Viasat has entered into a definitive agreement under which Viasat will acquire Inmarsat in a transaction valued at $7.3 billion, comprised of $850.0 million in cash, approximately 46.36 million shares of Viasat common stock valued at $3.1 billion based on the closing price on Friday November 5, 2021, and the assumption of $3.4 billion of net debt.
Artel Video Systems, a world-class provider of innovative, real-time multimedia delivery solutions serving global markets, has appointed Egor Tyagunov as lead business development and account manager for the EMEA region and other emerging markets.
Intelsat announced financial results for the third quarter, which ended September 30, 2021. Total Q3 2021 revenue increased by $36.6 million to $526.1 million, a 7% increase compared to Q3 2020, primarily reflecting the consolidation of revenue from its commercial aviation business.
NEOM Tech & Digital Holding Company – the first holding company to be established as a subsidiary of NEOM – and OneWeb, the second-largest LEO operator with 358 satellites and the only licensed operator in Saudi Arabia, have signed a $200 million (SAR 750m) joint venture agreement to bring high-speed satellite connectivity to NEOM, Saudi Arabia and the wider Middle East and neighboring East African countries.
SES announced its financial results for the nine-month period of 2021. The company’s solid performance delivered revenue of €1.3 billion and adjusted EBITDA of €823 million. Over 95% of the FY 2021 revenue outlook is also already under contract.
After spending more than 18 years at the company in various leadership roles, Intelsat CEO Stephen Spengler will retire after the satellite operator surfaces from Chapter 11 bankruptcy protection.
SES and Isotropic Systems, the leading developer of transformational multi-link satellite technology, successfully completed the first-ever simultaneous multi-orbit antenna field tests, a game-changing development empowering a new age of connectivity on land, in the air, and at sea for both civil and defense communications.
Landsat-9, considered the world’s most important satellite was launched to orbit on an Atlas rocket from California’s Vandenberg Space Force Base. According to experts, once the Atlas rocket drops it off at just under 680km in altitude, the Landsat-9 will use its thrusters to climb to a height of over 700km. The images relayed by the spacecraft will be compared with its predecessor, Landsat-8, launched in 2013 as well as images in the old Landsat archive for scientists to extract important information about the state of Earth's surface.
Verizon and Project Kuiper, an advanced low Earth orbit (LEO) satellite network from Amazon made a strategic collaboration to develop connectivity solutions for unserved and underserved communities. As part of the collaboration, Project Kuiper and Verizon have begun to develop technical specifications and define preliminary commercial models for a range of connectivity services for US consumers and global enterprise customers operating in rural and remote locations around the world.
SES and Hughes Network Systems have successfully demonstrated a new multi-orbit satellite communications (SATCOM) capability for remotely piloted aircraft. Conducted for General Atomics Aeronautical Systems, Inc. (GA-ASI), the demonstration paired Hughes HM series software-defined modems and Resource Management System (RMS) with SES’s satellites that operate in geosynchronous (GEO) and medium earth (MEO) orbits. SES’s unique multi-orbit fleet, which delivers global coverage, high throughput and security, was leveraged to show how unmanned aerial vehicles, such as the GA-ASI MQ-9 series, can maintain crucial connectivity and resiliency, even in contested environments.
