Finance

Singapore Technologies Engineering  (ST Engineering) revealed that its U.S. subsidiary, iDirect Government (iDirectGov), acquired 100 percent ownership of Glowlink Communications Technology. This acquisition was carried out by way of a merger through a newly-incorporated special purpose vehicle, Intrepid Merger Sub and Glowlink, with Glowlink being the surviving entity. The aggregate purchase consideration was $20 million...

EchoStar revealed the completion of its previously announced spin-off and subsequent merger with Dish Network of the portion of its business that manages, markets, and provides broadcast satellite services primarily to Dish, Dish Mexico, S. de R.L. de C.V. and their respective subsidiaries; and telemetry, tracking, and control services to satellites owned by Dish and a portion...

SES CEO Steve Collar’s head may be in the clouds after a recent deal with Microsoft, but in this case, being in the cloud is not a bad thing. SES kicked off a busy week of trade shows with a huge announcement as the IT giant looks to gain an advantage in verticals such as...

Globalstar decided to proceed with an amendment to the current BPIFAE Facility Agreement together with a capital raise of a new second lien credit facility. Of the two financing options disclosed in the press release on August 9, the amendment was determined to be the optimal path. In June, the Company reached an agreement in principle...

U.S. Senator and former Republican presidential candidate Ted Cruz (R-TX) will join U.S. Congresswoman Lizzie Fletcher (D-TX), Pen Test Partners Live-Hacker Ken Munro, Invatare CEO and former Statoil North America CIO Trond Ellefsen, and Sports Illustrated senior writer and best-selling author Ben Reiter as a keynote speaker confirmed to appear at the OilComm Conference and Exposition...

Astrocast, an Internet of Things (IoT) nanosatellite network developer, closed $9.2 million (9 million CHF) Series A round of funding from new and existing investors. The company has raised &16.9 million (16.6 million CHF) to date and will use the capital to accelerate production of IoT modules, to begin the commercial phase and deployment of...

SES revealed that Andrew Browne, Chief Financial Officer (CFO) of SES, decided to step down for personal and family reasons and to pursue other endeavors. According to the release, the search for a successor is underway and an announcement will be made in due course. Andrew has a long and successful history with SES, starting...

Tom Choi, Executive Chairman at Airspace Internet Exchange has announced the signing of an MOU with PT Telekomunikasi, one of the largest telecommunications operator in Southeast Asia, that will put one of Choi’s latest inventions to the test. PT Telekomunikasi will evaluate and test Curvalux — an advanced multi-beam phased array wireless access and backbone...

Terran Orbital subsidiary Tyvak Nano-Satellite Systems has partnered with 3D-printed telecommunications equipment provider SWISSto12 to manufacture mini-GEO satellites, the companies announced Aug. 29. Tyvak will provide mission operations, platform, and payload expertise, and SWISSto12 will contribute end-to-end telecom payload and 3-D printed RF products. With both companies’ engineering teams from both Europe and the U.S. working together,...

With the onset of OTT and services such as Netflix and Amazon Prime entering into mainstream consciousness over the last few years, the question of how big of a threat this is to DTH and satellite operators’ revenues is a key question. However, according to the latest research by European consultancy Dataxis, DTH revenues and...