Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) today reported revenues for the Third Quarter and Nine Months ended 31 March 2020. Third Quarter Operating Verticals revenues down 1.6% year-on-year; up 1.2% quarter-on-quarter while broadcast showing resilience, with return to slight growth quarter-on-quarter.
Satellite operator Intelsat has filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division. The company said the bankruptcy filing is part of a "financial restructuring" that is "intended to enhance the company’s liquidity and will likely result in a substantial reduction of Intelsat’s legacy debt burden, allowing for Intelsat to emerge with a strengthened balance sheet to complement its strong operating model and future growth plans."
National Association of Broadcasters President and CEO Gordon Smith delivered the annual NAB Show State of the Industry address during NAB Show Express, taking place May 13-14. Smith said that "broadcasters endure" amid the COVID 19 pandemic.
Thales Alenia Space has appointed Christophe Valorge as Chief Technical Officer (CTO), effective on May 1st, 2020. He succeeds to Patrick Mauté who will be retiring.
NSR’s Flat Panel Satellite Antennas, 5th Edition (FPA5) report, released today, forecasts cumulative revenue from flat panel satellite antenna sales to reach $12 billion by 2029. Mobile applications, particularly government and commercial aviation, drive the opportunity, at 98% of the market value over the next decade.
Flat panel antenna manufacturer Phasor Solutions UK has filed for bankruptcy in the UK according to various media reports. The company is based in Arlington, Virginia in the US and has a technology development center in the UK. The company has previously filed for Chapter 11 Bankruptcy Protection in the US in 2017.
RBC Signals, the leading provider of flexible and cost-effective space communication services, announced today the Karman Project selected CEO Christopher Richins to participate in the inaugural cohort of the Karman Fellowship Program.
Anokiwave, Inc., a provider of highly integrated mmW IC solutions for 5G communications, mobile satellite communications, and aerospace & defense markets, announced today that John D. McClellan has joined the company's Board of Directors, effective February 1, 2020.
Global SVOD subscriptions will increase by 519 million between 2019 and 2025 to 1,161 million – or up by 81%. The total will climb by 170 million in 2020 alone according to Digital TV Research.
Five global platforms will have 640 million paying SVOD subscribers by 2025. Disney+ will be the biggest winner by adding 176 million subscribers between 2019 and 2025 to take its total to 202 million. Netflix will add 91 million subscribers; revealing growth even for the most established platform.
The Board of Directors of e-GEOS, a joint venture between Telespazio (80%) and the Italian Space Agency (20%), has appointed Paolo Minciacchi as the new CEO of the company.
