Global Eagle Entertainment today announced that it has successfully completed the sale of substantially all of the Company’s assets to a group comprising the Company’s first-lien investors and its operations have emerged from the Chapter 11 restructuring process.
Consistent with the company’s post-restructuring focus on mobility, the Company also announced it has completed the sale of its legacy non-governmental organization (NGO) and African fixed-site land business to Marlink AS.
Global space business development firm TerraMetric and Euroconsult, a global consulting firm focused on space, and satellite-enabled markets, have entered into a Preferred Strategic Partnership agreement. As part of the cooperation, TerraMetric and Euroconsult will collaborate in a wide range of comprehensive capabilities.
As part of the agreement, Euroconsult's clients will benefit from TerraMetric's proven NewSpace expertise in the space technology and geospatial markets.
Verizon Digital Media Services, now a part of AOL, today announced that it has entered an agreement to acquire Volicon, a provider of video capture, archival, compliance monitoring and clip creation workflow for broadcasters. Volicon will become a key asset for Verizon Digital Media Services, further establishing Verizon Digital Media Services as a key provider of technology and media services to the broadcast and online video industry, according to the company.
Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January 31, 2021 and updated its financial targets for fiscal 2021. Fiscal 2021 Second Quarter highlights include:
Speedcast has successfully completed its restructuring process and today emerged from chapter 11 bankruptcy proceedings under the ownership of Centerbridge Partners, L.P. and its affiliates. Following Centerbridge’s USD $500 million equity investment in the company, Speedcast now has a clean balance sheet with no secured debt and a healthy cash balance, optimally positioning it as a stable, long-term partner for its employees, customers and vendors according to the company.
Space & Satellite Professionals International (SSPI) today announced that it will present the first ever Inspire Award to famed science fiction author Larry Niven at the 2021 Space & Satellite Hall of Fame Celebration on March 23. The Inspire Awards honor artists in visual, literary, and performing arts whose work has inspired the people of the space and satellite industry to create the innovations, raise the funds, and overcome the enormous obstacles to lay the foundations for the space economy of the future.
The SATELLITE Conference announces the two keynote speakers, Neil Masterson, CEO, OneWeb, and Dan Goldberg, CEO, Telesat, to speak at its upcoming LEO Digital Forum, the first major satellite event of the year taking place April 6-8 on a digital event platform.
Poorly-performing economies have hit Latin American pay TV. The number of pay TV subscribers fell by 4 million in both 2019 and 2020 according to Digital TV Research.
There are many exciting developments in the Satellite communication on the move (COTM) market. Among these developments, the most promising might just be the launch of flat panel antennas (FPAs) which aretransforming the Land, Maritime and Aeronautical COTM markets. FPAs may just supplant the traditional parabolic antennas, if the cost and economics would make it a feasible solution.
In considering the theme for this month’s column my prompt came from threads of discussion featuring in GVF’s continuing online events program (https://gvf.org/webinars/) which resumed in January, following our successful 2020 online content response to the limiting circumstances of a pandemic world. Mid-February’s Zoom into the subject of ground segment attracted 400 registrations, 300 actual attendances from 60 countries, and over 30 live questions, in addition to the moderator-led Roundtable dialogue.
