed a line of credit for the amount of 250 million euros with a group of five financial institutions composed of CaixaBank, acting as the agent bank of the operation and sustainability coordinator, BBVA, Societé Generale, Bankinter and Kutxabank.
The number 1 and number 2 leading global satelltie operators, SES and Intelsat are reportedly engaging in possible merger talks according to various media reports. The story was first released by the Financial Times. The merger, if borne into fruition will create the largest satelltie company in the world with over 100 Geostationry satellites generating over US$ 4 Billion in annual revenues.
SES and its wholly-owned subsidiary SES Government Solutions (SES GS) today announced the completion of the acquisition of DRS Global Enterprise Solutions (GES) from Leonardo DRS for US$ 450 million after obtaining all the necessary regulatory approvals. The DRS GES business will be combined with SES GS to create a scaled solutions provider serving the multi-orbit satellite communications needs of the US Government and supporting missions anywhere on land, at sea, or in the air.
Eutelsat and key OneWeb shareholders sign a Memorandum of Understanding with a view to combining Eutelsat and OneWeb in an all-share transaction. Eutelsat shareholders and OneWeb shareholders would each hold 50% of the Eutelsat shares. Eutelsat will combine its 36-strong fleet of GEO satellites with OneWeb’s constellation of 648 low Earth orbit satellites, of which 428 are currently in orbit.
Raytheon Intelligence & Space announced its intention to acquire space domain awareness, orbital analysis, space surveillance and tracking start-up, Northern Space and Security (NORSS).
The UK-based startup was founded five years ago by Ralph Dinsley, a Royal Air Force veteran. The company currently provides orbital analyst technical services to the UK Space Agency. It has also won a contract with the UK Ministry of Defense recently for developing a new simulator system for future British military satellites.
2022 marks the 25th anniversary of the world’s single largest Africa-focused technology and telecommunications event – Africa Tech Festival, including its anchor events AfricaCom and AfricaTech. Recognising its star power as an event that attracts significant local and international business, the City of Cape Town has come on board as a partner, with the status as Host City for Africa Tech Festival 2022, as part of its Invest Cape Town initiative.