The World Teleport Association (WTA) today announced the appointment of Speedcast’s Vice President of Engineering Operations, Will Mudge, to its Board of Directors to fill a seat vacated by a departing Board member. In March, he will stand for election by the membership to a three-year term, beginning April 1st.
The global fixed satellite services (FSS) market reached a value of US$ 21.7 Billion in 2020 according to a report by Reseach and Markets. The report expects the global fixed satellite services (FSS) market to exhibit a moderate growth during 2021-2026.
Axiom Space, which is developing the world's first commercial space station, has raised US$ 130 million in Series B funding. The round was led by C5 Capital and includes TQS Advisors, Declaration Partners (the investment firm backed by David M. Rubenstein), Moelis Dynasty Investments, Washington University in St. Louis, The Venture Collective, Aidenlair Capital, Hemisphere Ventures, and Starbridge Venture Capital.
RUAG International’s Space business is currently being reorganized as part of a project called Ambition 21. The reorganization is a response to a changing market environment and an unsatisfactory performance in 2020. The focus of the reorganization is on strengthening RUAG Space’s position in Europe as a leading supplier to the space industry, on selectively expanding its subsystem offering and to further expand RUAG Space’s business in the US and globally.
IBC today announced that John Honeycutt will take the International Broadcasting Convention (IBC) Council Chair's position with immediate effect. Honeycutt has spent the past 30 years in senior positions in the television market and is a well-respected business strategist and technology pioneer.
The Board of Directors of Eutelsat Communications (Euronext Paris: ETL), reported the financial results for the half-year ended 31 December 2020. Rodolphe Belmer Chief Executive Officer (CEO) of Eutelsat said: “Eutelsat has produced a solid First Half performance with Operating Verticals revenues down by 2%, reflecting our resilience in the Covid-19 impacted context, and with an EBITDA margin at 76.7%, despite the costs associated with Broadband ramp-up. Free-cash flow generation at the half year stage already amply covers the dividend paid in November.”
Iridium Communications Inc. (Nasdaq:IRDM) today reported financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance. Net loss was US$ 7.9 million, or $0.06 per diluted share, for the fourth quarter of 2020, as compared to net loss of US$ 107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019.
Russian satellite operator Gazprom Space Systems (GSS), Viasat and Russian telecom operator TMC today announced the signing of a Memorandum of Understanding (MOU) that aims to advance in-flight connectivity (IFC) for airlines flying into and over Russia.
55% of US Pay-TV Households Consider Live Sports Important in Decision to Keep their Pay-TV Service
More...New research from Parks Associates finds 55% of pay-TV households in the US report availability of live sports is important in their decision to keep their pay-TV service.
Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Santa Clara, California-based subsidiary, Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, has received a follow-on order for US$ 1.6 million for Ka-band Solid-State Power Amplifiers (SSPAs) that use state-of-the-art Gallium Nitride (GaN) technology for an In-Flight Connectivity (IFC) application.
