Inmarsat (LSE:ISAT.L), a provider of global mobile satellite communications services, today announced that Pip McCrostie, Global Vice Chair of Transaction Advisory Services (TAS), one of EY’s four global businesses, will join the Board of Inmarsat on September 1, 2016 as a non-executive director and a member of the company’s audit committee. Pip retires
ABI Research forecasts the 4K set-top box market will quadruple from less than two million units in 2015 to more than 7 million in 2016, and then grow by 46% annually through 2021. However, the overall set-top box market is on the decline, expected to drop by about nine percent in 2016 to less than $16 billion in revenue, with both Pay TV and free-to-air boxes losing value.
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), today reported its results for the first quarter ended March 31, 2016. Revenue for Q1 2016 was US$52.7 million compared to US$45.2 million in comparable period of 2015, an increase of 17%.
EBITDA for Q1 2016 increased to US$0.5 million compared to US$0.2 million in comparable period of 2015. Reiterated management objectives for 2016: continued growth with revenues between US$290 and US$310 million and EBITDA between US$18 and US$24 million.
OTT TV and video revenues for 17 countries in the Asia Pacific region will reach US$ 18,396 million in 2021; up from US$ 707 million in 2010 and US$ 5,741 million in 2015. The Asia Pacific OTT TV & Video Forecasts report estimates that China will overtake Japan in 2016 to become market leader.
The World Teleport Association (WTA) today released The Internet of Things Opportunity for Teleports, a new research report. The growth forecasts for the Internet of Things are off the charts.
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) today reported revenues for the third quarter and the nine months ended 31 March 2016. Revenue growth in the Third Quarter was below expectations, reflecting a worse than expected environment in several emerging markets, in particular in Latin America, where much of our new capacity is targeted and the spread of tough competitive conditions in Data Services to all markets.
Intelsat S.A., today announced that its subsidiary, Intelsat Jackson Holdings S.A. is commencing a tender offer to purchase its 6 ⅝% Senior Notes due 2022 (CUSIP No. 45824TAM7) (the “2022 Notes”), 5 ½% Senior Notes due 2023 (CUSIP No. 45824TAP0) and 7 ½% Senior Notes due 2021 (CUSIP No. 45824TAG0) for up to US$ 625,000,000 in aggregate cash consideration (excluding accrued and unpaid interest on the Securities and excluding fees and expenses related to the Tender Offers).
Global Eagle Entertainment Inc. (GEE) (NASDAQ:ENT) today announced that it has signed a definitive agreement to acquire Emerging Markets Communications (EMC) a communications services provider to maritime and other mobility markets. The combined company will become a leading provider of global satellite-based communications and media content serving the rapidly growing aviation and maritime markets and select land-based markets.
Satellite manufactuer Space Systems Loral (SSL), today announced that Michael Gold has assumed the role of Vice President, Washington, DC Operations. Gold, who previously served as Director of D.C. Operations and Business Growth at Bigelow Aerospace, will expand SSL’s Washington, D.C. presence to support the company’s increasing U.S.
Europe, Middle East, and Africa (EMEA) Subscription Video On Demand (SVOD) revenues will increase tenfold from US$ 124 million in 2015 to US$ 1.24 billion in 2021. The Middle East & Africa Over the Top (OTT) TV and Video Forecasts report estimates that Turkey will remain market leader covered, with US$ 257 million in SVOD revenues by 2021.
