Global Eagle Entertainment (ENT) Misses Q1 EPS by 1c
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May 9, 2016 6:49 AM EDT
Transaction valued at $550 Million
Creates a leading provider of satellite-based communications and media content to rapidly growing mobility markets
Combined company expected to generate pro forma revenue of $660-690 million in 2016
Annual synergies expected to reach $40 million
LOS ANGELES, May 09, 2016 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (NASDAQ: ENT) (GEE) today announced that it has signed a definitive agreement to acquire Emerging Markets Communications (EMC), a leading communications services provider to maritime and other mobility markets. The... More
May 9, 2016 6:47 AM EDT
Strong execution delivers record revenue of $114 million; Adjusted EBITDA* grows 26% year-over-yearEntered into agreement to acquire Emerging Markets Communications (EMC) (see separate press release GEE-EMC.mobi)Two major Content customer wins in Q1; already secured over 95% of Content revenue up for renewal in 2016Launched fully integrated content and connectivity offering on flydubaiExpanded Connectivity systems offering to include Airconnect Global Ka-band solutionIntroduced Entice, a ground-breaking wireless solution for inflight... More
