Comtech Telecommunications Corp. (Nasdaq:CMTL) announced that its Board of Directors has completed a review of strategic alternatives today with the assistance of its financial advisor, Citibank, its legal counsel, Proskauer Rose, and its special counsel, Morris, Nichols, Arsht & Tunnell. After considering various strategic alternatives to enhance shareholder value, including a possible merger or sale of the company, the Board has determined that the interests of the company and its shareholders will be best served by the company remaining independent.
The World Teleport Association (WTA) published its annual rankings for the Top Teleport Operators of 2014. 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.
The debates and conversations which started this year in Doha, Qatar, are set to continue in Europe next year, as ITU announced today that its upcoming ITU Telecom World 2015 event will take place 12-15 October in Budapest, Hungary.
Consumer awareness of Ultra HD or 4K TV is growing steadily, and 93 percent of those who have seen the technology found it extremely or somewhat impressive. These are some of the key findings from the latest wave of Strategy Analytics’ ConsumerMetrix survey, which conducted online interviews with 2001 US participants in November 2014.
The percentage of respondents who are aware of the term “Ultra HD” rose from 39 percent in January 2014 to 57 percent in November. Awareness of the other terms, “4K TV” and “UHD”, has also risen but remains lower than “Ultra HD”.
Tedial, an independent MAM technology solutions specialist, has appointed Terry Spittle as its new Director of Global Operations and Support. Spittle will have oversight of Tedial’s Implementation Engineering, Installation and Service and Support teams. He will be responsible for defining and developing enhanced internal process infrastructure, enabling the company to support its growing worldwide customer base and partner network. Spittle will also provide a senior level liaison point for clients and project partners.
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Spanish satellite telecommunications operator, HISPASAT, has contracted Space Systems Loral (SSL) to build the Amazonas 5 satellite, which will provide a wide range of telecommunications services in Latin America. This new satellite constitutes an expansion of the Amazonas 4B project, to which the full capacity of the Amazonas 4A was added.
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According to Euroconsult's newly released report, Satellite Pay-TV: Key Economics & Prospects, the global satellite pay-TV industry has observed strong growth in the past five years despite an increasingly competitive TV landscape where IPTV, DTT and connected entertainment services have rapidly expanded their reach. Subscriptions to satellite pay-TV reached 196 million homes in 2013 and revenues topped US$ 97 billion.
Alliant Techsystems Inc. (“ATK”) (NYSE: ATK) and Orbital Sciences Corporation (“Orbital”) (NYSE: ORB) announced that the U.S. Department of Justice (“DOJ”) has unconditionally cleared the proposed merger of ATK’s Aerospace and Defense Groups with Orbital.
