SES saw an impressive jump in its share price on August 4th, up 8.96 per cent to €7.07 per share (and at one point hitting €7.13) helped by favourable analyst comments and a general air of optimism backed by solid results. Steve Collar told analysts that the decline in Video division revenues was easing (“flattening […]
During its results call with analysts, SES explained that its “unparalleled reach” continued to expand. Back in 2016, it reached some 325 million homes (more than a billion people) and was delivering about 7,741 channels. By Q3/2020 its channel count had expanded to 8,157, the Number 1 supplier of channels in the industry. Drilling down […]
Intelsat’s bankruptcy court on December 3rd said the dispute between SES Americom and Intelsat would go to trial next June. The news coincides with a 126-page filing to Intelsat’s court from SES which pulls no punches in its claims. At the heart of the legal dispute between SES and Intelsat is an argument over Intelsat’s […]
SES has unveiled its Q3 and nine-month numbers, and also announced that it has cancelled plans to divide the company into two: a Video-based business (responsible for 59 per cent of group revenue) and a Networks company. Group revenues for the nine months were €1.41 billion and down 2.9 per cent on 2019’s €1.45 billion. […]
Satellite operator SES has created a new facility at its Stockley Park premises, in Hayes, West London. SES says that as remote production for sports ramps up around the globe, SES is providing broadcasters with a newly opened, full-service sports and events facility in Greater London. “Apart from handling downlink, decoding, processing and recording, SES’s […]
Satellite operator SES has included the anticipated receipt of $3.97 billion into its forecast accounts and coming its way as a result of the FCC’s C-band restructuring order. The first batch of cash will come into the company from “mid-2021”. SES confirmed it is buying four more O3b/mPower satellites, which will result in a 90 […]
Millions of households across Africa, Europe, and Asia-Pacific will be able to access a free-to-air TV channel via SES satellites dedicated to delivering informative content about Covid-19. The channel, titled Fight COVID-19, broadcasts content that is aimed at providing underserved and rural communities with critical information about how to limit the spread of the virus. […]
BBC Studios has awarded a major multi-year playout, management and distribution contract to SES to cover more than 50 linear channels and their associated VoD services. The contract, which will serve BBC Studio and the UKTV platform, will be handled by SES’s European global delivery services with technical playout infrastructure provided from SES’s new Stockley […]
The announcement that Ferdinand Kayser (CEO, SES Video division) and John Purvis (Head of Legal/General Counsel) are stepping down from their senior roles also brings to an end another ‘Luxembourg connection’ for SES. Chairman of the Board Romain Bausch is a Luxembourger, of course, as are some of the other Board members. But Kayser’s departure […]