Telesat today announced its financial results for the three and six-month periods ended June 30, 2021. Adjusted EBITDA was CDN$ 149 million, a decrease of 10% ($16 million) or, when adjusted for foreign exchange rates, a decrease of 3% (CDN$5 million). The Adjusted EBITDA margin1 for the second quarter of 2021 was 79.2%, compared to 79.1% in 2020.
Note: All amounts below are in Canadian dollars.
“And now for something completely different.” Words first uttered by John Cleese in 1971, and repeated by Lorraine Whitfield, Chief Events and Marketing Officer, Euroconsult, at the opening of this year’s World Satellite Business Week. Words that sum up, not only this conference, being the first time that WSBW has been a virtual conference, but words that also sum up this year for most of us.
Hanwha, a South Korean Fortune 500, global technology and manufacturing company has announced a US $300 million equity investment by its subsidiary Hanwha Systems in OneWeb, the Low Earth Orbit (LEO) satellite communications company. This investment brings OneWeb’s total equity investment since November 2020 to US $ 2.7 Billion with no debt issuance. The investment is expected to be completed in the first half of 2022, subject to regulatory approvals.
The SpaceTech sector experienced another record-breaking quarter of venture financing in Q2 2021, both in terms of amounts invested and deals done, according to the latest figures from the Seraphim SpaceTech Venture Capital Index (“the Index”) published today.
Al Yah Satellite Communications Company PJSC listed on the Abu Dhabi Securities Exchange (“ADX”) under (SYMBOL: YAHSAT) (ISIN: AEA007501017), oday announced its financial results for the period 1st half 2021 ended 30 June 2021. In its first announcement after the successful completion of its initial public offering (the "IPO") on 14 July 2021, Yahsat reported robust financial performance for the first half of 2021, showing strong results across all operating segments.
SpaceX is acquiring the small-satellite data provider Swarm Technologies, absorbing the startup’s roughly 30 employees and its network around 150 tiny satellites. The deal is extremely rare for SpaceX, which normally manufactures its rocket and satellite hardware in-house or hires subcontractors according to analysts.
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter of 2021. Highlights include (all figures in US$):
Sir Richard Branson, Founder of the Virgin Group, will deliver SATELLITE 2021’s opening keynote address on Thursday, September 9th at 8:30 am ET at the Gaylord National Convention Center in National Harbor, MD.
Intelsat S.A. (OTC: INTEQ), today announced financial results for the three months ended June 30, 2021. Intelsat reported total revenue was US$ 507.9 million and net loss attributable to Intelsat S.A. was US$ 152.3 million for the three months ended June 30, 2021. Intelsat reported EBITDA, or earnings before net interest, taxes and depreciation and amortization, of US$ 150.4 million and Adjusted EBITDA of US$ 283.8 million, or 56% of revenue, for the three months ended June 30, 2021.
The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL), chaired by Dominique D’Hinnin, announced the financial results for the year ended June 30 2021. Highlights of the results include:
