SES and Canal+ have expanded their partnership with a long-term agreement for uplink services for Canal+’s French pay-TV channel bouquet at 19.2 degrees East. The new agreement includes services delivered from two teleports in Betzdorf, Luxembourg, and starting in 2023, Munich, Germany, underscoring the importance and shared value of delivering superior and uninterrupted viewing experiences […]
SES has received a favourable review from Fitch Ratings for its borrowings. Fitch says that SES’s long-term debt is rated at ‘BBB’ and its subordinated borrowings are rated at ‘BB+’. Fitch highlights the options that SES will shortly have from the FCC’s next C-band incentive payments of some $3 billion. Sandeep Jalan, CFO at SES, […]
A report from investment analysts at Berenberg Bank looks closely at satellite operator SES, and maintains a ‘Buy’ rating although the bank softens its Price Target on the operator’s shares, and lowers its target slightly from €10 to €9.80 (today at €6.92). The bank’s report says that over the next two years SES has three […]
Moody’s Investors Service credit ratings agency has given a “negative outlook” to certain debt owed by satellite operator SES. Moody’s overall rating is their Baa2 rating on SES SA and SES Global Americas Holdings GP. Moody’s says the outlook for both entities remains negative. “The ratings affirmation reflects the slower reduction in the company’s revenues, […]
Lawyers for SES filed an additional motion into the court hearing its lawsuit against Intelsat over the 50/50 division of the FCC’s C-band $9.7 billion ‘incentive payments’. Intelsat’s former CFO David Tolley was deposed twice (on April 15th and October 18th) last year but was not called as a witness during the recent overall hearings […]
RT America, the US version of Russian-backed news channel RT, is to close its US studios and lay off most of its staff. Its bureaus in New York, Washington, Miami and Los Angeles are affected. Misha Solodovnikov, the general manager of T&R Productions, the company that produces RT America, told staff in an email that […]
SES unveiled its end-of-year numbers on February 24th and in its post-results analysts call, CEO Steve Collar explained that the satellite operator was “well ahead” of its work to prepare for FCC-mandated C-band conversion work for the SES. Collar stated the C-band Phase 2 work meant SES was on track to receive the remaining $3bn […]
Satellite operator SES reported rising net profits up 69 per cent to €323 million (€191m in 2020), helped by lower operating costs and interest expenses. Shareholders will be pleased that the overall improvement in the operator’s prospects mean that this year’s dividend will rise to €0.50 (from €0.40), a 25 per cent rise. SES said […]
Intelsat has formally confirmed its emergence from Chapter 11 reconstruction. The satellite operator said it had emerged as a private company with a substantially strengthened capital structure to support its growth as the leader in satellite communications. This final milestone follows receipt of regulatory approvals, completion of certain corporate actions, and satisfaction of other customary […]
The Kudelski Group, a global player in digital security, has published its 2021 annual results. In 2021, total revenues and other operating income increased to $778.8 million (€686.3m) from $741.5 million in 2020, reflecting higher sales in Digital TV, Cybersecurity and IoT. The Group generated EBITDA of $72.4 million, a $8 million improvement from the […]