SES says it will pay shareholders its 25c dividend later in October. The news coincided with a report from investment bank BNP/Paribas and while it does not reveal a great deal of ‘new’ news, it has some very interesting extra elements. The report, from the bank’s Sami Kassab, notes that SES recently won a large […]
Airbus Defence & Space and Thales Alenia Space, which were once part of the IRIS2 SpaceRISE consortium bidding for a mega-constellation of low Earth satellites, have submitted separate bids to build the satellites and submitted their proposals to the remaining members of the consortium, according to a report by La Tribune. The principal remaining members […]
The NATO Support and Procurement Agency (NSPA) has awarded SES a contract to deliver secure high-performance low-latency satellite services via its medium earth orbit (MEO) constellation, enabling global missions for NATO member government organisations, agencies and military. The MEO Global Services (MGS) award represents a three-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract valued at $200 million […]
SES has announced the successful launch and pricing of a hybrid dual-tranche bond offering in which it has agreed to sell Deeply Subordinated Fixed Rate Resettable Securities for a total amount of €1 billion. The transaction is composed of a €500 million 30-year Non-Call (NC) 5.25-year tranche with a first reset date on December 12th […]
SES has struck an agreement with Digicel Pacific’s support for critical communications to be restored quickly in the event of natural disasters. This agreement is an extension of the companies’ long–standing partnership. The agreement follows on from the earthquake that hit Tonga on August 26th, when Tonga Domestic Cable Extension (TDCE), the island nation’s only […]
SES declared its H1 2024 results on August 1st. At first, the banks’ responses seemed content. For example, Sami Kassab, an analyst at BNP/Paribas talked about “in line” revenue growth (-4 per cent), although admitted that SES Video division did a bit worse. But as the day unfolded, it was clear that the market was […]
Satellite operator SES has reported €978 million in H2 revenues, down 0.6 per cent y-o-y. 2024 revenue outlook (of €1.94 billion – €2 billion) remains unchanged. CEO Adel Al-Saleh said that the company’s acquisition of Intelsat is “on track” and remains due to close later next year. “The entry of O3b mPOWER into commercial service […]
A long-running Class Action against certain Intelsat directors and their investment firms and its then chairman (Dave McGlade) alleging inside trading has been dismissed by a US Appeals Court. The Class Action, led by a hedge fund Walleye Opportunities Master Fund, and others, had “failed to adequately show that the insiders learned adverse news about […]
SpaceRISE is the name of the consortium that’s supposed to part-fund the European Union’s planned low Earth orbiting mega-constellation, called IRIS2 (Infrastructure for Resilience, Interconnectivity and Security by Satellite). There are widespread reports that the project is on its last legs. There are normally reliable sources saying that Airbus Space and Thales Alenia Space, two […]
The IRIS2 consortium, which is seeking to build a satellite mega-constellation on behalf of the European Commission, looks as if it is on the verge of collapse. French newspaper La Tribune says that due to risk assessment, Thales Alenia Space and Airbus Space, the subsidiaries of the two European aerospace giants, have sent a letter […]