Finance

Satellogic, an integrated geospatial analytics company, appointed Rick Dunn as the company’s new Chief Financial Officer (CFO). Dunn brings over 25 years of financial experience and leadership to Satellogic, including executive roles in both public and private companies as well as over 10 years in public accounting. Most recently, Dunn served as CFO of PowerTeam...

Intelsat lost $111.3 million during its 2018 fiscal Fourth Quarter (Q4) and $599.6 million during the full year, according to the Virginia-based satellite operator’s latest financial results, published Feb. 20. The company’s Q4 2018 revenue tally of $542.8 million was 4 percent lower than its Q4 2017 results. Intelsat attributed the decline to an expected decrease...

The European Space Agency (ESA) awarded OneWeb $20.4 million (18 million euros) of U.K. Space Agency funding to aid in the development of its next generation satellite constellation. The constellation will be comprised of approximately 650 satellites initially, and scale to more than 900 satellites over time The news comes as the first batch of 10 satellites...

Eutelsat saw its overall revenue drop approximately 4.5 percent in the six months to the end of December 2018, compared to the same stage in 2017. In those six months, Eutelsat achieved total revenues of $742.6 million (658.1 million euros). Net profits for the six months reached $169.7 million1(50.4 million euros) a fall of just...

ViaLite launched a new C-Band Radio Frequency (RF) over fiber link. With a C-Band uplink/downlink frequency range of 3.4 to 7.1 GHz, the link aims to be suitable for use in a wide range of satcom and broadcast applications, as well as some surveillance and weather radar systems. The link’s full frequency range is 500 MHz...

Yahsat is growing its satellite presence around the world. From targeting markets in Africa and Latin America to investing in Thuraya and widening its product portfolio, the company is not standing still. A year on from the significant launch of the Al Yah 3 (AY3) satellite, the company is at a critical inflection point as it looks...

Hispasat, one of the world’s biggest satellite operators, has made a significant business development. It was revealed that Red Eléctrica (REC) and Abertis have reached an agreement whereby REC, through its subsidiary Red Eléctrica Telecommunications Systems (RESTEL), will acquire 89.68 percent of the shareholding of Hispasat, currently held by Abertis, for $1.07 billion (949 million euros). This...

Dish Network reported a decrease in revenue and a loss of subscribers for the quarter ending Dec. 31, 2018, as well as for the full year of 2018. Dish’s Fourth Quarter (Q4) 2018 revenue totaled $3.31 billion, compared to $3.48 billion for the corresponding period in 2017. For the year, Dish reported 2018 total revenue of $13.62 billion, compared to $14.39...

Gilat Satellite Networks reported its results for the Fourth Quarter (Q4) and full year ended Dec. 31, 2018. Both Q4 2018 revenue and yearly revenue saw a dip, compared to the same period the year before. Quarterly revenues were $69.7 million, compared with $82.7 million in Q4 2017. Full year 2018 revenues were $266.4 million versus $282.8 million in 2017, a 5.8 percent...

Thaicom still has work to do as it looks to become a turnaround story over the next two years, considering the company has been operating in a tough environment for satellite capacity and services. Its latest set of full year results, issued Feb. 8, reflect this fact. The company saw a decrease in overall revenues of...