Finance

DataPath appointed Henrik Asbjørn to the position of DataPath Senior Director and Head of Sales, Europe. Asbjørn will be responsible for sales and customer development for the company’s satellite and wireless communications products and systems and secure communications software. Asbjørn comes to DataPath after serving as the chief sales officer, Europe, the Middle East, and Africa (EMEA) for the Bullit...

When SES released its latest results last week, it contained few surprises. The Networks business continued to perform well, but Video remains a struggle for the operator. However, an important question for SES in 2019 will be whether or not the C-Band Alliance (CBA) can maintain vital C-Band spectrum. In a report issued yesterday ironically titled...

Maxar Technologies had a rough Fourth Quarter (Q4) 2018, yet is keeping its SSLGeostationary Orbit (GEO) business afloat. The company’s Q4 2018 revenue was $496 million, whereas revenue for the same period the previous year was $545 million. Adjusted EBITDA came in at $84 million for the fourth quarter, while the same period prior saw an...

Telesat released its financial results for 2018, in which it saw similar results to other satellite operators. For for the full year 2018, the company saw exceptional free cash flow. The company also reported that the three-month period ending Dec. 31, 2018 saw an 8 percent decrease in consolidated revenues, compared to the same period...

Inmarsat is partnering with Knight Piésold U.K. to deliver tailings dam monitoring, analysis, and real-time management capabilities for the mining industry. The collaboration agreement with Knight Piésold UK — a member of the international geotechnical, tailings management and engineering consulting group — will combine Inmarsat’s satellite-enabled Internet of Things (IOT) solution, with Knight Piésold’s consultancy. Inmarsat’s solution...

Global law firm Milbank, Tweed, Hadley & McCloy LLP revealed its new branding and legal name, Milbank LLP. This change coincides with the move of Milbank’s headquarters from Wall Street to Hudson Yards, New York City’s newest neighborhood and the largest private real estate development in US history. “Our new brand is a more accurate...

Newtec is collaborating with Wind River to utilize the Wind River Titanium Cloud virtualization platform. This collaboration aims to develop a Newtec 5G solution based on the Newtec Dialog multiservice platform. The Third Generation Partnership Project (3GPP) has defined a service-based architecture where flexibility and dynamic adjustments are the key drivers to meet performance and cost...

UK company Sky and Space Global has received signed binding commitments for raising $12 million in a two-tranche share placement to investors as part of its $15 million fundraising effort. The funds are to be used to facilitate the launching of the first batch of the company’s Pearls constellation nanosatellites network. The launch with Virgin Orbit...

The Reuben Brothers (David Reuben and Simon Reuben) have invested in HiSky, an Israeli company developing a satellite network of terminals based on electronically steered antenna, hub base station, and network management system. This investment will be mostly used for the network roll-out and the Smartellite cost reduction to allow affordable global satellite communication in prices...

EchoStar reported its financial results for both the three and twelve months ended Dec. 31, 2018 in which it saw increased consolidated revenues in Q4 2018, but also a net loss. Total consolidated revenue for Fourth Quarter (Q4) 2018 was $531 million, while total consolidated revenue for the full year 2018 was $2.1 billion. Consolidated...