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Betzdorf, Luxembourg, May 1, 2024 -- Satellite operators SES and Intelsat announced an agreement for SES to acquire Intelsat through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l. for a cash consideration of US$ 3.1 billion (€2.8 billion) and certain contingent value rights. The combination will create a stronger multi-orbit operator with greater coverage, improved resiliency, expanded suite of solutions, enhanced resources to profitably invest in innovation, and benefit from the collective talent, expertise, and track record of both companies,, according to SES in a statement.
McLean, Va. April 18, 2024 – Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2024 and reiterated its full-year 2024 outlook. Net income was US$ 19.7 million, or $0.16 per diluted share, for the first quarter of 2024, as compared to net income of US$ 9.8 million, or $0.08 per diluted share, for the first quarter of 2023. Operational EBITDA (“OEBITDA”)(1) for the first quarter was US$ 115.0 million, as compared to US$ 111.9 million for the prior-year period, representing a year-over-year increase of 3%. Net income benefitted from a year-over-year decrease in depreciation expense associated with the extension of the estimated useful lives of the Company’s satellites and continued growth in total commercial services revenue.
New York City, NY, May 1, 2024 - The satellite Internet of Things (IoT) market is transforming remarkably, driven by technological advancements and an ever-increasing demand for global connectivity. As the world becomes more interconnected, the limitations of terrestrial networks become apparent, particularly in remote and underserved regions. This is where satellite IoT steps in, bridging the gap with its ability to provide widespread, reliable connectivity across the globe. Global technology intelligence firm ABI Research forecasts the market to surge past the US$4 billion mark by 2030, signaling significant growth potential in the market.
Paris, France, May 1, 2024 – Novaspace, a merger between Euroconsult and SpaceTec Partners, a space consulting and market intelligence firm, anticipates that standardization will drive democratization, catalyzing the fast-paced technological evolution of optical communications and the market. Government-supported standardization efforts, such as the SDA program, have been conducted to drive down costs and enable larger adoption of laser communications technology, which for the moment, remains costly.
Paris, France, May 1, 2024 – Eutelsat Group (ISIN: FR0010221234 – Euronext Paris / London Stock Exchange: ETL) announced today that Kevin Steen has been appointed by the Eutelsat America Corp. (EAC) Board of Directors to the position of President and CEO of EAC. He will also continue his existing role as President and CEO of OneWeb Technologies (OWT). EAC and OWT completed their combination earlier this year and will go to market as a single EAC entity.
Dubai, UAE, April 16, 2024 - Satellite operator Agility Beyond Space (ABS) announce the appointment of Mark Rigolle as its new Chief Executive Officer (CEO), effective April 29, 2024.
Singapore, April 17, 2024- ST Engineering’s earth observation and geospatial analysis business, ST Engineering Geo-Insights Pte. Ltd. (ST Engineering Geo-Insights), and EY Corporate Advisors Pte. Ltd. (EY) announced the signing of a memorandum of understanding (MOU) in space technology and geospatial analytics, aimed at tackling pressing environmental challenges.
Kaiserslautern, Germany, April 12, 2023 - Creonic GmbH, the leading provider of cutting-edge communications IP cores, announced the release of its (inverse) Fast Fourier Transform (FFT/IFFT) IP core with Error Correction Code (ECC) memory support. Designed to meet the growing demand for efficient, error-tolerant signal processing solutions.
Dubai, UAE, April 24, 2024 - CABSAT, the flagship event for broadcast, media, satellite, and entertainment industries in the Middle East and North Africa (MENA) region, celebrates its 30th anniversary by continuing its partnership with HConsult, a leading content market specialist in the Arabic-speaking MENA region, to host MENA Co-Production Salon. The exclusive gathering, scheduled from May 21 to 23, 2024 at the Dubai World Trade Centre, is poised to elevate the collaborative spirit that has long been a hallmark of the annual event.
Las Vegas, NV, April 17, 2024 – The 2024 NAB Show exhibitors debuted and showcased thousands of new products and next generation and pioneering technologies from brands that include Adobe, ARRI, AWS, Blackmagic Design, Canon, Fujifilm, JVC Professional Video, Microsoft, NVIDIA, Sony and Verizon Business. Nearly 200 exhibitors displayed AI/Machine learning tools and tech, while more than 150 sessions featured AI. Meanwhile, there were hundreds of exhibitors in the create space, including a new show floor area dedicated to the creator economy, as well as nearly 100 sessions about the creator economy. In a sign of the broadcast, media and entertainment industry’s booming appeal, a staggering 54 percent of the more than 61,000 projected registered attendees experienced the event for the first time.
Paris, France, May 1, 2024 – Eutelsat Group (ISIN: FR0010221234 – Euronext Paris / London Stock Exchange: ETL) announced today that Kevin Steen has been appointed by the Eutelsat America Corp. (EAC) Board of Directors to the position of President and CEO of EAC. He will also continue his existing role as President and CEO of OneWeb Technologies (OWT). EAC and OWT completed their combination earlier this year and will go to market as a single EAC entity.
Dubai, UAE, April 16, 2024 - Satellite operator Agility Beyond Space (ABS) announce the appointment of Mark Rigolle as its new Chief Executive Officer (CEO), effective April 29, 2024.
