Iridium Communications Inc. (Nasdaq: IRDM) today reported financial results for the first quarter of 2020 and updated its full-year 2020 outlook. Net loss was $31.7 million, or $0.24 per diluted share, for the first quarter of 2020, as compared to net loss of $18.0 million, or $0.18 per diluted share, for the first quarter of 2019.
NSR’s Aeronautical Satcom Markets, 8th Edition report projects a viable long-term In-flight Connectivity (IFC) market, despite significant near-term challenges due to COVID-19. Coming off a challenging 2018 and 2019, 2020 has already seriously disrupted the IFC market, with air traffic down by at least 80% in most regions.
Advantech Wireless Technologies Releases New Line of Wide Area Augmentation System (WAAS) Satellite Frequency Converters. The new class of WAAS satellite frequency converter products from Advantech Wireless Technologies is designed to provide accurate GPS timing and position for critical applications such as air traffic control and aircraft precision landing. These products are compatible with the European Geostationary Navigation Overlay System (EGNOS).
Speedcast International Limited today announced that it has initiated a voluntary financial restructuring under chapter 11 of the United States Bankruptcy Code. In conjunction with chapter 11 petitions filed on behalf of Speedcast International Limited and certain of its U.S. and international subsidiaries. Speedcast's chapter 11 case is being heard in the United States Bankruptcy Court for the Southern District of Texas.
Spacex successfully launched its seventh batch of 60 Starlink satellitesat at 3:30 p.m. EDT, or 19:30 p.m. UTC today. Falcon 9 lifted off from Launch Complex 39A (LC-39A) at NASA’s Kennedy Space Center in Florida.
Astroscale Appoints Dave Fischer as VP-Business Development and Advanced Systems,and David Hebert as Director of Communications
More...Astroscale U.S. Inc., the U.S. unit of Astroscale Holdings Inc., today announced that Dave Fischer and David Hebert will join the Astroscale U.S. management team. Fischer joins the company as Vice President of Business Development and Advanced Systems, and Hebert joins as Director of Communications with appointments effective as of March 2020.
Astroscale is developing a service to remove space debris and secure long-term orbital sustainability.
Western Europe’s pay TV subscriber total will slip below 100 million by 2025. However, this is no US steep decline as subscriber numbers will drop by only 2.67 million between 2019 and 2025.
Arqiva Group Ltd. announced that Paul Donovan has been appointed Chief Executive Officer (CEO) with immediate effect. Donovan succeeds Simon Beresford-Wylie who has been Chief Executive Officer since August 2015.
Total online video weekly streaming minutes on mobile grew 60% in aggregate across Indonesia, Malaysia, the Philippines and Singapore between January 20 – April 11, 2020, according to a new report published today by Media Partners Asia (MPA). With the disruption and subsequent lockdown measures enforced during the COVID-19 pandemic, total online video streaming weekly consumption reached 58 billion minutes on mobile by April 11, 2020 versus 36.4 billion on January 20, 2020.
OTT TV episode and movie revenues for 22 Eastern European countries will reach US$ 3.58 billion in 2025; nearly triple the $1.41 billion recorded in 2019. Russia will account for 40% of the region’s OTT revenues by 2025, with Poland generating a further 27% - so two-thirds of the total will go to these two countries.