Comtech Telecommunications Corp. (Nasdaq: CMTL) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) announced today that Comtech has agreed to acquire Gilat in a cash and stock transaction for US$ 10.25 per Gilat ordinary share of which 70% will be paid in cash and 30% in Comtech common stock, resulting in an enterprise value of approximately US$ 532.5 million.
Frequency Electronics, Inc. (FEI) has announced it is promoting one of its long time technical leaders to Senior Vice Presidnet (SVP) and Chief Scientist.. Dr. Thomas McClelland, in addition to holding a PhD in physics from Columbia University, has led FEI’s advanced technical development team for the last 20 years.
He is a 35 year veteran with FEI and has been principally responsible for the design and production of advanced technology quartz oscillators and Rubidium atomic clocks. Dr. McClelland replaces Martin Bloch, the Company’s former Chief Scientist.
Subscription Services and Advertising to Push OTT Video Revenues to Over US$ 200 Billion by 2024
More...The Over-the-Top (OTT) video market will surpass US$200 billion by 2024, with 90% of that value fueled by subscription and advertising revenue, according to a new report by global tech market advisory firm, ABI Research.
TV Still Dominate Video Entertainment in the US, Accounting for more than 50% of all Video Consumed
More...Addison, Tex., January 27, 2020--New research from Parks Associates finds that TV sets still dominate home entertainment, accounting for over one-half of all video consumed by US broadband households each week. 360 View: Digital Media and Connected Consumers reveals consumers report spending on average nearly 20 hours per week watching video on a TV, compared to nearly four hours on a mobile phone.
Calian SED (formerly SED Systems) has appointed Rob Vance as its new Director, Satellite Ground Antenna Systems. The new position was created to lead the sales activities for the company’s new line of high performance composite carbon fiber antennas, designed to meet the demanding operational requirements of Ka/Q/V-band frequencies and beyond.
Reporting to Calian SED’s VP, Communication Ground Systems, Darren Schlageter, Vance will assume his role immediately and will be based in San Jose, California.
LTN® Global, a provider of broadcast-quality IP video transport solutions, today announced two key executive appointments stemming from LTN's acquisition of Niles Media Group and Crystal Computer Corporation last year. Neil Harwell, co-founder of Niles Media Group, will serve as general manager for LTN's new Niles Media Division. Roger Franklin, who was president and CEO of Crystal Computer Corporation, will serve as general manager of LTN's new Crystal Division.
The Satellite Industry Association (SIA) today announced the SIA Board of Directors elected the following as officers for 2020: Stuart Daughtridge of Kratos as Chair, Audrey Allison of The Boeing Company as Vice Chair and Ross Vincenti of Intelsat as Treasurer.
For its first launch of the year from the European spaceport in Kourou, French Guiana, Ariane 5 placed two satellites in geostationary transfer orbit (GTO): the EUTELSAT KONNECT satellite for Eutelsat and the GSAT-30 satellite for the Indian Space Research Organisation (ISRO).
The total performance required of the launcher was 7,888 kg, including 6,976 kg for the two satellites injected into an orbit inclined 6° to the equator.
Virgin Galactic Holdings has announced the appointment of Enrico Palermo as Chief Operating Officer (COO), effective immediately. In this newly created role, Palermo will be responsible for helping maintain efficiency and peak performance across the enterprise as it develops as a public company, and will lead the execution of specific company strategies and initi
The World Teleport Association (WTA) today published its annual rankings for the Top Teleport Operators of 2019. The annual rankings of companies by revenue and revenue growth are compiled by surveying teleport operators around the world as well as referencing the published results of publicly-held companies.
