Richard Branson’s space tourism business Virgin Galactic saw its share price rocket 24.9 per cent on September 28th following a highly favourable analyst overview. A Bank of America report on Virgin Galactic firmly recommended the company’s shares to investors, bring up to eight the number of Wall Street analysts who are favouring the company. “No […]
OpenVault, a global provider of industry analytics and SaaS technology solutions for broadband operators, has set the stage for increased market activity in Europe with the establishment of a wholly owned subsidiary based in Berlin. OpenVault Europe GmbH has been created to meet growing market demand for OpenVault’s solutions and insights that help broadband service […]
China reportedly has plans to build and launch almost 13,000 new broadband satellites in a massive constellation. In essence there are two phases planned, dubbed GW-A59 and GW-2, accoirdng to the Dongfang Hour podcast. Dongfang says that the two phases will absorb 7 sub-constellations within the plan. In total 12,922 satellites are involved. The scheme […]
Delta Air Lines wants to offer its passengers free broadband access whilst they are on-board one of their aircraft. Intelsat agrees, and is backing the move to ‘always on’ broadband in the air. Intelsat’s SVP/Mobility, Mark Rasmussen, quoted by Runway Girl Network (RGN), says that the “free in-flight browsing” is what it, and most airlines, […]
Telecoms firms are being urged to resegment their market and understand what’s happening in the household in order to optimise their opportunities in the New Normal and accelerate time to new revenue. According to research from analyst firm Omnisperience, telecoms service providers have spent billions on designing, deploying and innovating new networks such as 5G […]
The UK government is rethinking its commitment to an independent satellite navigation system. The review could mean that UK will not use OneWeb for its independent satellite navigation system. The UK’s access to the European Space Agency’s Galileo system ends on December 31st with the UK’s exit from the European Union. The British government has […]
OneWeb, with its Chapter 11 bankruptcy ending the next three months, has succeeded in obtaining an additional $235 million (€201.8m) in ‘Debtor in Possession’ financing. OneWeb’s bankruptcy court approved the request last week in order to maintain output of its satellites under construction in Florida, plus day-to-day expenses as well as ongoing development work on […]
Worldwide spending on telecommunication and pay TV services will reach $1.55 trillion in 2020, a decrease of 1.4 per cent year over year, according to the International Data Corporation (IDC) Worldwide Semi-annual Telecom Services Tracker. IDC expects the market to start its recovery next year, but pre-crisis spending levels will not be reached before 2022. […]
China’s CMMB Vision Holdings wants to hold onto an important 21 degrees East orbital slot for a satellite to beam radio programming over Europe, the Middle East and Africa. The Hong Kong-based company is reportedly developing a business which plans on using L-band (which is very suitable for satellite-based radio) and is officially termed S-DARS […]
In-Flight broadband business Gogo is proposing to shareholders that it should adopt a ‘poison pill’ defence as a protection against a hostile take-over bid. Gogo is willingly selling its Commercial Aviation division to Intelsat for $400 million, but Gogo will retain its lucrative Business Aviation division. The reason for the strategy is that Gogo has […]