The Board of Directors of HISPASAT, the Spanish satellite communications operator, approved the appointment of Jordi Hereu as the company’s new president yesterday.
The Asia Video Industry Association (AVIA) held its annual Satellite Industry Forum (SIF) as a virtual conference, from 24 – 25 September, which allowed for truly global participation with delegates from around the world in attendance. The event also saw over 100 new companies register to be part of the two-day discussions on Video in the Satellite World.
ConnecTechAsia, Asia's leading Infocomm Media and Technology event concluded last week after three days of insightful conference sessions and exhibitions on the latest solutions and trends empowering the digital economy.
New resarch from Digital TV Researc shows that global Pay TV revenues are down while subscriptions are up. Global Pay TV revenues peaked in 2016 at US$ 202 billion. Revenues will fall to US$ 152 billion in 2025. This is lower than 2010’s US$ 175 billion - despite the number of pay TV subscribers rising by 345 million between 2010 and 2025. Revenues fell by US$ 9 billion in both 2018 and 2019.
Momentus, a commercial space company offering in-space transportation and infrastructure services, today announced it has signed a definitive merger agreement with Stable Road Acquisition Corp. that will result in the company becoming publicly listed.
Upon the closing of the transaction, the combined operating company will be named Momentus Inc. and its securities will be listed on Nasdaq and trade under the ticker symbol “MNTS.”
Amid the COVID-19 crisis, the global market for Commercial Satellite Imaging estimated at US$ 4.4 Billion in the year 2020, is projected to reach a revised size of US$ 8.3 Billion by 2027, growing at a CAGR of 9.4% over the analysis period 2020-2027 according to a new study by Research and Markets.
The Space & Satellite Professionals International (SSPI) today presented the 2020 Promise Awards to Taylor Kerl of Maxar Technologies, Brittany Zajic of Planet and Brittany Zimmerman of Paragon Space Development. The Promise Awards honor the three top-ranked members of the annual “20 Under 35” list of space & satellite employees and entrepreneurs age 35 and under who have demonstrated outstanding achievement in the early stages of their career.
Comtech Telecommunications Corp. (Nasdaq: CMTL) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) announced today that the companies have agreed to terminate the merger agreement first announced on January 29, 2020 and have settled all pending litigation in the Delaware Court of Chancery. In connection with the termination and settlement agreement, Comtech has agreed to make a payment of US$ 70.0 million to Gilat.