Last week’s Q1 results from satellite operator SES were encouraging and more or less on the nose in terms of expectations, but there’s a huge caveat. New CEO Steve Collar has only been in the job 22 days and is now conducting an internal review of all his divisions and departments. Previous CEO Karim Michel […]
Egypt’s Nilesat saw its 2017 net profits fall by some $5 million, from a 2016 position of $73,322,889 to $68,570,487 in the 12 months to December 31st. Cairo-based Nilesat held its Annual General Meeting on April 28th and declared that it would be paying a $0.60 per share distribution to shareholders. The main beneficiary is […]
Satellite operator SES has reported what it describes as “solid” financial results for the three months ended March 31st 2018. Group revenue and EBITDA were delivered in line with the company’s expectations, with strong underlying revenue growth in SES Networks. “We have made a solid start to 2018 with our Q1 results in line with […]
Indian DTH player Tata Sky and Netflix have entered into a strategic partnership which the pair say will give subscribers of both Tata Sky and Netflix easy access to a world of content through future Tata Sky platforms. Tata Sky subscribers will be able to browse and access the entire Netflix service, including TV shows, […]
Abu Dhabi-based satellite operator Yahsat is taking a controlling stake in fellow-Emirati satellite company Thuraya. Thuraya operates in the L-band, and is well-known for its provision of sat-phone and other maritime and military services. The acquisition of the UAE’s first home grown satellite operator, Thuraya, will significantly expand Yahsat’s current satellite solutions portfolio for both […]
SES has significantly increased its technical reach in Nigeria to over 11 million TV homes in 2017, up from 3 million in 2015, according to Satellite Monitor, a market study commissioned by SES that provides insights on the broadcasting industry and on SES’s reach in the country. The Satellite Monitor results reveal that SES now […]
Intelsat and Telenor Satellite have signed a long term multi-transponder agreement, which will provide Intelsat with satellite capacity for its broadcast customers on the THOR 5 and THOR 7 satellites. This will allow Intelsat to support the growth of its media customers as they look to bring new and differentiated content to and from the […]
Executives at Comcast have talked up the pluses of the company’s formal binding cash offer of $31 billion (€25.4bn) for Sky, describing it as “a great fit” that provides it with new capabilities, new markets, and other growth opportunities. Speaking on Comcast’s Q1 2018 Results Earnings Call, Brian L Roberts, Chairman and CEO, said he […]
Avanti Communications, the troubled London-based specialist satellite operator, received shareholder approval for its restructuring (‘debt for equity’) plan at a special meeting on April 25th. It means that almost 2 billion new shares will be admitted for trading on London’s Alternative Investment Market today (April 26th). However, the restructuring still leaves the company urgently looking […]
Israeli telco conglomerate Eurocom Group has been ordered by a Tel Aviv court to enter liquidation. The business, which includes a 57 per cent stake in satellite operator Spacecom, and telco Bezeq, will start liquidation proceedings on May 3rd, according to a ruling from Judge Eitan Orenstein. Eurocom is beset with legal problems, not least […]