Finance

Forsway, the Swedish satellite/terrestrial broadband player, is adding a new member to its board of directors. The company announced Jan. 22 that Irdeto Executive Bengt Jonsson will join the board....

A class action lawsuit has accused David McGlade, former Intelsat CEO and chairman of its board of directors, along with shareholders BC Partners and Silver Lake, of insider trading around the...

Sunil Bharti Mittal is one of India’s richest business people, and is worth over $10 billion according to Forbes. He is the founder and chairman of Bharti Enterprises, one of...

SoftBank Group has made an investment into the new iteration of OneWeb, the company announced Jan. 15. This marks SoftBank re-investing into OneWeb, after the former majority investor pulled out...

Eutelsat has taken on a eight-year, $243 million (200 million euro) financing agreement from the European Investment Bank (EIB) to back investments related to the procurement and launch of the...

Arianespace reported $1 billion euro ($1.2 billion) in sales in 2020, approximately the same level of sales as 2019, in a year-end update released Thursday. The European launcher also reported...

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk...

Just before the end of the year, Electro Optic Systems (EOS) announced a new company called SpaceLink to establish a data relay satellite service. The venture is led by David...

Skylo, an Indian Internet of Things (IoT) network provider, revealed Tuesday that Angira Agrawal was hired as Chief Operationg Officer (COO). Agrawal will oversee all operations and customer-facing activities throughout...

UltiSat revealed Monday that the company has made several new senior leadership appointments and reorganized around four primary lines of business – Managed Network Services, Airborne Intelligence, Surveillance, and Reconnaissance...