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Latest SatelliteFinance Articles

  • 17 Dec 14

    Swiss aerospace group RUAG is to acquire the space unit of Finnish defence company Patria.

    Under the terms of the transaction, RUAG will purchase all the business operations and assets of Patria Space, including its 32 employees. Financial details were not disclosed.

  • 16 Dec 14

    Airbus Defence and Space has sold its Tokyo Spot Image KK (TSI) subsidiary to Japanese geospatial data specialist PASCO Corporation as part of a wider strategic agreement between the two companies.

    Financial details were not disclosed.

  • 16 Dec 14

    Ofcom’s board has announced senior Treasury official Sharon White as its new CEO after the culture secretary, Sajid Javid, approved the appointment.

    White will join the UK’s telecoms and media regulator in late March from her position as second permanent secretary at the Treasury, where she is responsible for managing the public finances.

  • 16 Dec 14

    US-based metamaterials specialist Kymeta is set to raise US$20m in another funding round to continue developing its satellite communications antenna.

    Existing investors including board member Bill Gates and Lux Capital are participating in the financing, helping to fund a technology that can steer antenna beams with no moving parts.

  • 16 Dec 14

    Private equity firm Thoma Bravo and the Ontario Teachers’ Pension Plan have agreed to buy US-based wide area network (WAN) optimisation specialist Riverbed Technology for US$3.6bn.

    The cash deal marks a successful campaign for activist hedge fund Elliott Management, which is Riverbed’s largest shareholder with around 10% and began calling for a sale nearly a year ago.