Finance

Scandinavian hybrid satellite router and broadband solution provider Forsway is expanding its operations in North America and opening a sales office in Dallas, Texas, the company announced April 11. Forsway...

NSR’s Wireless Backhaul and 5G via Satellite 13th Edition report forecasts over $32 billion in revenue by 2028, with 5G supporting a third of the overall satellite backhaul market. According...

Intelsat confirmed that it is experiencing a service outage on its Intelsat 29e satellite. The operator said the satellite’s propulsion system was damaged late on Sunday, April 7. The damage caused...

The space robotics market is predicted to hike from $2 billion in 2018 to around $3.5 billion by 2025, according to a 2019 Global Market Insights report. According to the...

Viasat is opening a new headquarters in Montes Urales, Mexico, located in the northwest part of Mexico City. The new facility will provide the satellite operator with a base to...

Eutelsat Communications is set to become a partner of Seraphim Space Camp, the U.K.’s first accelerator for space technology start-ups. Launched by Seraphim Capital, Seraphim Space Camp was created a year...

Singapore Technologies Engineering (ST Engineering) revealed that its subsidiary, Singapore Technologies Engineering (Europe), entered into a conditional share purchase agreement to acquire a 100 percent ownership in Newtec. The consideration of...

A consortium comprised of U.S. U.K., and Canada-based private equity companies agreed to buy Inmarsat for $3.4 billion. The consortium, made up of Apax Partners, Warburg Pincus International, and Canada Pension...

Tarana Wireless secured $60 million of financing with Khosla Ventures and EchoStar, as a follow-on to financing of $28 million led by 1010 Holdings, the family offices of Greg Wyler....

Another set of companies has submitted a proposal in an attempt to acquire Inmarsat. It was confirmed late last night that Inmarsat has received a non-binding proposal from Apax Partners,...