Bruun Takes the Helm at KVH Industries
KVH Industries, Inc., announced that its Board of Directors has appointed Brent C. Bruun as President and Chief Executive Officer and a member of the Board. The Board also appointed two seasoned industry executives, David Kagan and David Tolley, as directors of KVH.Bruun first joined KVH in 2008 and has served as KVH’s Interim President and Chief Executive Officer since March 2022. He also served as Chief Operating Officer of KVH beginning in 2016, as well as Interim Chief Financial Officer of the Company.
Intelsat, APSATCOM Launch IntelsatOne Flex Maritime in Asia
Intelsat S.A. announced that APT Mobile Satcom Ltd. (APSATCOM) will become the first maritime solution partner to offer, in China, IntelsatOne Flex for Maritime services. This agreement will deliver a seamless global maritime network for APSATCOM’s customers, providing unparalleled throughput, improved economics, and easier access to broadband services, the company said.Under the new, multi-year agreement, Intelsat will provide IntelsatOne Flex for Maritime services, interconnection, and backhaul to APSATCOM’s data centers. The award-winning IntelsatOne Flex for Maritime platform is a seamlessly integrated managed service that offers…
For Seafarers, Net Access is a Must -Report
The Crew Connectivity 2018 Survey Report, sponsored by KVH Industries and Intelsat, shows digital transformation underway in the maritime industry. Roger Adamson, Futurenautics Maritime’s chief executive officer, presented to a London audience yesterday the key findings from his research organization’s newly released Crew Connectivity 2018 Survey Report, sponsored by KVH Industries, Inc. and Intelsat S.A. The report is based on a survey of 6,000 serving seafarers, the largest sample to date to complete the wide-ranging questionnaire covering onboard attitudes to the digital transformation sweeping the industry. According to the report…
Marlink Secures Global Intelsat EpicNG Maritime Coverage
Marlink is a long-standing Intelsat S.A. customer, with services on multiple Intelsat satellites and the IntelsatOne terrestrial network, has signed an agreement for high-throughput connectivity from Intelsat’s Horizons 3e satellite. Horizons 3e, a joint venture satellite owned by Intelsat and SKY Perfect JSAT Corporation, will be stationed at 169o East to deliver connectivity in the Asia-Pacific region. The satellite is scheduled for launch in the second half of 2018, and when combined with the already contracted high-throughput broadband services provided by Intelsat 29e, Intelsat 33e and Intelsat 35e, Marlink will offer Intelsat EpicNG performance to its maritime customers traversing the world’s busiest shipping routes.
Broadband Upgrade for MSC Cruises
Intelsat S.A. has been selected by Marlink to deliver fast, high quality Intelsat EpicNG broadband connectivity to Mediterranean Shipping Company’s (MSC) cruise ships. At the end of May, MSC Cruises began to apply EpicNG’s high throughput connectivity aboard the MSC Divina, one of the world’s largest cruise ships. Utilizing Intelsat’s Globalized Network, Marlink will provide broadband connectivity to all of MSC Cruises’ 12 existing ships, ensuring the company’s entire fleet will be covered globally.
Intelsat Launches Intelsat 31
Intelsat S.A. (NYSE: I), operator of the world’s first Globalized Network, powered by its leading satellite backbone, announced the successful launch of the Intelsat 31 satellite, which is hosting the DLA-2 payload for DIRECTV Latin America. Intelsat 31 was launched from the Baikonur Cosmodrome, Kazakhstan aboard an ILS Proton launch vehicle. Liftoff occurred at 7:10 GMT. The Intelsat 31 satellite separated from the rocket’s upper stage at 22:41 GMT, and signal acquisition has been confirmed. Built for Intelsat by Space Systems/Loral (SSL), Intelsat 31 is a 20-kilowatt class Ku- and C-band satellite. The Ku-band payload, known as DLA-2…
Intelsat, Marlink Partnership Fruitful
Marlink and Intelsat S.A., operator of the world’s first Globalized Network, announced that itsstrategic agreement – initiated in 2014 to introduce improved maritime offerings to the marketplace – continues to pay dividends for the companies and the maritime end-users. Marlink continues to roll out additional connectivity services via Intelsat’s Globalized Network which includes secure access to Intelsat’s global Ku-band capacity and terrestrially managed network, IntelsatOne. Marlink is now preparing to deliver a quantum improvement in throughput that will help satisfy end-user demand as the first of the Intelsat EpicNG satellites is on schedule to be integrated into the network solution in the second quarter of 2016.
Intelsat Announces Q4 and 2015 Results
Intelsat S.A., a provider of satellite services, has announced preliminary financial results for the three months and full year ended December 31, 2015. Intelsat reported preliminary total revenue of $571.3 million for the three months ended December 31, 2015. The company expects to incur a non-cash impairment charge resulting in a substantial reduction of our $6.8 billion goodwill and other intangible assets. The charges primarily reflect a reduction to the goodwill value established as a result of the acquisition of Intelsat in 2008. At present, we believe this process will be completed in the next two weeks after which we would expect to file our Annual Report on Form 20-F for the year ended December 31, 2015.
Intelsat 34 Satellite Launched Successfully
Intelsat S.A. today reported that its Intelsat 34 satellite was launched successfully from French Guiana aboard an Ariane 5 vehicle. Liftoff occurred at 4:34 pm EDT. The Intelsat 34 satellite separated from the rocket’s upper stage 40 minutes after launch, at 5:14 pm EDT, and signal acquisition has been confirmed. Intelsat 34 is a C- and Ku-band satellite to be placed into service at the 304.5ºE orbital location. It will replace Intelsat 805 and Galaxy 11 as the third in Intelsat’s leading Latin America, pan-regional video distribution neighborhood (which includes Intelsat 11 and Intelsat 21). Intelsat 34 includes a C-band payload which will deliver media distribution services for blue chip media powerhouses including Fox Sports and HBOLA.
Intelsat Records $598 mln Q2 Revenue
Satellite services provider Intelsat S.A. has reported total revenue of $598.1 million and net income attributable to Intelsat S.A. of $60.2 million, or $0.47 per common share on a diluted basis, for the three months ended June 30, 2015. The company reported adjusted net income per diluted common share1 of $0.70 for the three months ended June 30, 2015. Intelsat S.A. reported EBITDA1, or earnings before net interest, taxes and depreciation and amortization, of $462.3 million…
Intelsat, Kymeta Enter Satellite Tech Partnership
Intelsat S.A. and Kymeta Corporation today announced an agreement to design and produce flat, electronically steerable, Ku-band satellite antenna solutions for the Intelsat EpicNG high throughput satellite (HTS) platform. The first Intelsat EpicNG satellite is expected to launch in late 2015. Kymeta’s flat and thin satellite tracking antennas will be designed to work with Intelsat’s satellite fleet, providing connectivity in sectors for which traditional antennas are not currently practical or feasible, including the maritime industry.
Intelsat and SpeedCast Join Forces
New Agreement Brings Market Leading Broadband and Mobility Solutions to the Maritime, Oil & Gas and Enterprise Sectors. Intelsat S.A. (NYSE: I) has established strategic agreement to provide access to its global C- and Ku-band broadband mobility network to SpeedCast, the leading global satellite communications and maritime service provider. Under the multi-year agreement, Intelsat will provide SpeedCast access to Intelsat’s global C-band and Ku-band satellite capacity as well as to its terrestrially managed network, IntelsatOneSM.
Intelsat Reports 2013 Results
Fourth quarter net income attributable to Intelsat S.A. Intelsat S.A. has reported total revenue of $642.8 million and net income attributable to Intelsat S.A. of $72.6 million, or $0.62 per share on a diluted basis, for the three months ended December 31, 2013. The company reported adjusted diluted net income per common share1 of $0.84 for the three months ended December 31, 2013. Intelsat S.A. reported EBITDA1, or earnings before net interest, taxes and depreciation and amortization…
Intelsat Announces Preferred Stock Dividend
Intelsat S.A., a provider of satellite services, has announced a quarterly cash dividend of $0.71875 per share, to be paid to holders of its 5.75% Series A Mandatory Convertible Junior Non-voting Preferred shares, in accordance with the terms of the preferred shares. The dividend will be paid on February 3, 2014, to holders of record as of January 15, 2014.
Intelsat Contributes Communications Infrastructure for Relief Efforts
Intelsat S.A., a provider of satellite services, has provided an update on its satellite capacity and other critical connectivities being used in a number of restoration initiatives in the Philippines following Typhoon Haiyan. Immediately after the disaster occurred, Intelsat began working with customers and partners to ensure that the necessary infrastructure and satellite capacity were in place to accelerate the restoration of vital communications for relief workers and businesses in the Philippines.
Intelsat Reports Third Quarter 2013 Results
Intelsat S.A., a provider of satellite services, has reported revenue of $651.8 million and net income attributable to Intelsat S.A. of $87.8 million, or $0.75 per share on a diluted basis, for the three months ended September 30, 2013. The company also reported EBITDA1, or earnings before net interest, taxes and depreciation and amortization, of $493.6 million, and Adjusted EBITDA1 of $508.4 million, or 78% of revenue, for the three months ended September 30, 2013. "Intelsat's third quarter performance was led by growth in its media and network services customer sets.
Intelsat Appoints John Diercksen to Board of Directors
Intelsat S.A., a satellite services provider, announced that its board of directors has elected John W. Diercksen to serve on the board as an independent director effective today. Mr. Diercksen will also serve on the Audit Committee. Mr. Diercksen is currently an executive vice president of Verizon Communications, with responsibility for key strategic initiatives related to the review and assessment of potential mergers, acquisitions and divestitures. At Verizon, he previously held the position of executive vice president…
Intelsat Reports Second Quarter 2013 Results
Satellite service provider Intelsat S.A. published its second quarter results for 2013. The company reported revenue of $653.8 million and a net loss attributable to Intelsat S.A. of $408.3 million, or $4.19 per share, for the three months ended June 30, 2013. The net loss includes $366.8 million for pre-tax charges related to early extinguishment of debt resulting from debt paydowns resulting from the company's April 2013 initial public offering and debt refinancing activity in the second quarter. The company also reported EBITDA1 , or earnings before net interest, taxes and depreciation and amortization, of $439.2 million, and Adjusted EBITDA1 of $509.4 million, or 78% of revenue, for the three months ended June 30, 2013.
Intelsat Commences Proposed IPO
Intelsat S.A. (formerly known as Intelsat Global Holdings S.A.) announced the pricing of its initial public offering of 19,323,672 common shares at a price of $18.00 per share and concurrent public offering of 3,000,000 Series A mandatory convertible junior non-voting preferred shares (the “Series A preferred shares”) at a price of $50.00 per share. On the mandatory conversion date, May 1, 2016, each Series A preferred share, unless previously converted, will automatically convert into common shares. The Series A preferred shares will have a 5.75% dividend rate and a liquidation preference of $50.00 per share. The Company has granted the underwriters in the initial public offering of common shares a 30-day option to purchase up to an additional 2,898,550 common shares.
Intelsat to Webcast 1Q 2013 Earnings Conference Call
Intelsat S.A. will hold a conference call on Thursday, May 9, 2013, at 11:00 a.m. ET to discuss its first quarter 2013 financial results and operations, which it will release that morning. Live audio webcast and earnings press release will be accessible through the Intelsat Investor Relations Web site at www.intelsat.com/investors. To participate on the live call, participants should call (877) 415-3180 from North America, and +1 (857) 244-7323 from all other locations. The participant pass code is 54684232. Participants will have access to a replay of the conference call through May 16, 2013. The replay number for North America is (888) 286-8010, and for all other locations it is +1 (617) 801-6888. The participant pass code for the replay is 90450659.
Intelsat Reports First Quarter 2013 Results
Intelsat S.A., a provider of satellite services, reported financial results for the three months ended March 31, 2013. Intelsat S.A. reported revenue of $655.1 million and a net loss of $7.8 million, or $0.09 per share, for the three months ended March 31, 2013. The company also reported EBITDA1, or earnings before net interest, taxes and depreciation and amortization, of $496.8 million, and Adjusted EBITDA1 of $505.8 million, or 77 percent of revenue, for the three months ended March 31, 2013. Contracted backlog at March 31, 2013, was $10.4 billion.
Intelsat Jackson Receives Requisite Consents to Amend Certain Notes
Satellite service provider Intelsat S.A. announced that its subsidiary, Intelsat Jackson Holdings S.A., received the requisite consents to amend certain terms of the indenture governing its 8.5% senior notes due 2019 in connection with its previously announced consent solicitation. The amendments, among other things, amend the indenture governing the notes so that Intelsat Jackson and its restricted subsidiaries would be permitted to make certain restricted payments (as defined in the indenture) if…
Intelsat GVF Training Surpasses 1,000 Sponsored Trainees
Satellite service provider Intelsat S.A. announced today that more than 1,000 industry professionals have undergone training in the Intelsat-sponsored Global VSAT Forum (GVF) training program. Primary and subcontractor bandwidth customers, third-party installers, field service organizations and operators supporting customers are eligible for free or discounted Intelsat-sponsored GVF online training. "By sponsoring training for our customers and connected organizations, we are helping them become more efficient while making an impact on reducing interference across the arc," said Intelsat's Ron Busch, chairman of the Space Data Association.