Comtech Telecommunications Corp. (Nasdaq: CMTL) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) announced today that the companies have agreed to terminate the merger agreement first announced on January 29, 2020 and have settled all pending litigation in the Delaware Court of Chancery. In connection with the termination and settlement agreement, Comtech has agreed to make a payment of US$ 70.0 million to Gilat.
The best advice I ever got for dealing with things that terrified me was from a teacher in New York 30 years ago. She said, “Try leaning into your fears.”
The GVF Webinar Series has been an innovative response to the dictates of a variously locked down world and its various themes have been well received by a global audience. Whilst, as noted in my previous column, 69 has been the least number of countries dialing-in to any one individual Zoom event, the total number of nations reached across the series to date has now exceeded 120.
Qvest Media, a systems architect and consultant in the ICT, broadcast, and media industry, appoints Philipp Glänzel as General Manager and CTO at its Dubai location. Glänzel will complement the management team with a focus on managing all technology-relevant matters and thereby further expand Qvest Media’s strong market position in the MENA region.
XTAR, LLC announced the appointment of Michael A. Assid as its new Vice President of Sales and Marketing. Prior to joining the XTAR team, Assid served in numerous leadership roles at Headquarters, Air Force Space Command (AFSPC) and Headquarters, U.S. Space Force.
SVOD revenues for 138 countries will reach US$ 100 billion by 2025; double from the $50 billion recorded in 2019. SVOD revenues will exceed $1 billion in 16 countries by 2025; double from eight countries in 2019, according to new research from Digital TV Research.
Momentus today announced the appointment of Jikun Kim as Chief Financial Officer, effective September 28, 2020. Mr. Kim’s appointment comes as Momentus prepares for the first commercial launch of Vigoride, the company’s orbital transfer vehicle designed for last mile, in-space satellite transportation services.
NSR’s Satellite-Based Earth Observation, 12th Edition (EO12), released today, finds a limited impact from COVID-19 on the EO market, with the sale of EO data and derived products to reach $8.1 billion annually by 2029. Revenues will be driven by government, military, and financial service-based customers, owing to strong demand and diversity need.
