BEAM COMMUNICATIONS HOLDINGS ORD
Beam Communications looks to unlock latent value in ZOLEO JV through arbitration
Leading Australian mobile satellite technology innovator Beam Communications (ASX: BCC) has welcomed news that arbitration has commenced to clear up recent issues related to its ZOLEO joint venture. Equally owned by Beam and Canada’s Roadpost Inc., the ZOLEO joint venture is responsible for the highly successful ZOLEO product range, with around 80,000 subscribing customers and […]
Beam Communications shining bright with record year and further growth expected
Satellite applications and services specialist Beam Communications (ASX: BCC) is confident it will continue its current record run of business success with further growth expected over the current financial year. The company has revealed record levels of returns across a number of metrics including revenue, net profit and earnings before interest, tax, depreciation and amortisation […]
Market wrap: ASX falls as Bank of Japan flexes its muscles
The Australian share market shed 0.7% in Friday trade as the Bank of Japan shook up markets with a pledge to be more flexible in managing interest rates. The 52.3-point fall to 7403.6 points on the ASX 200 was a solid fall but still left the Australian market up 1.2% for the week after it […]
Beam Communications signals continued growth with strong finish to FY 2023
SatCom specialist Beam Communications (ASX: BCC) is celebrating a positive finish to its 2023 financial year on the back of record earnings and a number of new contracts wins in the June quarter. The mobile satellite solutions and services provider achieved a 75% jump in operating cash inflow to $2.5 million and a 39% cash […]