Finance

Geeks Without Frontiers, a Non-Governmental Organization (NGO) focused on addressing global connectivity challenges, has appointed David Hartshorn as Chief Executive Officer (CEO) effective July 1. Hartshorn, who will be supported by Angie Mar in her new role as Geeks’ international program director, brings more than 25 years of experience tackling global communications issues, including helping...

Spacecom Satellite Communications notified the Tel Aviv Stock Exchange on Monday that it had learned from a government source that the State of Israel intends to buy a new communications satellite from Israel Aerospace Industries (IAI). The new satellite will be positioned at 4 degrees west, in accordance with the state’s needs. This represents a...

In the good old days — before today’s bandwidth bonanza began pushing transponder capacity prices ever lower — the point of most satellite communications was the communications. It was about connecting a single broadcast center to millions of viewers, or headquarters to remote facilities, central offices to base stations or to objects in motion. That...

Harmonic, a provider of video delivery technology and services, has announced its unaudited results for the first quarter of 2018.According to the report, Harmonic achieved Generally Accepted Accounting Principles (GAAP) revenue of $90.1 million, up 9 percent year-over-year. Its non-GAAP revenue is $90.2 million, up 8 percent year-over-year. Within the cable access segment, its GAAP revenue is $18.4...

They say timing is everything and, just as Steve Collar begins his term as CEO of SES, the operator appears ready to turn things around. SES, which announced its first quarter results today, still has a lot of work to do. Overall revenues and profits for the three months ending in March are down from...

Iridium Communications has reported financial results for the first quarter of 2018 and affirmed its full-year 2018 and long-range outlook. Net income was $11.5 million, compared to $37.9 million for the first quarter of 2017. This decrease in net income was primarily the result of a $25 million increase in depreciation and amortization expense compared...

Yahsat has entered into an agreement to acquire a majority stake in the mobile satellite services operator Thuraya. The acquisition of the UAE’s first home grown satellite operator, Thuraya, will significantly expand Yahsat’s current satellite solutions portfolio for both commercial and government verticals, as well as its global footprint, according to the company. Thuraya’s two...

Northrop Grumman opened its fiscal year 2018 on Wednesday with solid results, driven by improved operating performance, lower taxes and a pension benefit, and the company upgraded its earnings outlook for the year. On the earnings call, the company announced it will not bid for the second phase of production for the U.S. Air Force...

Eutelsat Communications has finalized the staffing of its teams in charge of broadband activities with the appointment of Jean-Claude Tshipama to head broadband in Africa. In his new role as CEO of Broadband in Africa, Tshipama’s core mission is to ensure that Eutelsat’s broadband business is successfully deployed across Africa, drawing on the in-orbit resources of...

Globalstar has signed a merger agreement with Thermo Acquisitions, following which Globalstar will acquire assets including metro fiber provider FiberLight, 15.5 million shares of common stock of CenturyLink, $100 million of cash and minority investments in complementary businesses, and assets of $25 million in exchange for Globalstar common stock valued at approximately $1.65 billion, subject...