Europe, Middle East and Africa Markets

Western Europe is forecast to have 197 million SVOD subscriptions by 2025, doubling from 88 million at end-2019. About 45 million subscribers will be added in 2020 alone, with the Covid lockdown providing a major boost according to new research from Digital TV Research.

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Rocket Lab has closed the transaction to acquire Sinclair Interplanetary, a leading provider of high-quality, flight-proven satellite hardware. Rocket Lab initially announced the execution of the agreement to acquire Sinclair Interplanetary on March 16, 2020 pending customary closing conditions and satisfying The Investment Canada Act review process. Terms of the approved deal were not disclosed.

Infostellar has raised a total of US$ 3.5 million in convertible bonds with existing investors Airbus Ventures and Sony Innovation Fund, while welcoming new investors Daiwa Energy Infrastructure, Mitsubishi UFJ Capital, and Mitsubishi UFJ Lease & Finance. As a result, the cumulative amount of funds raised now reaches USD 11.5 million.

Infostellar is continuing to raise additional funds, and this round is scheduled to be closed by June 2020.

tahmin-clarke.jpgSatellite operator Intelsat (NYSE: I)today announced that Tahmin O. Clarke has joined the company as Vice President of Investor Relations. Based in the company’s McLean, Va. office, Clarke is responsible for managing the company’s relationships with shareholders, bondholders and lenders, and the equity and fixed income research analyst community.

Euroconsult announched that the World Satelltie Business Week (WSBW) has been rescheduled to November 9-12, 2020.  Original shceduled to be held in Paris in September, the organizers cited the "ongoing related dynamics" as a result of the global COVID-19 pandemic as one the reasons for the postponement.

Iridium Communications Inc. (Nasdaq: IRDM)  today reported financial results for the first quarter of 2020 and updated its full-year 2020 outlook. Net loss was $31.7 million, or $0.24 per diluted share, for the first quarter of 2020, as compared to net loss of $18.0 million, or $0.18 per diluted share, for the first quarter of 2019.

Speedcast International Limited  today announced that it has initiated a voluntary financial restructuring under chapter 11 of the United States Bankruptcy Code. In conjunction with chapter 11 petitions filed on behalf of Speedcast International Limited and certain of its U.S. and international subsidiaries. Speedcast's chapter 11 case is being heard in the United States Bankruptcy Court for the Southern District of Texas.