The National Association of Broadcasters, the organizers of the annual NAB show in Las Vegas announced today that it is canceling the live event scheduled to be held from October 10-13. While the live event will no longer be held, the NAB kept open options for virtual content through NAB Amplify.
The NAB issued the follwing statement today:
Spire Global, Inc. (NYSE: SPIR), a provider of space-based data, analytics and space services, and exactEarth Ltd. (TSX: XCT) announced today that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately US$161.2 million (CAD$204.2 million) in cash and stock, which implies ~9.1x exactEarth’s Enterprise Value to LTM revenue.
Providence Equity Partners, a private equity firm that specialises in the media, communications, education, software and services industries, has agreed to acquire a majority shareholding in Marlink from Apax Partners SAS, a European private equity firm based in Paris. The transaction results in an enterprise value for Marlink Group of approximately US$1.4 Billon.
Apax, will retain a significant minority shareholding. Marlink’s management team and world leading investment house Ardian have also committed to minority interests.
ITS Electronics, a provider of satellite communications equipment for earth stations, mobile, naval and aeronautical applications and TTI Norte, a provider of satellite communications equipment for earth stations and space applications announced today a strategic partnership agreement. The agreement enables ITS Electronics and TTI Norte to access and sell each company’s RF products/services, jointly develop products and provide after sales support for products in EMEA and North America.
As with many industries, the satellite industry has not been spared the effects of the global COVID-19 pandemic which hit the world over a year and a half ago. The pandemic has drastically disrupted supply chains and practically shut down key market segments for satellite such as in-flight connectivity and some key segments of the maritime sector such as the cruise ship business. Some key installations and contracts were delayed due to travel restrictions.
Welcome to National Harbor, in-person or virtually! In my previous column for Satellite Markets & Research I included reference to some details of the SATELLITE 2021 (https://gvf.org/event/satellite-2021/) conference program, an event comprising both digital and in-person content and featuring two panel sessions to be hosted by GVF.
The National Association of Broadcasters (NAB) is launching a new NAB
The 36th edition of the Space Symposium held at the Broadmoor Hotel in Colorado Springs from August 23-26, 2021 was the first major industry event to be held live since the start of the pandemic in 2020.
