It is alleged by Intelsat’s legal team that SES has engaged expert witnesses with at least one of them promised a “recovery-based” contingent fee tied directly to his testimony. The lawyers state that such fees in return for expert testimony is illegal. “Such an arrangement violates clear public policy, including the ethical rules governing lawyers […]
SES reported during its 9-months (Q3) results that HD channel growth on its fleet had taken the number of HD channels broadcasting on the fleet to “an industry leading” 3,150 channels which “reflected early signs of broadcasters considering completing their transition from SD to HD”. The move to HD and with video pricing remaining healthy […]
SES has released its 9-months trading update. Revenues (as reported) were down 6.5 per cent at €1.319 billion (€1.410 billion same period last year). SES says that its underlying revenue (excluding periodic and other) was lower by 2.7 per cent year-on-year (at constant FX) at €1,318 million. SES says that in July it spent €94 […]
SES has extended its relationship with Dish Mexico, which uses the SES QuetzSat-1 satellite, to now include greater choice and functionality for viewers. The new multi-year agreements with Dish will add more than $85 million to the SES contracted backlog. Dish Mexico said it selected SES’s Online Video Platform (OVP) solution for its ability to […]
Padraig McCarthy has joined Kleos Space as a director. McCarthy is well-known to the satellite industry from his time as CFO/Finance Director at SES. McCarthy is currently a Partner at the private equity firm NewSpace Capital and an independent Non-Executive Director and Audit Committee Chair at listed self-storage company Shurgard. He brings more than two […]
It is a busy week for company results with one analyst describing this coming November 4th as “Super Thursday” given that BT and SES both announce their results with Liberty Global’s results being revealed the evening before. Analysts at investment bank Jefferies, focusing on UK telco BT’s results, has issued a ‘BUY’ recommendation to clients. […]
SES, with Isotropic Systems, has tested a new, versatile antenna which the pair say will be a “game changer” as far as multi-satellite (and multi-orbit) connectivity is concerned. The antenna has proven to successfully connect with SES’s satellites in their geostationary orbit as well as simultaneously connecting with an O3b satellite in medium earth orbit […]
Shop LC GmbH, a subsidiary of VGL Global, has partnered with SES in a new multi-year agreement to broadcast its live commerce channel. Shop LC will be using SES’s satellites to reach millions of satellite TV households across Germany, Austria and Switzerland. Shop LC delivers a premium shopping experience featuring a curated range of jewellery, […]
SAWA Rights Management (SAWA), a strategic service provider to the MENA pay-TV industry, has concluded a multi-year agreement with global content connectivity solutions provider SES, where it will be delivering TV channels to commercial properties. Under this agreement, SAWA will utilise MonacoSAT, a satellite located at 52 degrees East, to distribute the first 14 premium […]
Investment bank Jefferies is no longer covering the satellite industry in guidance for its clients. The companies affected are Eutelsat, SES, Echostar and Viasat. Its final ratings, guidance and share price targets are: · Eutelsat: Buy, €15.5 (currently €12.51) · SES: Buy, €11.5 (currently €7.87) · Echostar: Hold, $28.0 (currently $24.15) · Viasat: Hold, $57.5 […]