SES has dramatically turned up the heat in its increasingly acrimonious dispute with Intelsat over the division of the FCC’s ‘incentive’ payments for C-Band restructuring over the US. There will be a detailed court hearing on SES’s allegations in June. Intelsat has already asked its bankruptcy court to ‘seal’ many of the documents, but SES, […]
LG Electronics is closing its mobile business unit to “focus on alternative growth sectors”. LG’s strategic decision to exit what it describes as “the incredibly-competitive” mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well […]
UK Prime Minister Boris Johnson and Digital Secretary Oliver Dowden have met with broadband industry leaders and praised the sector for creating more than 22,000 jobs over the last year as forecasts for gigabit rollout are revised further upwards. They welcomed the firms’ work to help the nation build back better from the pandemic with […]
India’s TRAI (Telecom Regulatory Authority of India) regulator has been asked to object to Elon Musk’s plan to offer his Starlink broadband-by-satellite service to India. TRAI, as well as India’s Space Research Organisation (ISRO), are being asked to object to SpaceX’s Starlink deployment by a group of technology giants under the umbrella Broadband India Forum […]
Deluxe, a provider of digital and cloud-based solutions to content production studios and distributors, has acquired Sony New Media Solutions, a subsidiary of Sony Electronics which provides a wide array of media platform services to media companies, including Sony Pictures Entertainment. Terms of the deal will not be disclosed. This development brings together two advanced […]
OneWeb, the global communications company powered from Space, has announced the appointment of Per Borgklint as Chief Commercial Officer (CCO). Borgklint joins OneWeb with more than 20 years’ experience in leadership positions across telco, media, and software, including the Swedish multinational Ericsson, and CEO positions at Net1, Canal+, Tele2 Netherlands, and Optimal Telecom. Borgklint will […]
Nilesat’s CEO Ahmed Anis confirmed to a general assembly meeting of shareholders that the company recorded net profits of more than $34 million last year. The profit was based on revenues of $125 million. However, this was a 4 per cent decline on 2019’s $130.7 million revenue. He told the meeting that Nilesat had paid […]
VITEC, a global player in IP video streaming solutions, has announced the strategic acquisition of Exterity, a provider of integrated IPTV, digital signage and user engagement technologies. VITEC says the move signals its intention to accelerate growth and strengthen its leadership position, with natural technology and customer synergies between the two companies that will enable […]
Last year, in-flight communications operator Gogo split itself into two. It sold its airline passenger commercial division to Intelsat for $400 million. It is now refinancing its private aircraft business communications division. Gogo said on April 1st that it had started a convertible debt exchange and the beginning of a refinancing process, marking significant progress […]
Space and satellite specialist MDA has announced its share price offer for the upcoming IPO. It will offer shares at C$14 per common share, with the target to raise approximately C$400 million. The offer will close on April 7th. The Toronto Stock Exchange has conditionally approved the listing of the Common Shares, subject to the […]