Visitors at this year’s AfricaCom can expect even more than in previous years, with the launch of a brand-new show feature – the AfricaTech Centre Stage. This is a focused centrepiece at AfricaTech, a new zoned exhibition area dedicated to artificial intelligence (AI), blockchain, fintech, cloud, data and security, and cutting edge content, along with a host of excellent networking opportunities.
Europe, Middle East and Africa Markets
The Kudelski Group (SIX: KUD.S), a provider of media content protection and value-added service technology, has reported a net loss of US$20.4 million, which included US$13.7 million of restructuring costs, during the first half of 2019.
Tedial, an independent MAM technology solutions specialist, has announced that Julian Fernandez-Campon has been promoted to chief technology officer, effective immediately.
Shares of EchoStar Corp. declined 7.3% following the company’s 2Q19 earnings release, reflecting disappointment with the company’s subpar EBITDA performance and one-time charges. Following the decline, shares of EchoStar are now trading at 4.9x the consensus 2020 EBITDA forecast, which represents a discount to both the stock’s long-term average and its closes peer group competitor Viasat.
Viasat Inc. (NASDAQ: VSAT), reported strong first quarter fiscal year 2020 performance with a year-over-year revenue increase of 22%, net loss decrease of 66% and Adjusted EBITDA growth of 115% for the fiscal first quarter ended June 30, 2019.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), today reported its results for the second quarter ended June 30, 2019. Gilat said renues for Q2 2019 totaled $59.7 million compared with US$ 66.5 million for Q2 2018. Its Q2 2019 GAAP operating income increased 17.9% to US$ 4.9 million from US$ 4.1 million in Q2 2018 while Q2 2019 Non-GAAP operating income rose to US$ 6.3 million, or by 10.8% from Q2 2018.
SpaceX’s Falcon 9 rocket successfully lifted off from Space Launch Complex 40 of the Cape Canaveral Air Force Station, Florida, the AMOS-17 satellite for Spacecom (Tel Aviv Stock Exchange: SCC). Liftoff occurred at 7:23 p.m. EDT, or 23:23 UTC and the satellite was deployed approximately 31 minutes after liftoff.
A new study from Markets and Research has estimated that the optical satellite communication global market account for US$ 291.32 million in 2017 and is expected to reach $2,861.89 million by 2026. This, Market and Research said, translates to a compounded annual growth rate (CAGR) of 28.9% during the forecast period.