News Analysis

Eutelsat Reports Slight Decrease in Revenues in First Quarter 2020

Paris, France, October 29, 2020--Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2020. The company reported Operating Verticals revenues of €307 million, down 1.9% like-for-like and total revenues down 0.7%. Backlog of €4.4bn, up 3% year-on-year.

Iridium Announces Third-Quarter 2020 Results, Improves 2020 Outlook

McLean, Va., Oct. 20, 2020-- Iridium Communications Inc. (Nasdaq: IRDM)today reported financial results for the third quarter of 2020 and updated its full-year 2020 outlook. Net loss was US$ 4.0 million, or $0.03 per diluted share, for the third quarter of 2020, as compared to net loss of US$ 18.0 million, or US$ 0.14 per diluted share, for the third quarter of 2019.  This decrease in net loss was primarily the result of lower net interest expenses related to the refinancing of Iridium's credit facility and high-yield notes from the year ago period. 

C-COM Reports 3rd Quarter Results

Ottawa, Canada, October 20, 2020 – C-COM Satellite Systems Inc. (TSXV: CMI, OTC: CYSNF), a provider of mobile auto-deploying satellite antenna systems, announced today its financial results for the third quarter ended August 31, 2020. C-COM generated revenues of CDN $1,773,918 and net after tax income of CDN $210,856 or 1 cent per share. This compared with revenues of CDN $1,453,446 and a net after tax loss of CDN $346,290 or -1 cent per share for Q3, 2019 - representing increases of 22% and 161% respectively.

AAC Clyde Space to Acquire US SpaceQuest

Uppsala, Sweden, October 15, 2020--AAC Clyde Space has reached an agreement to acquire 100 percent of the shares in SpaceQuest, Ltd in an all shares deal in a payment of 24,000,000 new AAC shares to the current owners of Space Quest. The acquisition is subject to approval by the AAC Extraordinary General Meeting (EGM) and The Committee on Foreign Investment in the United States (CFIUS).

Whither the Satcom Mobility Market?

by Virgil Labrador, Editor-in-Chief

Los Angeles, Calif., October 9, 2020--The Satellite Mobility market consists of three key verticals: the aeronautical/in-flight;  maritime and land mobile communications on the move (COTM) markets.  Of those three markets that cover the air, sea and land, two of those verticals are probably the hardest hit sectors of the satellite industry by the ongoing global COVID-19 pandemic.

 

Momentus to Become Public through Merger with Stable Road Acquisition Corp

Santa Clara, Calif., October 7, 2020--Momentus, a commercial space company offering in-space transportation and infrastructure services, today announced it has signed a definitive merger agreement with Stable Road Acquisition Corp. that will result in the company becoming publicly listed.

Comtech and Gilat Terminate Merger Agreement and Settle Lawsuit

Melville, NY, October 5, 2020--Comtech Telecommunications Corp. (Nasdaq: CMTL)  and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT)  announced today that the companies have agreed to terminate the merger agreement first announced on January 29, 2020 and have settled all pending litigation in the Delaware Court of Chancery. In connection with the termination and settlement agreement, Comtech has agreed to make a payment of US$ 70.0 million to Gilat.

Leaning Into Risk

by Lou Zacharila

New York City, NY, October 3, 2020--The best advice I ever got for dealing with things that terrified me was from a teacher in New York 30 years ago.  She said, “Try leaning into your fears.” 

MarketBrief Report on Satellite in an OTT World

MarketBrief Report on Satellite in an OTT World sponsored by ST Engineering iDirect

A summary of the key trends and innovative approaches to satellite in an OTT world.  Featuring:

Satellite in an OTT World Report  by Elisabeth Tweedie

Interview with Hans Massart, Head of Media and Broadcast, ST Engineering iDirect

To read or download the pdf of full report click here.