Global Markets - Latest Developments


New York City, February 1, 2024
Innovations taking place in the satellite sector continue to reshape the satellite services market. First it was HTS massively expanding the supply of bandwidth and reducing the cost per bit. Then it was LEO broadband, which made dynamic software-based management critical to connectivity. 
Honolulu, Hawaii, February 1, 2024 by Bruce Elbert
The Pacific Telecommunications Council (PTC) Conference (PTC'24) held in Honolulu, Hawaii from January 21-24 continues with the same format post COVID and maintains its position as the primary event in the Asia-Pacific Region for telecommunications via fiber, satellite and cellular wireless. The satellite presence is about 25% of the sessions and attendance, yet the level of individuals and the topics covered are very germane to understanding the state of the satellite communications industry and what we expect in coming years. 
Paris, France, January 29, 2024
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) has completed the sale of OneWeb’s 50% share in the Airbus OneWeb Satellites joint venture.
Melville, N.Y., January 22, 2024
Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a leading global technology company providing terrestrial and wireless network solutions, next-generation 911 emergency services, satellite and space communications technologies, and cloud native capabilities, today announced a $45.0 million investment by current shareholders White Hat Capital Partners LP (“White Hat”), an investment firm focused on sustainable value creation in technology companies serving mission-critical applications, and funds affiliated with Magnetar, a leading alternative investment manager with over $14 billion of assets under management. In connection with the investment, the Company exchanged all outstanding shares of Comtech’s existing convertible preferred stock for a new series of convertible preferred stock.
Rockville, MD – January 18, 2024

The SATELLITE 2024 Conference and Exhibition has announced several new keynotes and headlining speakers for the upcoming event, taking place March 18-21, 2024 at the Walter E. Washington Convention Center in Washington, DC.

Denver, CO., January 16, 2024
Imagine Communications, a leading provider of ad tech solutions for TV broadcast, has signed a definitive agreement to acquire the award-winning Marketron REV broadcast sales and order management platform. By integrating the powerful sales growth engine into its core ad tech portfolio, Imagine now offers a comprehensive monetization solution that enables North American broadcasters to transform daily sales operations, maximize revenue and prepare for a future of converged orders and expanded audience measurement. The product will be re-released as CrossFlight™ after some key enhancements for broadcast TV and is expected to be available in early 2024.
Dubai, UAE, January 11,2024
Turnaround Underway following Solid Performance under New Ownership. ABS Group[1] reports for the twelve months ended 30 September 2023.
London, UK, January 9, 2024
IBC announces today that the call for Technical Papers is now open for the IBC2024 Conference. IBC is world-renowned for the quality, timeliness and innovative subject matter of its Technical Papers. The event is an excellent opportunity for forward-thinking technologists and companies to unveil their ideas and research to media industry leaders hungry for new technology concepts, their possible uses and practical applications.
Campbell, CA, January 8, 2024
/PRNewswire/ -- Mobile Experts released a new market study today, Satellite Broadband 2024, outlining the future for Satellite Broadband systems and forecasting satellite launches and subscriber numbers through 2028. The new report compares the costs of Low Earth Orbit, Geosynchronous Earth Orbit, and terrestrial Fixed Wireless Access to illustrate where LEO, GEO, and FWA technologies will be used by broadband subscribers. Cost factors and capacity/data speed are two key factors that illustrate the best way to segment the rural broadband market—and of course the analysis leads to a five-year forecast for CPE shipments.
Oslo, Norway, January 4, 2024
Telenor Satellite, a leading European provider of satellite TV broadcast and VSAT data communications services for maritime and land-based sectors, has today announced that its acquisition by Space Norway has been ratified following approval from the Norwegian Parliament.  The transaction was closed with the formal signing of the agreement on January 4th 2024.