Chinese telecommunications company Beijing Xinwei Technology Group is to buy Israeli satellite communications company, Spacecom, for $190 million (€177m), according to Israeli press reports, unconfirmed by the company. A Statement from the company issued to advanced-television.com said: “Spacecom wishes to inform the public that merger talks with Luxembourg Space Telecommunication S.A., a Luxembourg company and […]
Elon Musk has made no secret of his plans to launch a massive 1600 constellation of satellites to girdle the Earth and provide low-cost high-speed broadband to everyone. This week, Musk’s SpaceX rocket launch company made a formal application to the USA’s Federal Communications Commission (FCC) to proceed. “The system is designed to provide a […]
The latest edition of the Ericsson Mobility Report forecasts that there will be 550 million 5G subscriptions in 2022. North America will lead the way in uptake of 5G subscriptions, where a quarter of all mobile subscriptions are forecast to be for 5G in 2022. Asia Pacific will be the second fastest growing region for […]
Fast-growing satellite communications and facilities company Speedcast is to buy Harris CapRock, for $425 million (€386m). Harris CapRock has a strong position in supplying bandwidth and connectivity in the Energy and Maritime sectors. The acquisition strengthens SpeedCast’s already strong position in the Maritime industry, in which Harris CapRock has a leading position, and in particular, […]
Intelsat reported that its future contracted backlog had fallen from $9.2 billion (€8.4bn) $8.9 billion over the past 3 months. This means that since December 31st last year, Intelsat’s backlog has fallen from $9.4 billion to today’s $8.9 billion, which still represents 4-times annual revenues. Revenues for the quarter-year were also under pressure at $542 […]
Satellite operator Eutelsat and Abu Dhabi-based Yahsat have signed a multi-year capacity agreement giving Broadband for Africa, Eutelsat’s African broadband venture, access to high-performance commercial Ka-band capacity for broadband services across Sub-Saharan Africa. The deal means that the initiative between Eutelsat and Facebook leveraging satellite technologies to get more Africans online is now back on […]
On top of the existing O3b satellite constellation, Iridium’s 66-satellite package, and others promised by the likes of OneWeb, SpaceX, and even media players such as Google hinting at plans, yet another is proposed constellation is now in the development stage. India’s Astrome Technologies says it wants a 150 satellite constellation to be in orbit […]
The mega-media- merger to end all mega… etc. That is until the next one comes along. Except – if it goes ahead – this really might be the last of this kind of deal. This takeover will be sold hard as a ‘traditional’ vertical integration play – a content owner and a pipes owner come […]
Es’hailSat CEO Ali Ahmed Al-Kuwari looks to the future and a second satellite in 2017 as demand for TV and business services grows in the MENA region. The company is determined to be a major provider and is a key part of Qatar’s 2030 plan to develop economic emphasis away from energy. [bitsontherun tZwO56lu-hLYU43gg]
SES has announced the launch of its global SES Maritime+ service that will deliver high-speed connectivity to vessels traversing oceans. SES Maritime+ will enable maritime customers to have easy access to customisable bandwidth and coverage packages, ensuring satellite capacity is effectively utilised. Vessels traversing the oceans will be offered seamless roaming, leveraging SES’s global fleet […]