Europe, Middle East and Africa Markets

RigNet, Inc. (NASDAQ:RNET) announced today that Brad Eastman will join the executive management team as Senior Vice President and General Counsel, effective immediately and will report to RigNet’s CEO and President, Steven Pickett. Mr. Eastman succeeds William D. Sutton, who, as previously announced, retired June 23, 2017, after more than nine years of service with RigNet. 

 tom-choi.gifABS today announced that co-founder and Chief Executive Officer, Thomas (Tom) Choi, is transitioning his role as CEO to that of Director on the Board so that he can pursue other interests and opportunities.  Choi will continue to support the company as a Director on the Board and he remains a significant investor in the business.  

Moving to consolidate its presence in the Middle East, Eutelsat has acquired Noorsat, one of the leading satellite service providers in the Middle East, from Bahrain’s Orbit Holding Group, in a deal valued at US$ 75 million (€63.4m).

Established in 2004, Noorsat is the premier distributor of Eutelsat capacity in the Middle East, serving blue-chip customers and providing services for over 300 TV channels almost exclusively from Eutelsat’s market-leading Middle East and North Africa neighbourhoods at 7/8° West and 25.5° East.

Ericsson (NASDAQ:ERIC) unveils the eighth edition of its annual ConsumerLab TV and Media report, which details the massive growth in TV and video viewing and the ongoing shift in the way consumers watch content. Ericsson ConsumerLab predicts that the growth of on-demand viewing will continue to soar through to 2020, making up almost half of total viewing.

ITU Telecom World 2017 wrapped up  in Busan following a full four-day program of tech innovation showcases, debate, networking and awards. The annual event brought together representatives of nations, leading industry players and small- and medium-sized enterprises (SMEs) from around the world – fostering valuable support for innovation and business partnerships, and facilitating knowledge exchanges and networking.