TAMPA, Fla. — Satellite tv for pc trade veteran Mark Rigolle is taking the helm of ABS after Amit Somani’s sudden departure early this 12 months within the newest shake-up for the Dubai-based regional satellite tv for pc operator, the corporate introduced April 16.
Rigolle, most not too long ago chief working officer for the proposed Rivada House Networks low Earth orbit constellation (LEO), will be a part of ABS as CEO April 29.
Somani left in January after lower than two years with ABS for private causes, the corporate stated, which not too long ago modified its title from Asia Broadcast Satellite tv for pc to Agility Past House after shifting headquarters from Hong Kong.
Somani had joined from Yahsat, a regional satellite tv for pc operator additionally primarily based within the United Arab Emirates.
ABS introduced its rebranding in October 2023, saying it mirrored a push towards constructing strategic, long-term relationships within the trade after not too long ago coming below new possession.
The geostationary satellite tv for pc operator has not introduced its new possession construction and didn’t reply to requests for remark.
British non-public fairness agency Permira, which purchased a majority stake in ABS in 2010 and first tried to promote the corporate about six years later, lists the operator as offered on its web site however didn’t present particulars concerning the deal.
In its newest earnings outcomes Jan. 10, when ABS introduced Somani’s departure, the corporate stated it recorded growing income from gross sales to different operators with satellites reaching the top of their design life.
The corporate didn’t element these preparations. Whole gross sales got here in flat at $69 million for the 12 months to Sept. 30.
ABS chair Parm Sandhu stated within the earnings launch that the corporate is in energetic partnership talks concerning its spectrum rights overlaying Europe, the Center East, Africa and Asia Pacific “to unlock the hidden worth in our holdings,” together with two orbital slots with permission to beam army Ka-band radio waves.
ABS supplies connectivity and broadband providers over these areas with 5 satellites: ABS-2, ABS-2A, ABS-3A, ABS-4/Mobisat-1 and ABS-6.
Based in 2005, the operator additionally moved firm accounts from Bermuda to the UAE as a part of its technique refresh.
Going by means of modifications
Somani joined ABS as CEO in October 2022 to switch James Frownfelter, who took over from Jim Simpson in 2008 when he left after only a 12 months within the function.
Rigolle’s profession has additionally seen its fair proportion of modifications. Earlier than Rivada, he served because the chief monetary officer for SES and was CEO of its medium Earth constellation O3b Networks.
He additionally co-founded regional geostationary satellite tv for pc operator Kacific and was CEO of LEO startup LeoSat till its collapse following an absence of funding.
“The distinctive breadth of his expertise in our trade will allow him to hit the bottom working,” Sandhu stated in an announcement.
“We look ahead to benefiting from his management and from his insights into multi-orbit constellations throughout this time of fast market evolution.”
Rigolle famous he was becoming a member of ABS “at this pivotal time for the corporate and certainly the entire [fixed satellite services] trade,” as geostationary gamers face mounting competitors from SpaceX’s sprawling LEO community.
