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.

HISPASAT, the spanish satellite communications operator, and Portugal Telecom television’s MEO platform have reached an agreement to broadcast in 4K format for the Champions League Final on Sport TV, as well as eight important matches of the UEFA Euro 2016 on the RTP 4K channel. Thanks to this collaboration with HISPASAT, MEO satellite channel customers will be able to enjoy the most remarkable football moments of the year with the highest image quality and the latest technology. 

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.

HISPASAT, the Spanish satellite communications operator, leader in the distribution of content in Spanish and Portuguese, has announced the call for entries for the second edition of the Hispasat 4K International Film Festival, one the first festivals in the world entirely dedicated to short films, shot and post-produced in 4K.

The Internet of Things (IoT) market was worth US$ 605.69 billion in 2014 owing to rising requirement for internet connectivity worldwide coupled with technological advancements according to a report by Grand View Research. The emergence of start-ups in different industries to satisfy growing need of consumers is anticipated to result in increasing venture capital investments. The market is estimated to grow at 15.2 % to reach over US$ 1.88 trillion by 2022.