Europe, Middle East and Africa Markets

Communications On The Move or COTM is one of the key applications of satellite technology that provides key services for various sectors.  COTM refers to vehicles and other moving conveyances such as ships, trains, etc.

Viasat released third quarter Fiscal Year 2021 Financial results today in a letter to shareholders .  The quarterly company revenues were US$ 575.6 million versus US$ 588.2 million last year. Quarterly revenues were down 2.2% year on year (YoY) and EBITDA was up 20.6 % YoY.  The results were 6.6% above consensus.

ST Engineering iDirect, a global leader in satellite communications, has been awarded a contract by system integrator Shaf Broadcast, Pvt. Ltd, on behalf of the Indian state-owned telecommunications company, BSNL, to augment satellite bandwidth to the offshore Indian islands of Andaman, Nicobar and Lakshadweep under a Universal Service Obligation (USO) project funded by the Department of Telecommunications. Utilizing the award-winning Newtec Dialog® platform