One of the main complaints from an SES major shareholder, Appaloosa (which holds 7 per cent of SES) was the company’s poor dividend policy. However, SES used its report to shareholders ahead of its AGM on April 4th to explain in some detail how its dividend policy would evolve, and in some respects answer at […]

EIB Global – the European Investment Bank’s global arm – and the European Commission have signed a financial package worth almost €60 million with SES, a Europe-based provider of satellite-enabled content and connectivity solutions. This initiative aims to deliver satellite connectivity to remote rural areas in Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan. Nearly half of the […]

ANGA COM, which runs from June 3rd to 5th in Cologne, has published a preview of its conference programme with a high participation of CEOs. The exhibition is also on course to break records with already 480 exhibitor registrations from 40 countries and bookings for more stand space than last year. In 2024, the Exhibition […]

Investment house Appaloosa LP, which holds funds worth more than 7 per cent of satellite operator SES, has been denied its suggestions to modernise its boardroom, shareholder structure and dividend policy. SES, in response to Appaloosa, said: “SES appreciates the perspectives of all our shareholders and their constructive ideas about our business. While the Company […]

SES has resurrected its ‘Cleosat’ filing with the ITU which lapsed in 2015. Cleosat calls for an L and S-band constellation of 62 satellites (6×10 @ 850km/86°, 1 @ 533km/97.5° & 1 MEO @ 8062km) for a potential direct-to-handset service. The original Cleosat filing with the ITU, made in 2015, was lost and expired due […]

SES and Intelsat have both invested in Lynk Global, a satellite operator providing Direct-to-Device communications using low Earth orbiting satellites. The announcement was made at the Satellite 2025 show in Washington DC. SES and Intelsat are in the process of combining their assets, with SES in the final stages of acquiring Intelsat. SES and Lynk […]

Satellite operator SES launched the first four of its important O3b mPOWER satellites back in December 2022. The satellites, built by Boeing, suffered problems in use which resulted in SES making an insurance claim for $472 million (€436.9m). The problems were said to be electrical and, in October 2023, SES said they were worse than […]

SWISSto12, the satellite company and a specialist in RF communications solutions, today announced that former SES and O3b Networks CEO, Steve Collar, is joining the Board of Directors of SWISSto12 and will serve as Chairman. Collar brings more than 30 years of satellite industry experience including five years at the helm of SES and more […]

Appaloosa LP, which manages funds holding more than 7 per cent economic interests in both SES and Intelsat submitted proxy, proposals urging the SES Board of Directors to take immediate steps to address shortfalls in corporate governance, capital allocation and management accountability. Some of its suggestions contain highly critical comments. Appaloosa, in a statement on […]

Last week’s SES results and subsequent analysts call with the satellite operator have now been examined in some detail. One analyst from investment bank BNP Paribas has digested the slew of information and explains why the full-year numbers turned out to be ahead of consensus. The end result from Sami Kassab is to reaffirm its […]