While the US$5.6 billion proposed take over JLT (Jardin Lloyd Thompson) by the US-based broker Marsh & McClennan is set to be completed this spring, its aerospace division is going elsewhere. To assuage EU regulatory concern over competition specifically about the...
Red Eléctrica Corporación SA (REC) announced on 12 February that it had reached a deal with Hispasat’s majority shareholder, Abertis Infraestructuras SA (Abertis), to purchase its 89.68 per cent stake for EUR€949m (US$1.07bn). REC is a public limited company with...
Following a change of position from CEO to President and COO (Chief Operating Officer) at OneWeb in early September 2018, it has been revealed that Eric Beranger has left the company. Mr Beranger assumed the CEO role in July 2016. His replacement in the position of...
Two American aerospace and defence suppliers, L3 Technologies Inc and Harris Corporation, announced on 14 October 2018 a plan to “merge as equals”, combining their portfolios to become the sixth largest Defence company in the USA. This new company will be called “L3...
Satellite broadcaster Sky has been sold to the US cable and video entertainment company Comcast, which owns Universal Studios, for US$39 billion (£30 billion). Comcast’s bid of £17.28 per share was easily larger than 21st Century Fox’s £15.67. Its bid succeeded in a...
After internal Israeli political pressure over national strategic concerns forced the necessary funding, the new AMOS-8 communications satellite for the Israeli satellite operator Space Communication (Amos Spacecom) had its construction confirmed on 3 September as...
