Markets and Markets released a new report entitled "Satellite Modem Market by Channel Type (SCPC & MCPC), Data Rate (High-Speed, Mid-Range, Entry-Level), Application (Mobile & Backhaul, IP Trunking, Offshore Communication), End User (Telecom, Marine, Oil & Gas), & Geography - Global Forecast to 2023", The satellite modem market is expected to grow from US$ 296.4 Million in 2017 to U$ 420.4 Million by 2023, at a CAGR of 6.0% between 2017 and 2023.

Alexander Müller-Gastell has been appointed the new CEO of ND SatCom GmbH (ND SatCom), effective today. This strategic move is in line with the shareholder vision to further grow the market share of ND SatCom since its acquisition from AIRBUS in 2015.

The Society of Satellite Professionals International (SSPI) today announced that it would present its 2017 Promise Awards to Ryan Carlisle of SpaceX, Joyeeta Chatterjee of Reed Smith and Jamal A. Madni of Boeing Satellite Systems. The Promise Awards honor three satellite executives age 35 and under for outstanding achievement in the early stages of their career. The three recipients will be honored on October 17 in New York City at SSPI’s 12th Annual Future Leaders Dinner.

TELEBRAS Brazilian Satellite Ka-Band will be offering in a Public auction 70% of the capacity in two lots next September after the roadshow in Brazil, UK and USA during the month of August 2017. The President of Telebras Mr. Jarbas Valente announced Monday August 14 that the new date for the auction will be September 27,2017 after receiving few requests for more time for the bid.

Speedcast International Limited (ASX:SDA), a provider of fully managed, remote communication and IT solutions, today announced its financial results for the six-month period ended  June 30, 2017, with group revenues of US$ 246.3 million, a 143% period-on-period increase.

Financial Highlights

- Group revenues grew 143% to US$ 246.3 million for the period ended June 30, 2017, while service revenues grew 165% to USD 231.9 million.

Artel Video Systems today announced the acquisition of selected intellectual property from ARG ElectroDesign. 
 The transaction provides Artel with core IP switch technology from the Quarra 1G and 10G IP Switch family. In addition, Artel will take over the Automatic Repeat Query (ARQ) product line, which serves Reliable Internet Streaming Transport (RIST) for video applications.

 peter-stier.jpgPeter Stier has been appointed Vice President of Sales for International Launch Services (ILS), leading the global sales activities for the company with overall responsibility for customer interaction and satisfaction.

The North American SVOD sector is by far the most mature in the world, with 112 million SVOD subscribers to movie and TV episode platforms by end-2016. However, there is plenty of growth left in the sector. The SVOD total is forecast to climb to 171 million by 2022 – up by 59 million on 2016 or by 53% according to Digital TV Research.