SES has filed its response to Intelsat’s bankruptcy court, arguing that when the two parties signed the 2018 [C-band] Consortium Agreement SES and Intelsat not only agreed to share equally in any proceeds resulting from clearing the C-Band, but they also agreed to share equally in expenses incurred in connection with their efforts – whether […]
SES’s share price is currently at about €6.60, itself an improvement on typical prices of nearer €6.18. But a report from analysts at Berenberg Bank recommends clients ‘BUY’ SES and gives a target share price of €9.20. Good as this sounds (for investors) the new target price is lower than the bank’s previous guidance (which […]
SES has demonstrated with Emirates-based telco operator, du, the first satellite-enabled 5G backhaul in the Middle East utilising SES’s Medium Earth Orbit (MEO) satellites. The aim of the live demonstration was to demonstrate how SES’s current O3b constellation could extend 5G coverage to remote locations and support du’s enterprise customers including offshore energy sites with […]
Satellite operator SES has borrowed €300 million from the European Investment Bank (EIB). SES is currently in the middle of a considerable capital-intensive satellite building programme. The full terms of the loan are not revealed but are likely to be highly competitive and are reportedly for seven years. The cash will go towards the procurement […]
Satellite operator SES says its latest craft, SES-20, has arrived on station at 103 degrees West and is providing back-up protections as an in-orbit spare for its US customers and in particular cable operators who use the location for their cable head-ends. SES-20 is part of the Federal Communications Commission (FCC) obligation to clear a […]
The World Teleport Association (WTA) has published its annual rankings for the Top Teleport Operators of 2022. The annual rankings of companies by revenue and revenue growth are compiled by surveying teleport operators around the world as well as referencing the published results of publicly-held companies.“The past years have been a time of tremendous change […]
A slew of legal documents were submitted to Intelsat’s Chapter 11 post-bankruptcy reorganisation on December 28th by lawyers for Intelsat. In essence, the filings represent the Final Report on Intelsat’s post-bankruptcy proceedings and an application to close certain outstanding matters. One particular argument is over $12 million of expense and cost claims (“Bill of Costs”) […]
SES CEO Steve Collar, speaking following the successful launch on December 16th of two O3b/mPOWER satellites, says that its all-important backlog of orders for capacity on the mPOWER fleet has grown to €980 million, up from the €950 million confirmed earlier this year. The backlog covers the mPOWER fleet and usage on board its geostationary […]
SpaceX successfully launched two mPOWER satellites for SES and its O3b division on December 16th. Despite a heart-stopping interruption to the launch rocket’s video signal which would normally have shown the rocket’s booster on its floating landing barge, but everything was “nominal” in the booster’s landing and the deployment of the two satellites. Confirmation soon […]
Two mPOWER satellites (mPOWER 1 and 2) are ready to launch on December 16th for SES. Launch time, subject to the usual weather constraints, is at 4.21pm Florida time from Cape Canaveral. SpaceX is providing the launch vehicle. The mission will see the two craft placed in mid-Earth orbit at some 8,000 kms altitude and […]