Canadian-based satellite construction specialists MDA has increased its offer to buy satcom technology provider SatixFy by 43 per cent as it faced a competing bid. The increased offer values SatixFy at $280 million (€247.9m). Back on April 1 when the acquisition was first announced MDA had offered $2.10 per share. SatixFy then approached 75 potential […]
Consolidation is running through the satellite industry. A year ago it was Eutelsat absorbing OneWeb, Viasat buying Inmarsat and more recently SES making a $3.1 billion (€2.8bn) commitment to acquire rival Intelsat. The SES/Intelsat move is expected to wrap this summer. Consolidation is also affecting smaller satellite businesses. April 1st saw Canada-based MDA announce its […]
The New York Stock Exchange (NYSE) has said that Israel-based satellite operator SatixFy, as of November 30th, did not comply with the exchange’s rules. One of its key rules concerns a company’s overall valuation. Businesses registered on the exchange must have a minimum stockholders’ equity of $2,000,000 in 2 of its 3 most recent fiscal […]
SatixFy Communications, a specialist in next-generation satellite communication systems based on in-house-developed chipsets, has announced a $60 million (€55.5m) transaction with MDA, a provider of advanced technology and services to the rapidly expanding global space industry. The strategic transaction establishes cooperation between the companies, to utilise SatixFy’s digital payload chip based technology to advanced digital […]
SatixFy Communications has announced that the company’s Co-Founder, Co-Chairman and CEO Yoel Gat passed away on April 8th. Yoav Leibovitch, Co-Founder, Co-Chairman and Chief Financial Officer, issued the following statement on behalf of himself and SatixFy’s Board: “We are deeply saddened by the passing of Yoel. He was a tremendous visionary and the driving force […]
Telesat, the satellite operator, and SatixFy, a provider of next-generation satellite communication and space systems based on in-house developed ASICs, have announced an agreement to deploy SatixFy baseband modem equipment for Telesat Lightspeed gateway earth stations throughout the world. The SatixFy advanced Sx3099 landing station modems will be capable of processing up to 1.6 GHz […]
A group of UK space tech companies are developing a new beam-hopping satellite designed to allow satellites to switch which part of the world they cover, managing real-time surges in commercial demand or responding to emergencies such as natural disasters, thanks to Government funding. Led by LEO satellite communications network OneWeb, the industrial partners have […]
Satellite constellation operator OneWeb is linking with SatixFy which develops multi-beam communication antennas. The pair want to tap into demand for In Flight Communications and broadband. The two say they have signed an agreement to develop a new In-Flight Connectivity (IFC) terminal that will work over the OneWeb network as well as on Geostationary (GEO) […]