US President Joe Biden, in his plans for next year, shows a potential increase in the US space budget for defence and satellite communications. While the overall budget grows by 2 per cent, the amount suggested for the US Space Force is upped by 26 per cent. A report from investment bank Exane/BNPP says that […]
SES is buying what will be SES-26, a new ultra-sophisticated software-defined satellites from Thales-Alenia Space. The craft will replace NSS-12 at 57 degrees East and serve what SES describes as “hundreds of millions” across three continents. SES-26 will maintain and expand the range of content delivery and connectivity services to broadcasters, media companies, telco operators, […]
SES’s (BBB/Stable) planned acquisition of DRS Global Enterprise Solutions (GES), provider of commercial satellite communications to the US government, will have no impact on SES’s ratings, Fitch Ratings says. SES announced March 21st that it had entered into an agreement with Leonardo DRS, a US subsidiary of Leonardo S.p.A. (BBB-/Stable), to acquire GES for $450 […]
On March 21st satellite operator SES announced it was buying governmental solutions business DRS Global Enterprise Solutions (GES), a US subsidiary of Italian Leonardo DRS. The $450 million (€408.8m) move has been analysed by investment bank Exane/BNPP which believes there is a “strong strategic rationale” behind the acquisition. Leonardo Chief Executive Alessandro Profumo said the […]
Euroconsult has released the 6th edition of its High Throughput Satellites (HTS) report – its in-depth analysis of geostationary (GEO) and non-geostationary (NGSO) HTS markets including major drivers, strategic issues, competitive landscape and detailed forecasts of capacity supply and associated demand take-up. After helping reshape the satellite communications industry through their ever-improving capacity volumes and […]
The long-running legal dispute between SES and Intelsat over the 50/50 division of payments from the FCC and its ‘incentive’ payments for the C-band spectrum and re-allocation for 5G now has an end in sight. The new date is April 19th and the Virginia bankruptcy court, under Judge Keith Phillips, will hear both sides and […]
SES is spending $450 million (€408.8m) to buy DRS Global Enterprise Solutions, a US subsidiary of Italian Leonardo DRS. The transaction, which is expected to be completed during H2/2022 subject to regulatory approvals, the GES business will be combined with SES Government Solutions (SES GS), a wholly owned subsidiary of SES, which SES says will […]
SES used the opening day of the Satellite 2022 show to announce that it has signed a contract with Verizon in the US to expand the giant cellular operator’s access to converted C-band frequencies for 5G use ahead of the FCC’s deadline. The deal means an extra $170 million (€153.7m) in revenues although there are […]
SES has told investment analysts that its exposure to Russian or Ukrainian revenues is extremely limited. But it says that the conflict has increased demand for governments for military grade X-band communications has increased in the past couple of weeks. The X-band usage is centred through its Govsat-1 capacity which is part of its SES-16 […]
Barclays Bank has issued a note from its equity analysts which favours “defensive stocks” such as SES and Eutelsat. The bank says that the current economic uncertainties mean that its former recommendations for global ad-agencies such as WPP, Omnicom, Interpublic and Publicis are downgraded to ‘Equal Weight’ from ‘Overweight’. The bank says there could be […]