Luxembourg-based satellite operator SES says its overall revenue for the 2024 full year achieved a “solid financial performance leading to revenue at the top end of the financial outlook and exceeding SES’s objectives.” Overall revenue was at €2.001bn, down 0.9 per cent YOY. The operator’s Networks division saw revenue grow +2.9 per cent YOY with […]
It’s not been a good month for European satellite operators. Recent weeks have seen Paris-based Eutelsat suffer negative comments and a much-depressed share price. Now it is Luxembourg’s SES which is hurting. Ratings agency Moody’s cut its outlook on SES to “negative” (from “stable”) and that the operator’s long-term debt (rated Baa3) would be “under […]
SES has agreed a deal to deliver and manage video content for ATP Tour events around the world using Secure Reliable Transport (SRT) and its Sports Content Orchestration Enabler (SES SCORE) platform enabled by SES’s hybrid IP, fibre and satellite distribution network. With more than 200,000 hours of live content per year from 3,200 tennis […]
Eva Berneke, CEO at Eutelsat, has unveiled the operator’s financial results. Eutelsat’s once-reliable Video division revenues fell 6.4 per cent (€309.2 million) but each of the other verticals were in solid territory. Total revenues for the First Half of FY 2024-25 stood at €606.2 million, up by 5.9 per cent on a reported basis. Revenues […]
Kathy Grillo, SVP, public policy & government affairs at US telco Verizon, speaking on reports that the US government wanted to access more C-band spectrum for terrestrial use, said Verizon welcomed the news. “We are now years past the last auction of mid-band spectrum and we are far from where we need to be as […]
Eutelsat’s CEO Eva Berneke has made a high-profile visit to Nilesat’s Cairo headquarters. In a joint communique from Eutelsat and Nilesat’s chairman and CEO Sameh Katta, the pair discussed expanding cooperation between the two satellite companies. During the meeting, Katta reaffirmed Nilesat’s dedication to creating strong partnerships with global satellite operators. He emphasised the company’s […]
New Zealand’s Sky TV uses the Optus D2 satellite for their signal reception. But an update from Sky on January 27th talked of the broadcaster having to urgently “undertake an accelerated migration plan” and shift to a new satellite in May. Sky said it was aware that “a growing number” of customers had experienced intermittent […]
Spanish technology company Indra is set to buy satellite operator Hispasat from Redeia for €650 million. Indra, in which the Spanish Government has a 28 per cent stake, and Redeia are finalising the negotiations to complete the deal that will then be submitted for approval to both board of directors in each company. The recent […]
Es’hailSat, the Qatar Satellite Company, has signed a multi-year multi-transponder deal with the public broadcaster of Morocco, Société Nationale de Radiodiffusion et de Télévision (SNRT). The agreement entails Direct-to-Home (DTH) services, satellite transponder for Digital Terrestrial Television (DTT) as well as video contribution services at the 25.5° East orbital position, facilitated by the Es’hail-1 satellite. […]
Eutelsat has a new major investor. Spacetime Transformations, acting on behalf of clients and funds under its management, has acquired 5.01 per cent of Eutelsat’s shares. The company, controlled by British businessman Christopher Harborne, said it held 23,827,744 Eutelsat shares, or 5.01 per cent of the satellite operator’s capital and voting rights, on behalf of […]