SES has reported its Q1 financials on with CEO Steve Collar saying that the company had made a “solid start” to 2022. Its Q1 Video division revenues, however, declined 6.4 per cent to €251 million, despite important client renewals being secured. Excluding US wholesale, Video was 4.1 per cent lower than Q1 2021 as ‘right-sizing’ […]
Sky UK has extended its multi-year pay-TV capacity and transmission agreement with SES. The renewal secures an additional contract backlog of approximately €84 million, building on the €90 million capacity agreement signed between the two companies in 2021, with contract durations up to end 2028. With this renewal, Sky UK will continue to leverage the […]
CEO Steve Collar and seven other senior executives at SES have been awarded attractive bonuses as a result of securing the first $1 billion in FCC incentive payments for clearing C-band frequencies over the US. The news emerged in the SES Annual Report which was adopted and approved by the SES Annual general Meeting on […]
SES is buying what will be SES-26, a new ultra-sophisticated software-defined satellites from Thales-Alenia Space. The craft will replace NSS-12 at 57 degrees East and serve what SES describes as “hundreds of millions” across three continents. SES-26 will maintain and expand the range of content delivery and connectivity services to broadcasters, media companies, telco operators, […]
SES used the opening day of the Satellite 2022 show to announce that it has signed a contract with Verizon in the US to expand the giant cellular operator’s access to converted C-band frequencies for 5G use ahead of the FCC’s deadline. The deal means an extra $170 million (€153.7m) in revenues although there are […]
Steve Collar, CEO of SES, told the SES vs Intelsat trial currently taking place that he trusted and liked Intelsat’s CEO Steve Spengler. “He was a good guy. I liked him, and I trusted his assurance that [the 50/50 revenue agreement] between SES and Intelsat was solid,” said Collar. He told the court that it […]
John-Paul Hemingway, currently heading up SES’s Networks division, is being promoted to Chief Strategy & Product Officer (CSPO). Hemingway is being tasked to build and deliver the services and solutions that create the most value for SES customers and partners, as well as their end-users. “The newly-created function brings together the Corporate Strategy, Product, Commercial […]
This past year has been full of continued Covid problems and a near-absence of lucrative cruise ship passengers and crews as well as much-curtailed airline traffic which combined to severely limit revenues for In Flight business communications and cruise holiday-makers (and their families). However, the consensus from satellite industry executives is that while this past […]
The likes of Steve Collar, CEO at SES, have heavily criticised the 2021 trend to propose massive satellite constellations. Specifically, Collar had in mind the recent Rwanda proposal, with advice supplied by OneWeb founder Greg Wyler, for 327,230 orbiting satellites in low Earth orbit. Collar, speaking at the Euroconsult World Satellite Business Week in Paris, […]
Steve Spengler, Intelsat’s CEO, firmly denies being the conduit for any alleged insider trading information over the sale of Intelsat stock by certain shareholders and the company’s chairman Dave McGlade. It has been alleged that two major investors, and Intelsat’s chairman Dave McGlade, sold in total some $260 million (€230m) of Intelsat stock ahead of […]