The Satcoms Innovation Group (SIG) has announced that Bob Potter of Kratos Defense and Security Solutions has been appointed a Director of the group. Bob joins existing directors Andreas Voigt of Eutelsat and Mark Steel of Inmarsat, led by recently appointed Managing Director, Helen Weedon.
The satellite manufacturing and launch systems market is poised to register a CAGR of more than 3.5%, during the forecast period 2020 - 2025 according to new research from Research and Markets.
A global poll of broadcasters conducted by OnePoll on behalf of Nevion, the architects of virtualized media production, has found that over a third (39%) of respondents expect their organization will be ready to adopt 5G within a year, while a further 53% believe they will be able to do so within the following year.
The survey found that 94% of broadcasters think that their country has the infrastructure ready to adopt 5G. Yet, despite this optimism, only 46% of broadcasters have tested 5G’s capabilities within their organization.
NSR’s Global Satellite Capacity Supply and Demand, 17th Edition report, released today, finds COVID-19 having a deep, near term impact on key satellite capacity growth areas, but the industry will bounce back to 2019 revenue levels in 3 years. Despite near term challenges, NSR is still bullish on long-term potential, forecasting Satcom revenues reaching $26.5 Billion by 2029.
A new report from CoBank’s
Astrocast has appointed Corry Brennan as Head of Global Sales. Brennan spent the last 7 years at Globalstar as M2M and IoT Sales Manager for EMEA.
Communications & Power Industries LLC (CPI) has successfully completed the purchase of SATCOM Technologies, the antenna systems business of General Dynamics Mission Systems, Inc., a business unit of General Dynamics. The transaction was funded using a new committed debt financing.
In its latest research titled “China Space Industry Report,” Euroconsult provides in depth analysis of how commercialization is driving both growth and technology advances in the Chinese space sector, with oversubscribed IPOs and a wave of private investment. China Satcom is now the world’s highest valued pure satellite operator with a market cap of US$11 billion as of May 2020, while China Satcom parent company China Aerospace Science and Technology Corporation (CASC) reported record revenues of $37 billion in 2018.
Intelsat S.A. (OTC: INTEQ), today announced financial results for the three months ended March 31, 2020. Intelsat reported total revenue of US$ 458.8 million and net loss attributable to Intelsat S.A. of US$ 218.8 million for the three months ended March 31, 2020. Intelsat reported EBITDA, or earnings before net interest, taxes and depreciation and amortization, of US$ 263.3 million and Adjusted EBITDA1 of US$ 294.0 million, or 64 percent of revenue, for the three months ended March 31, 2020.
The May 2020 issue of the Satellite Executive Briefing magazine is now available. Featuring:
