New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 20, 2014
07:41 EDTIIntelsat sees FY14 CapEx $575M-$650M consistent with prior guidance
Sees 2015 CapEx $775M-$850M consistent with prior guidance. Sees FY16 CapEx $625M- $700M. The company said, "CapEx guidance for 2014 and 2015 assumes investment in nine satellites in the manufacturing or design phase during the guidance period. We expect to launch four satellites in FY14 and FY15, two satellites in FY16, and will continue work on three remaining satellites for which construction will extend beyond the Guidance Period. By the conclusion of the guidance period in FY16, the number of transponder equivalents is expected to increase by a compound annual growth rate of 4.5% as a result of the launch of the satellites covered by the guidance period. We will launch two of our new Intelsat EpicNG high-throughput satellites in FY15 and FY16, increasing our total transmission capacity. Our capital expenditures guidance includes capitalized interest."
News For I From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 25, 2015
19:34 EDTIAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use