Satellite operator Orbcomm said May 10 it did not get any alternative proposals in its 30-day “go-shop” period, which followed private equity firm GI Partners’ $1.1 billion acquisition offer.
U.S.-based startup Swarm Technologies and 28-year old Orbcomm, both pursuing the fast-growing market for connecting Internet of Things (IoT) sensors to satellites, are locked in a regulatory tussle over plans to expand overseas.
Private equity firm GI Partners plans to buy satellite operator Orbcomm, which specializes in connecting industrial monitoring devices, for about $1.1 billion including net debt.
Satellite operator Orbcomm, smallsat builder AAC Clyde Space, and Swedish aerospace contractor Saab are working on a demonstration cubesat for maritime communications that could mark the beginning of a new constellation, the companies announced Aug. 24
Japanese satellite operator Sky Perfect JSAT is delaying its annual financial report by seven weeks, citing the coronavirus.
One of Orbcomm’s first-generation satellites broke up Dec. 22, resulting in 34 trackable objects, according to the U.S. Air Force’s 18 Space Control Squadron
FIRST UP Satcom | BridgeSat, Sitael joint forces on lasercomm; Orbcomm enters China; UK, Singapore plan quantum cubesat
Italian small satellite builder Sitael and American laser communications startup BridgeSat announced plans to form a joint venture in the European Union.
An NBN executive estimated the business service will use 15 percent of the capacity on the Sky Muster satellite system.
A communications glitch affecting three of Orbcomm’s second-generation satellites does not appear to afflict the other dozen spacecraft in the recently deployed constellation.
Spire is wading deeper into the ship-tracking business, challenging established competitors operating fleets of much bigger satellites.
Three satellites in Orbcomm’s recently launched fleet of low-Earth orbit satellites have ceased communicating, reducing the operator’s second-generation constellation by a third of its envisioned strength if not recovered.
Satellite and rocket-component builder OHB SE of Germany on Aug. 17 reported flat revenue but higher profit for the six months ending June 30 and reiterated its full-year revenue forecast based on sales volume late in the year.
Satellite machine-to-machine and Internet of Things services provider Orbcomm Inc. on Aug. 4 reported double-digit increases in quarterly revenue and gross profit and said its recent agreement with a Chinese conglomerate could open a vast new market for the company.
A battle between two companies over what they thought would be a large contract with the Canadian government for satellite-based maritime surveillance turned out to be a contest for peanuts in which the winner appeared to suffer more than the loser.
Canadian satellite maritime surveillance data provider exactEarth Ltd. on Feb. 9 debuted as an independent company and will get an early indication of its competitiveness in the coming weeks when the Canadian government decides a large contract.