Global Markets - Latest Developments
Boca Raton, Fla., February 5, 2024
Terran Orbital Corporation (NYSE: LLAP) a provider of satellite-based solutions primarily serving the aerospace and defense industries, today announced that it has entered into an agreement with the investor group comprised of Sophis Investments LLC, Sophis GP LLC, Tassos Recachinas, Roark’s Drift, LLC, Joseph Roos, Jordi Puig-Suari, Roland Coelho and Austin Williams.
Los Angeles, Calif., February 1, 2024
Satellite connectivity direct to phone and devices is not new for companies like Iridium, Globalstar, Inmarsat that have been active in this market for the last 25-plus years but the new wave is the Low Earth Orbit (LEO) satellite constellations that are now targeting the cellular services and IOT with existing traditional companies already providing some services and new startup coming to this market.
Hong Kong SAR, China, February 1, 2024
As we’ve said for quite some time, the satellite communications market in China has historically been a pretty vanilla affair. On the Geostationary (GEO) side, the state-owned China Satcom runs an effective monopoly on the provision of satellite services, occasionally buying additional capacity from its partial subsidiary APT Satellite, and from foreign operators. On the non-GEO side, we’ve seen limited activity from state-owned China Satellite Networks Limited (China SatNet), a centrally-controlled state-owned enterprise (SOE) founded in 2021 with the purpose of deploying a “Chinese version of Starlink”.
New York City, February 1, 2024
Innovations taking place in the satellite sector continue to reshape the satellite services market. First it was HTS massively expanding the supply of bandwidth and reducing the cost per bit. Then it was LEO broadband, which made dynamic software-based management critical to connectivity.
Honolulu, Hawaii, February 1, 2024 by Bruce Elbert
The Pacific Telecommunications Council (PTC) Conference (PTC'24) held in Honolulu, Hawaii from January 21-24 continues with the same format post COVID and maintains its position as the primary event in the Asia-Pacific Region for telecommunications via fiber, satellite and cellular wireless. The satellite presence is about 25% of the sessions and attendance, yet the level of individuals and the topics covered are very germane to understanding the state of the satellite communications industry and what we expect in coming years.
Paris, France, January 29, 2024
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) has completed the sale of OneWeb’s 50% share in the Airbus OneWeb Satellites joint venture.
Melville, N.Y., January 22, 2024
Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a leading global technology company providing terrestrial and wireless network solutions, next-generation 911 emergency services, satellite and space communications technologies, and cloud native capabilities, today announced a $45.0 million investment by current shareholders White Hat Capital Partners LP (“White Hat”), an investment firm focused on sustainable value creation in technology companies serving mission-critical applications, and funds affiliated with Magnetar, a leading alternative investment manager with over $14 billion of assets under management. In connection with the investment, the Company exchanged all outstanding shares of Comtech’s existing convertible preferred stock for a new series of convertible preferred stock.
Rockville, MD – January 18, 2024
The SATELLITE 2024 Conference and Exhibition has announced several new keynotes and headlining speakers for the upcoming event, taking place March 18-21, 2024 at the Walter E. Washington Convention Center in Washington, DC.
Denver, CO., January 16, 2024
Imagine Communications, a leading provider of ad tech solutions for TV broadcast, has signed a definitive agreement to acquire the award-winning Marketron REV broadcast sales and order management platform. By integrating the powerful sales growth engine into its core ad tech portfolio, Imagine now offers a comprehensive monetization solution that enables North American broadcasters to transform daily sales operations, maximize revenue and prepare for a future of converged orders and expanded audience measurement. The product will be re-released as CrossFlight™ after some key enhancements for broadcast TV and is expected to be available in early 2024.
Dubai, UAE, January 11,2024
Turnaround Underway following Solid Performance under New Ownership. ABS Group[1] reports for the twelve months ended 30 September 2023.
