Global Markets - Latest Developments
The Asia Video Summit marked a successful return to Hong Kong, with almost 300 delegates attending the conference in person and virtually.
The Asia Satellite Business Week (ASBW), part of the larger Asia Tech X Singapore (ATxSG, formerly known as CommunicAsia), took place from 7-8 June at the Singapore EXPO. Organized by Euroconsult, the conference brought together leaders from across the Asia-Pacific space and satcom industry, and featured two days packed full of panels, networking, and fireside chats with local space agencies and other stakeholders.
The Asia Video Summit marked a successful return to Hong Kong, with almost 300 delegates attending the conference in person and virtually.
Alén Space, the pioneering New Space startup based in Spain, has just entered into an acquisition agreement with the multinational tech firm GMV, which will make it part of GMV’s global business group.
Asia Satellite Telecommunications Co. Ltd. (AsiaSat), Asia’s premier satellite solutions provider, has announced its 100% acquisition of Lightning International Limited, the content distribution and media solutions company based in the UK and Hong Kong. The addition of Lightning into the AsiaSat family is a strategic move to expand the company’s services and extend its clients’ reach to global audiences through traditional and new distribution platforms including OTT and FAST.
Vyoma, a Germany-based Space Situational Awareness (SSA) and Space Traffic Management (STM) company, announces the closure of its Seed round with Safran Corporate Ventures as co-investor. Safran’s venture capital arm funds transformative technologies and supports deep-tech companies that have the potential to reshape the European aviation, space and defense sectors.
On 1 June 2023 Intersputnik, in partnership with Satellite Market & Research, organised the international conference NatSatTel-2023 “Key Trends and Opportunities in the Global Satellite Industry”. Over 150 delegates from 44 countries across various regions, including Africa, Asia-Pacific, Middle East, North and South Americas, Central Asia, and Europe, have attended the online event. NatSatTel-2023 has gained attention from a wide range of private companies, corporations and government organisations.
On June 6, the Asia Video Industry Association (AVIA) annual satellite conference, the Satellite Industry Forum, welcomed over 140 delegates and speakers including some of the satellite industry’s largest operators for a day of discussion on the challenges and growth opportunities of the satellite connectivity market valued at $11.2 billion in 2021, and projected to reach $22.1 billion by 2031.
Comtech (NASDAQ: CMTL) today announced its third quarter fiscal 2023 financial results and updated its fourth quarter fiscal 2023 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website.
