Finance

Intelsat accused OneWeb and Softbank Group of fraud, conspiracy, and breaching contract. The lawsuit was filed in the New York Supreme Court on Sept. 10. “Upon information and belief, SoftBank and...

Thaicom Public Company Limited (THCOM) signed an Agreement of Intention with Russian Satellite Communications Company (RSCC) to collaborate on the joint development of a service offering for maritime satellite broadband...

NanoRacks is opening and staffing its first office in the United Arab Emirates (UAE) in Abu Dhabi’s Hub71, a global tech ecosystem driven by Mubadala Investment Company, backed by the...

Satellite manufacturers are entering a new world, according to a panel at World Satellite Business Week (WSBW) in Paris last week. Chris Johnson, president, Boeing Satellite Systems International, admitted that...

Northrop Grumman revealed organization changes to its operating sectors to better align the company’s broad portfolio to serve its customers’ needs. In addition, Patrick Antkowiak, corporate vice president and chief...

The European Space Agency (ESA) Business Applications and Space Solutions, under its Kick-start Activity program, awarded funding to SpaceChain UK to further develop and identify commercial use-cases for its satellite...

Singapore Technologies Engineering  (ST Engineering) revealed that its U.S. subsidiary, iDirect Government (iDirectGov), acquired 100 percent ownership of Glowlink Communications Technology. This acquisition was carried out by way of a...

EchoStar revealed the completion of its previously announced spin-off and subsequent merger with Dish Network of the portion of its business that manages, markets, and provides broadcast satellite services primarily to Dish,...

SES CEO Steve Collar’s head may be in the clouds after a recent deal with Microsoft, but in this case, being in the cloud is not a bad thing. SES...

Globalstar decided to proceed with an amendment to the current BPIFAE Facility Agreement together with a capital raise of a new second lien credit facility. Of the two financing options disclosed...