ViaSat Inc. (NASDAQ: VSAT), announced strong fiscal year 2015 third quarter financial results that included revenues of US$ 339.6 million and strong Adjusted EBITDA growth of 51% to US$ 85.9 million, up from US$ 56.7 million recorded in the same period last year.
International Datacasting Corporation (TSX:IDC), a technology provider for broadcasters, announced that it is engaged in discussions regarding a potential acquisition of the company's business. The identity of the counterparty and terms of the potential acquisition are subject to a non-disclosure agreement.
Harris Corporation (NYSE:HRS) reported revenue in the second quarter of fiscal 2015 of US$ 1.21 billion and income from continuing operations of US$ 140 million, or US$ 1.32 per diluted share. In the prior year, revenue was US$ 1.22 billion and income from continuing operations was US$137 million, or US$ 1.27 per diluted share. Orders in the quarter were US$1.11 billion.
Harris Corporation and Exelis today announced a definitive agreement under which Harris will acquire Exelis in a cash and stock transaction valued at US$ 23.75 per share, or an approximately US$ 4.75 billion enterprise value.
The agreement has been unanimously approved by the Boards of Directors of both companies. The transaction is expected to close in June 2015 and is subject to customary closing conditions, including regulatory and Exelis shareholder approval.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), reported results for the fourth quarter and fiscal year ended December 31, 2014. Revenue was up 19% from the fourth quarter of 2013. Adjusted EBITDA of US $9.9 million (earnings before interest, taxes, depreciation, amortization, and amortization of non-cash stock-based compensation) was up 14% from $8.8 million in the year-ago quarter; this was the company's third consecutive quarter of EBITDA improvement.
Global mobile data traffic grew 69 percent in 2014. Global mobile data traffic reached 2.5 exabytes per month at the end of 2014, up from 1.5 exabytes per month at the end of 2013 according to the Cisco Visual Networking Index (VNI) Global Mobile Data Traffic Forecast for 2014 to 2019.
Last year’s mobile data traffic was nearly 30 times the size of the entire global Internet in 2000. One exabyte of traffic traversed the global Internet in 2000, and in 2014 mobile networks carried nearly 30 exabytes of traffic.
RigNet, Inc. (NASDAQ:RNET), a lglobal provider of managed remote communications solutions to the oil and gas industry, today announced that it has completed the acquisition of Orgtec S.A.P.I. de C.V., d.b.a. TECNOR, a provider of telecommunications solutions and services for remote sites on land, sea and air, including a wide array of equipment, voice and data services, satellite coverage and bandwidth options in Mexico.
Living in an on-demand world, a simple swipe of one’s mobile phone or a few clicks of the mouse can now bring consumers a plethora of content and applications. Direct to Home (DTH), IPTV and Over-the-Top (OTT) services are projected to grow in the next five years on the back of government support in infrastructure development including fibre roll-outs fueled by increased consumer demand across the Asia Pacific. The region is expected to become the world’s second largest for OTT SVOD services by 2018.
SatService GmbH, a turnkey systems integrator based in the Lake Constance area of Germany has appointed Kai Koppenburg as Sales Director. Koppenburg will be leading all of SatService's sales efforts worldwide.
The first IBC Content Everywhere MENA show closed its doors on a highly successful event which brought together 1,451 thought leaders from the Middle East, North Africa and beyond. There are dramatic changes in the way that we create, share, consume and monetise content, and the most pressing topics were covered at IBC Content Everywhere MENA.