The pandemic has made those of us lucky enough to still have jobs wince at the word “virtual.” We take part in virtual meetings and virtual cocktail hours. We attend virtual conferences, receive virtual medical care and see virtual versions of our adult children and young grandchildren. It is virtually impossible to escape from our screened-in lives. On the other hand, I have to point out that we are very short on gratitude when it comes to appreciating all that virtualization has allowed us to preserve.
Global Markets - Latest Developments
AAC Clyde Space announced that it has entered into a conditional agreement for the acquisition of the privately owned Swedish company Omnisys Instruments, a leading developer and manufacturer of measuring instruments for advanced space projects.
For the year ended December 31, 2020, Intelsat reported total revenue of US$ 1.91 Billion and net loss attributable to Intelsat S.A. of US$ 911.7 million. Intelsat reported total revenue of US$ 482.8 million and net loss attributable to Intelsat S.A. of US $271.6 million for the three months ended December 31, 2020.
Marlink, a provider of smart hybrid network solutions, has announced the acquisition of customer contracts and assets from Global Eagle Entertainment (GEE), which has emerged from Chapter 11 restructuring. As part of this deal Marlink has taken over more than 450 VSAT sites in five continents serving large humanitarian/NGO, Embassy, Oil and Gas and Mining customers as well as GEE’s African fixed site land business.
GTMaritime announced that it has transitioned its business to an Employee Owned Trust (EOT), in a deal securing the future of a true shipping technology innovator. The move to an EOT is an exciting development which is set to incentivize employees under the guidance of the management team responsible for establishing GTMaritime as a leading provider of secure data communications software to the shipping industry.
Redwire, a provider of mission-critical space solutions and high reliability components for the next generation space economy, and Genesis Park Acquisition Corp. (NYSE: GNPK), a publicly traded Special Purpose Acquisition Company (SPAC), announced today that they have entered into a definitive merger agreement that will result in Redwire becoming a publicly traded company.
The Asia Video Industry Association (AVIA) will be kicking off its conference calendar for the year with the OTT Summit – The Future of Video Streaming. Alongside the OTT Summit, AVIA will also be hosting Piracy Over the Top, the companion event focused on streaming pirated services, as streaming piracy becomes the biggest competitive threat to the video industry.