Industry Announcements Home page ›› February 2010 Monthly Archive

February 27, 2010

ECHOSTAR TO Acquire Mexican satellite operator satmex

Englewood, Colo., U.S.A., and Mexico City, Mexico - Feb. 26, 2010 - EchoStar Satellite Services, L.L.C., a subsidiary of EchoStar Corporation (NASDAQ: SATS), and Satélites Mexicanos, S.A. de C.V. (Satmex) announced today an agreement pursuant to which EchoStar will acquire an ownership interest in Satmex. Satmex is Mexico's leading satellite operator and delivers video, audio and data services to the Americas. MVS Comunicaciones, one of the largest media and telecommunications companies in Mexico and EchoStar's partner in the fast growing Mexican direct-to-home TV service Dish Mexico, will also participate in the ownership of Satmex through a joint venture with EchoStar. Together, EchoStar and MVS Comunicaciones will acquire all of the outstanding stock of Satmex.

Satmex will be acquired for approximately $267 million in cash, plus up to $107 million in cash on Satmex's balance sheet at closing, resulting in total cash of up to $374 million available for distribution to Satmex's stakeholders. The transaction is expected to close early in the third quarter 2010.

Established in the mid 1980s as part of a government operation before becoming a commercial organization, Satmex owns and operates three satellites and two satellite uplink facilities, and has approximately 200 employees, which are all included as part of the transaction.

In connection with the sale, Satmex intends to offer to purchase all of its outstanding Senior Secured Notes for cash upon the closing of the sale of the Satmex shares. The offer to purchase the Senior Secured Notes and the sale of the shares are subject to the receipt of certain consents from the holders of the Senior Secured Notes, including consents to modify or eliminate most of the covenants in the indentures under which the Senior Secured Notes have been issued, and various corporate approvals. The consummation of the sale of the Satmex shares is conditioned upon successful completion of the offer to purchase the Senior Secured Notes.

The transaction is also contingent upon other closing conditions, including actions with respect to the construction of a replacement satellite for Satmex 5, verification of the operational capabilities of Satmex's in-orbit satellites, approvals under applicable U.S. export laws, and completion of regulatory review and receipt of regulatory approvals.

There can be no assurance that the transaction will receive the requisite corporate approvals or approvals from the Satmex bondholders, some of which have indicated that they are opposed to the transaction. EchoStar may terminate the agreement under certain circumstances, including the failure to obtain the requisite approval by the Satmex bondholders.

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About IPTV Evangelist

IPTV Evangelist (ipTVe) is the ultimate guide to the people and the companies that are defining the red-hot iTV and IPTV markets. Founded by streaming video pioneer Gilbert B. Hammer, IPTV Evangelist combines the latest iTV and IPTV news and analysis with interviews with key players. As the title of the site implies, Gilbert is passionate about the space, which he views as the next-generation for online and mobile entertainment for its creative integration of new and improved forms of communication, storytelling and community.

Zodiac Interactive To Speak at Industry Leading TV of Tomorrow Event

New York, NY - Feb. 27, 2010 - Zodiac Interactive, an Emmy award-winning developer of software for interactive television, announced today CEO Brandon Brown will speak at the industry leading TV of Tomorrow event, hosted by Interactive TV Today [itvt] - the most widely read and trusted news source on the rapidly emerging medium of multiplatform interactive television (ITV).

Brown and other prominent leaders from the interactive TV technology and programming spaces, including top technology officers from CableLabs and Canoe Ventures, will explore the current status--and attempt to predict the future--of the cable industry-backed ETV/EBIF and tru2way standards.

Topics to be addressed include lessons that have been learned from early EBIF deployments; ensuring functional consistency across EBIF user agents; the future of the testing process for EBIF applications; strategies for accelerating the process of on-boarding already-tested EBIF applications, and for templatizing such application specifics as file size, functionality, data capture and user interface; tying EBIF applications into MSOs' diverse billing systems; features and functionality that should be added to future implementations of the EBIF spec; and the relationships going forward between EBIF, tru2way and IP to the set-top box.

Zodiac Interactive recently released the latest version of its iTV framework, PowerUp 2.5™, a cross-platform software that unifies and enables advanced iTV applications across multiple set-tops, including legacy boxes. PowerUp 2.5 allows mobile and internet devices and applications to integrate and work directly with the set-top.

Zodiac plans to demonstrate PowerUp 2.5 functionality for the first time at the upcoming National Cable and Telecommunications Association conference, The Cable Show,in Los Angeles May 11-13 2010.

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About IPTV Evangelist

IPTV Evangelist (ipTVe) is the ultimate guide to the people and the companies that are defining the red-hot iTV and IPTV markets. Founded by streaming video pioneer Gilbert B. Hammer, IPTV Evangelist combines the latest iTV and IPTV news and analysis with interviews with key players. As the title of the site implies, Gilbert is passionate about the space, which he views as the next-generation for online and mobile entertainment for its creative integration of new and improved forms of communication, storytelling and community.

February 3, 2010

Survey Finds Video Conferencing Use on the Rise

GlobalSolutionslogo.jpg

San Francisco -- February 3, 2010 -- A recent survey of more than 1,200 business professionals in the United States, Japan, South Korea and Hong Kong revealed that video chat/conferencing is rapidly being adopted worldwide, for business and personal use.

The survey, conducted by Research Now and sponsored by Global IP Solutions, indicates that business professionals across multiple industries are adopting video in an effort to communicate and collaborate more clearly and effectively. The survey is available at http://www.gipscorp.com/survey

"The results of this survey underscore the increasing value of video in business communication," said Joyce Kim, Chief Marketing Officer at GIPS. "With demand for Unified Communications and desktop video conferencing on the rise, video quality issues such as delay and freezing must be addressed in order for users to effectively connect and collaborate."


A few key highlights of the survey include:

79 percent of those who use video rely on consumer applications such as Yahoo!, Gmail, AOL and Skype, while 21 percent used video conferencing systems such as those offered by Cisco and Polycom.

· 61 percent indicated video delay and video freezing as the largest concerns of video chat/conference use

· In the US, 40 percent of business professionals surveyed indicated that their company will be deploying a video communication solution within the next 6-24 months.

"We are delighted to offer insights regarding industry professional's utilization of video as part of their daily lives in the U.S, Japan, South Korea and Hong Kong," said Philip Beary at Research Now. "Our deep experience in panel management and fieldwork provides reliable data upon which major corporate decisions can be based."

Research Now programmed the online survey on behalf of Global IP Solutions to 1,200 senior business professionals in a variety of industries and employment positions across the United States, China, Japan and South Korea. The survey was conducted in late 2009 and all respondents were working in office environments that required them to operate a computer frequently during the workday. To see the full results of the Video Chat/Conferencing survey visit http://www.gipscorp.com/survey

About Global IP Solutions
Global IP Solutions (Oslo Børs: GIPS) provides best-in-class voice and video processing in IP communications. GIPS enables its customers to deliver unmatched quality, with a faster time-to-market and with less risk than alternative solutions. GIPS serves application developers, wired and wireless service providers and network and telecommunications equipment vendors. Its customer list includes CommuniGate, Nimbuzz, Nortel, Oracle, PCCW, Samsung, WebEx, Yahoo!, AOL and other key players in the voice and video over IP markets. The company is headquartered in San Francisco with offices in Stockholm, Boston and Hong Kong. For more information, visit www.gipscorp.com

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About IPTV Evangelist

IPTV Evangelist (ipTVe) is the ultimate guide to the people and the companies that are defining the red-hot iTV and IPTV markets. Founded by streaming video pioneer Gilbert B. Hammer, IPTV Evangelist combines the latest iTV and IPTV news and analysis with interviews with key players. As the title of the site implies, Gilbert is passionate about the space, which he views as the next-generation for online and mobile entertainment for its creative integration of new and improved forms of communication, storytelling and community.

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