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Stock Market & Financial Investment News

News Breaks
August 4, 2014
07:35 EDTIIntelsat sees FY14 revenue $2.45B-$2.50B, consensus 2.49B
Sees FY14 CapEx $625M-$700M. Sees FY14 repayments in range of $125M-$150M
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July 2, 2015
08:37 EDTIAxesat S.A. signs multi-year agreement for satellite services from Intelsat
Intelsat S.A.announced that Axesat S.A., the largest provider of satellite-based corporate networks in Colombia, has signed a multi-year agreement for satellite services on the Intelsat EpicNG platform. Under the agreement, Axesat will consolidate services spread across multiple satellites and operators, including Intelsat 805 and Intelsat 14, onto Intelsat 907 at 332.5°E and Intelsat 29e at 310°E.
08:37 EDTIIntelsat declares quarterly cash dividend of 71.9c per share
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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

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