SES, which unveils its latest quarterly financials on November 3rd, has signed an agreement with Digicel Pacific for 40 per cent more satellite capacity to Papua New Guinea. Digicel is taking extra bandwidth on SES’s O3b mPOWER satellite fleet to provide its customers with seamless connectivity following damage to the international Pipe Pacific Cable (PPC) […]
Lawyers for SES submitted their bundle of documents to the Appeal Court on October 28th, following up on their formal appeal lodged on October 14th with the US District Court for the Eastern District of Virginia. In its ‘statement of issues’ the SES team will argue that Intelsat’s bankruptcy court “erred in holding that the […]
SES says there is “unprecedented demand” for high-powered mobile connectivity in isolated communities in the Amazon. It is helping bridge the problem by signing a multi-year capacity renewal agreement with Brazilian telco Claro and its Embratel division. The extension of its existing relationship with Claro Brazil/Embratel will include coverage of the region by the new […]
Analysts at Barclays have taken a close look at satellite stocks and while the bank marked down Iridium Communications (by 4.9 per cent, to a price target of $45) it has rated SES as ‘overweight’ for investors. In general terms capacity demand for telecommunications services is staying on a path for “exponential” growth (Barclays estimates […]
SES has announced that its growing sports and events customer base will be able to aggregate and deliver popular sports and live events to screens across Europe and the MENA region on SES’s new satellite platform. SES adds that its new dedicated sports and events distribution platform offers powerful wide beam coverage over Europe, the […]
SES is mounting an appeal in its battle to win 50 per cent of the FCC’s C-band incentive payments. On September 30th the US Bankruptcy Court for the Eastern District of Virginia, Richmond Division, disallowed the SES motion which – in effect – meant that Intelsat could hold onto its FCC payments. SES Americom, the […]
Satellite operator SES has seen its share price not only perform miserably (by any measure the shares are ‘in the toilet’ currently) but continuing to be under pressure. The deterioration has prompted a report from investment bank Berenberg. The bank issued very firm ‘BUY’ advice to clients, and giving a price target of €11.20. Currently […]
The Carrier and Wholesale Services (C&WS) division of e& (formerly known as Etisalat Group) has announced a partnership with Microsoft and SES to host the co-located SES O3b mPOWER and Microsoft ground station at Ras Al Khaimah in UAE. The first O3b mPOWER ground station in the region will facilitate one-hop connectivity to the cloud […]
On October 4th, a United Launch Alliance (ULA) Atlas-5 Centaur rocket placed two SES C-band satellites (SES-20 and SES-21) into orbit. On October 5th, SpaceX performed a similar task for two Intelsat satellites. The moves are part of an essential replacement of C-band frequencies over the US for the FCC to use by cellular operators […]
In a regulatory announcement to the Luxembourg and Paris stock exchanges, SES says it reduced its share capital on September 28th. The share capital was reduced by €22,500,000 to €696,483,000 by its cancellation of 18 million shares which had been repurchased in accordance with the share buy-back programme announced on May 6th 2021. SES shares […]