Global satellite fleet operator SES expects to turn around its enterprise connectivity business by focusing on more deals like the one it signed with Facebook last year.
When Yahsat decided to invest in its first satellite for Brazil, the the Dubai, UAE-based operator probably didn’t foresee the triple-whammy of a Zika virus outbreak, presidential impeachment, and double-digit unemployment
Satellite fleet operator Eutelsat on Oct. 27 reassured a nervous stock market by reconfirming the company’s revenue and profit forecast and showing concrete results from its design-to-cost strategy.
Veteran satellite industry analyst Chris Quilty says SpaceX could be looking at a six-month stand down if its accident investigation reveals that internal tankage or plumbing on the Falcon caused the Sept. 1 pre-flight failure.
Shares in some satellite operators who were customers of SpaceX fell sharply Sept. 1 after a Falcon 9 rocket was destroyed in a launch pad incident.
Facebook on July 21 said the first flight of its full-scale Aquila solar-powered aircraft designed for regional internet connectivity was a success, lasting longer than expected despite an unspecified “structural failure” just before landing.
EchoStar Corp.’s Hughes division on May 10 said a recent consumer satellite broadband contract with the Turkish government and a combined Eutelsat/Facebook deal in Africa are just the start of the company’s ambition of replicating its U.S. success elsewhere.
Satellite fleet operator SES on April 27 said Internet social-media giant Facebook had leased capacity on three in-orbit SES satellites to provide Wi-Fi connectivity in sub-Saharan Africa.