Global Markets - Latest Developments
Viasat Inc. (NASDAQ: VSAT), today announced it completed the purchase of Euro Broadband Infrastructure Sàrl ("EBI"), the wholesale broadband services business created as part of Viasat's former partnering arrangement with Eutelsat Communications.
The Infocomm Media Development Authority (IMDA), Informa Tech and the Singapore Tourism Board (STB) announced new details around Asia Tech x Singapore (ATxSG) today. The invitation-only ATxSummit will gather top government, tech and business leaders to engage in conversations on trends, challenges and opportunities across four key pillars – Tech x Trust, Tech x Good, Tech x Builders, and Tech x Creative – to shape our shared digital future. The inaugural summit will spearhead ATxSG events, to be held from 13 to 16 July 2021.
The Space sector has seen a record-breaking number of Special Purpose Acquisition Company (SPAC) deals announced in the first quarter of 2021, worth more than US$ 7 Billion collectively. Research conducted by Seraphim Capital reveals that the ‘SpaceTech’ industry has become one of the most sought-after markets for SPAC mergers.
HISPASAT, the Spanish satellite telecommunications operator of the Red Eléctrica Group, has signed an agreement to take over the management and signal transport business of Media Networks Latin America, a subsidiary of the Telefónica Group involved in multimedia. The agreement will be implemented gradually in upcoming months in strict compliance with regulatory provisions and without affecting the service that Movistar’s television clients receive in South America.
Space and information-technology entrepreneur Dr. Max Polyakov today announced the completion of his acquisition of a majority stake in Dragonfly Aerospace, a South African NewSpace company with over 20-year track record in high-performance imaging satellites and payloads.
Satellite operator Eutelsat Communications (Euronext Paris: ETL) has entered into an agreement with OneWeb for the subscription of approximately 24% equity stake, becoming a leading shareholder of the company alongside the UK Government and Bharti Global. Eutelsat will invest US$ 550 million in OneWeb, with closing expected in H2 2021 subject to regulatory authorizations.
IBC today set out more details around its plans to bring the content and technology industry together again to discover the future of media and do business face to face. The world’s most inspiring content and technology event is set to lead the way in a new era of inclusive hybrid events, enabling the industry to engage and discover together, whether physically onsite in Amsterdam or online at home.
The organizers of CABSAT 2021 announced ahat after consultation with their key stakeholders, that a special edition of CABSAT – the region's leading media, entertainment and satellite event, shall take place on 26 - 28 October 2021 at Dubai World Trade Centre EXPO 2020.
C-COM Satellite Systems Inc., (TSXV: CMI and OTCQB: CYSNF) al provider of commercial grade mobile auto-deploying satellite antenna systems, announced today its financial results for the first quarter ended February 28, 2021. The company has generated revenues of CDN$ 4,719,279 and net income after taxes of CDN$ 1,466,580, or four cents per share. This compares with revenues of CDN$ 1,240,630 and a net loss after taxes of CDN$ 186,573, or 0 cents per share as reported in 2020. This Q1 2021 performance represents gains of 280% and 886%, respectively, over Q1 2020’s levels.