Tailwind Two Acquisition Corp. (NYSE:TWNT) , a special purpose acquisition company (SPAC), and Terran Orbital Corporation, an operator of small satellites and provider of earth observation solutions, jointly announced today that they have entered into a definitive business combination agreement. Upon the closing of the transaction, the combined company will operate as Terran Orbital Corporation, with plans to list on the NYSE under the symbol LLAP. The pro forma total enterprise value of the combined companies is approximately US$ 1.58 billion.
Global Markets - Latest Developments
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reported results for the First Quarter ended September 30, 2021. Operating Verticals revenues were €285 million, down 3.4%, in line with the mid-point of full year objectives.
Virgil Labrador's Presentation on "The Key Trends to Watch in the Satellite Industry" at CABSAT 2021
Dubai, UAE, October 27, 2021
![]() Fort Lauderdale, Fla., October 27, 2021
FMC Global, a global provider satellite and wireless connectivity solutions, today announced that it has entered into a definitive agreement with the ERZIA Group to acquire 100% of Santander Teleport (ST). Originally established as a joint venture of ERZIA and MTN Satellite Communications (now the Anuvu maritime division), ST has been ranked by the World Teleport Association (WTA) as one of the top 10 Teleport Operators in the world since inception, and in 2019 it was awarded the internationally prestigious "Independent Teleport of the Year" title. Geneva, Switzerland, October 25, 2021
The next World Radiocommunication Conference, WRC-23, will take place between 20 November and 15 December 2023, the International Telecommunication Union (ITU) confirmed today following a consultation with the ITU Member States around the world. The conference, where governments, regulators and industry gather to update the ITU Radio Regulations, will take place in one of the main cities of the United Arab Emirates (UAE), either Abu Dhabi or Dubai. Hong Kong, October 19, 2021
Asia Satellite Telecommunications Company Limited (AsiaSat), Asia’s premier satellite solutions provider, has acquired a strategic stake in One Click Go Live Limited (formerly known as HERMES Live Technology Limited), a company incorporated in Hong Kong and specialised in video live streaming services and solutions. MCLEAN, Va. October 19, 2021
Iridium Communications Inc. (Nasdaq: IRDM) today reported financial results for the third quarter of 2021 and updated its full-year 2021 outlook. Net loss was US$ 2.1 million, or $0.02 per diluted share, for the third quarter of 2021, as compared to net loss of US$ 4.0 million, or $0.03 per diluted share, for the third quarter of 2020. Melville, NY, October 18, 2021
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced a US$100 million investment by current shareholder White Hat Capital Partners LP, an investment firm focused on sustainable value creation in technology companies serving mission-critical applications, and Magnetar Capital, a leading alternative investment manager with approximately US$ 13.8 billion of assets under management. Long Beach, Calif., October 12, 2021
Rocket Lab USA, Inc. (Nasdaq: RKLB), a launch services and space systems company, today announced it has completed the acquisition of Advanced Solutions, Inc. (ASI), a Colorado-based aerospace engineering firm delivering mission proven space software, mission simulation and test systems, and Guidance, Navigation, and Control (GNC) solutions, for US$ 40 million plus the potential for an additional US$ 5.5 million performance earnout based on CY 2021 results. Budapest, Hungary, October 12, 2021
Hungaro DigiTel Kft. (HDT), a joint subsidiary of 4iG PLC (75%) and Antenna Hungária Zrt. (25%), has entered into a final agreement with Space-Communication Ltd. (Spacecom) to acquire a 51% stake in the company. Spacecom, listed on the Tel Aviv Stock Exchange, is a satellite operator and service provider with a global coverage, consisting of four geosynchronous satellites, which provides its services in Hungary and the Central and Eastern European region via the AMOS 3 satellite. |