Satellite operator SES will this year celebrate its 40th Anniversary. CEO Adel Al-Saleh has been doing the rounds with local Luxembourg press and TV to update citizens of progress at the company, and to allay fears that a recent round of 68 redundancies at its Betzdorf headquarters will be followed by more. Al-Saleh told RTL […]
It’s not been a good month for European satellite operators. Recent weeks have seen Paris-based Eutelsat suffer negative comments and a much-depressed share price. Now it is Luxembourg’s SES which is hurting. Ratings agency Moody’s cut its outlook on SES to “negative” (from “stable”) and that the operator’s long-term debt (rated Baa3) would be “under […]
SES has agreed a deal to deliver and manage video content for ATP Tour events around the world using Secure Reliable Transport (SRT) and its Sports Content Orchestration Enabler (SES SCORE) platform enabled by SES’s hybrid IP, fibre and satellite distribution network. With more than 200,000 hours of live content per year from 3,200 tennis […]
This year, Hendrik Wüst, Premier of the State of North Rhine-Westphalia, will open ANGA COM with a keynote. In the broadband sector, the confirmed speakers include the CEOs of leading network operators such as Vodafone, SES, Deutsche Glasfaser, Tele Columbus, Unsere Grüne Glasfaser, OXG Glasfaser, Deutsche GigaNetz, M-net, NetCologne, wilhelm.tel, willy.tel, 1&1 Versatel, RFT, Eurofiber, […]
Investors are increasingly concerned about the state of finances at Europe’s two giant satellite operators, SES and Eutelsat, according to a report in the FT. “The cost of buying insurance against France’s Eutelsat and SES of Luxembourg defaulting on their bonds has soared to record highs, as investors fear the two will struggle to repay their […]
The European Investment Bank’s global arm, EIB Global, has signed a €125 million loan agreement with satellite operator SES to fund three satellites of its second-generation medium Earth orbit (MEO) system O3b mPOWER. SES has already launched eight of 13 O3b mPOWER satellites, which operate 8,000 kms away from the Earth, delivering high throughput and […]
Satellite operator SES has bought back €100 million of its perpetual bonds of which €625 million were in issue. SES’s bonds dropped sharply in mid-January after the credit desk at investment bank BNP Paribas published a note recommending investors sell the debt. The BNP Paribas report suggested that competition from new(ish) satellite players such as […]
Investment bank BNP Paribas, in a major study of Europe’s media and media-related activity, has also looked at the wider satellite sector. Analyst Sami Kassab said that satellite operators’ shares had a mixed performance in 2024. That comment might be seen as an understatement. “Incumbent satellite operators (Viasat, Eutelsat, SES, Iridium) have continued to see […]
LuxConnect, based in Bettembourg, Luxembourg, has been awarded one of the IRIS² control centres. IRIS2 is Europe’s mega-constellation of satellites and designed to provide ultra-secure communications for government and military purposes. It is managed by three leading European satellite network operators: SES from Luxembourg, Eutelsat from France, and the Spanish Hispasat. IRIS² control centres are […]
SES, itself busy looking to absorb arch-rival Intelsat which it agreed to acquire last April, perhaps has its eyes on its next expansion step. Rumours – wholly unconfirmed – suggest an investment in AST SpaceMobile could be in the offing. The satellite operator’s Chief Strategy Officer JP Hemingway is already on record as saying that […]