Rigolle Takes Over ABS After Somani’s Departure
Dubai-based satellite operator ABS has announced that Mark Rigolle, a veteran in the satellite industry, will be taking over as CEO after the abrupt departure of Amit Somani earlier this year. Rigolle, who most recently served as the COO for the proposed Rivada Space Networks constellation, brings a wealth of experience to ABS. Somani, on the other hand, joined UAE-based satellite operator Yahsat as part of his transition.
ABS’s Rebranding and Ownership Changes
ABS recently went through ownership changes and announced its rebranding in October 2023. The company expressed its desire to build strategic, long-term relationships within the industry. However, no new ownership structure has been announced, and ABS did not comment on the matter. Permira, which acquired a majority stake in ABS in 2010, listed ABS as sold on its website but did not provide any details about the sale.
Revenue Increase and Sales Arrangements
In its latest earnings report, ABS reported increased revenue from sales to other operators with satellites nearing the end of their useful lives. However, the specifics of these arrangements were not disclosed. The company’s sales remained flat at $69 million for the year ended Sept. 30. Parm Sandhu, the chairman of ABS, stated that the company is actively seeking partnerships for its spectrum rights, particularly in Europe, the Middle East, Africa, and Asia Pacific.
ABS’s Satellite Fleet and Company Accounts
ABS currently utilizes five satellites to provide connectivity and broadband services in various regions. These satellites include ABS-2, ABS-2A, ABS-3A, ABS-4/Mobisat-1, and ABS-6. Additionally, as part of its strategy refresh, ABS moved its company accounts from Bermuda to the UAE.
Rigolle’s Appointment and Industry Challenges
Mark Rigolle’s appointment as CEO of ABS comes after several leadership changes within the company. He replaces James Frownfelter, who took over from Jim Simpson but left after just a year. Rigolle brings significant industry experience, having served as the CFO of SES and the CEO of O3b Networks. He also cofounded Kacific, a regional geostationary satellite operator, and worked for LEO startup LeoSat before its collapse. Rigolle’s expertise in multi-orbit constellations will be valuable as ABS faces increasing competition from SpaceX’s LEO network.
In Conclusion
The appointment of Mark Rigolle as ABS’s new CEO marks a significant development for the company. With his extensive experience in the satellite industry, Rigolle is expected to navigate the challenges posed by emerging technologies and increased competition. ABS’s rebranding and ownership changes reflect its commitment to building strategic partnerships and expanding its market presence. As the company seeks to capitalize on its spectrum rights and optimize its satellite fleet, Rigolle’s leadership will play a crucial role in shaping ABS’s future in the fixed satellite services industry.
