The annual AfricaCom Awards will once again celebrate success and innovation this year, by recognising the achievements of the best companies, solutions, products and personalities improving connectivity and driving Africa through the Fourth Industrial Revolution.

ITU Telecom World 2018 officially opened for business today in Durban, South Africa with a dynamic Opening Ceremony in the presence of H.E. Nomvula Paula Mokonyane, Minister of Communications, South Africa; Acting Premier of KwaZulu Natal, Sihle Zikalala; H.E.

Across all regions, a plethora of “New Space” companies are bringing about innovative and affordable solutions to access space

Overview

Finding the right niche

Introduction:

Global Invacom has announced the acquisition, in the ordinary course of business, of certain assets together with the associated IP, R&D team and inventory from a number of companies across the Skyware Technologies Group.

The acquisition is for an initial cash consideration of US$3.1 million, with a further US$0.3 million to be provided as product, and a maximum additional US$0.5 million payable on delivery of revenue related earn-out targets. The consideration will be funded from existing cash resources on a debt-free basis.

IBC2018, the world’s most influential media, entertainment and technology show, today announces the line-up for the IBC Future Zone and IABM Future Trends Theatre.

Encompass Digital Media, a global technology services company delivering end-to-end video playout and distribution solutions to broadcast and digital media companies, announced today it has signed a definitive agreement to acquire Babcock International Group’s (Babcock’s) Media Services business. This deal expands Encompass’ scale in EMEA and extends the company’s combined channel playout, transmission and digital products portfolio while adding international radio distribution to its suite of services.

Remote communication and IT solutions provider Speedcast International Limited (ASX: SDA) today announced its financial results for the six-month period ended 30 June 2018 (1H 2018), with group revenues of US$304.9 million, a 24% period-on-period increase.

Speedcast said its EBITDA grew 14% to US$60.4 million (1H 2017: US$53.2 million) with the Board declaring a fully franked interim dividend of AU$2.40 cents per share for the six-month period ended 30 June 2018

Boeing [NYSE: BA] will acquire Millennium Space Systems, a provider of agile, flight-proven small-satellite solutions, under an acquisition agreement that will expand Boeing's satellite and space portfolio, talent and capabilities.

Eutelsat has sold its interest in the Eutelsat 25B satellite operated at 25.5 degrees East to the co-owner of the satellite, Es’hailSat, for a consideration of €135 million (US$154 million).

The company said Eutelsat’s share of the satellite generated FY2018 revenues of €16 million (US$18.26 milion) in the video application.

It added the divestment of this non-core asset is in line with Eutelsat’s strategy of optimizing its portfolio of businesses in the context of its policy of maximizing cash generation.