Speciality satellite builder SWISSto12 says it expects revenues this year to reach more than $200 million (€174.4m), against the previously expected $140 million. The increase comes about because the company is increasingly finding new business from established satellite operators for its HummingSat platform. SES, for example, already has an order in place with SWISSto12 for […]
Hanwha Phasor is bankrupt. The European and US divisions of Korea’s Hanwha Systems and Hanwha Aerospace made highly sophisticated flat-panel satellite antennas but the division was closed at the end of 2024. It has now emerged that satellite hardware manufacturer SWISSto12 is buying Hanwha’s electronically steered antenna assets, but not the full business. Phasor Solutions […]
SWISSto12, the satellite company and a specialist in RF communications solutions, today announced that former SES and O3b Networks CEO, Steve Collar, is joining the Board of Directors of SWISSto12 and will serve as Chairman. Collar brings more than 30 years of satellite industry experience including five years at the helm of SES and more […]
Investment bank Berenberg has downgraded satellite operator SES from ‘Buy’ to ‘Hold’. The bank has also reduced its share price target from €7.20 to €6.80. The bank’s report says that it believes that the operator’s cash warchest, made up of the receipts of the $3 billion from the FCC as compensation for releasing certain C-band […]
A report from investment bank BNPP’s Sami Kassab says that October 16th is the likely date when satellite operator SES will receive about $2.99 billion as its share of the FCC’s C-band compensation scheme. SES is also involved in litigation over about $400 million from Intelsat in its claim for a larger percentage of the […]
Investment bank Exane/BNPP, in a note to clients, expects satellite operator SES to report a 3 per cent fall in revenues for its Q2 trading period. SES will unveil it numbers on August 3rd. Sami Kassab, an equity analyst at the bank, suggests that SES will report overall revenues of €487 million. The operator’s important […]
The merger discussions between the world’s two largest satellite operators, SES and Intelsat, are over. Intelsat said a deal, valued at a potential $10 billion (€9.1bn), is now off the table. SES announced June 22nd that discussions regarding a possible combination with Intelsat have ceased. On March 29th, SES had confirmed that the company had […]
The news that Steve Collar, SES’s CEO, is stepping down sent the satellite operator’s shares into near-meltdown. Over the past 5 days the SES share-price has fallen 14.70 percent, including a further 1.55 per cent on June 13th to an ‘all-time low’ of just €4.70. Confidence in SES seems to have evaporated. A report from […]
Satellite operator SES has announced that Steve Collar, Chief Executive Officer (CEO), will be stepping down at the end of June 2023 to pursue other professional and personal endeavours. The search for a successor is underway and Ruy Pinto, currently Chief Technology Officer of SES, will assume the role of CEO until a permanent successor […]
The normal transition for any departing CEO at a major quoted company is well established. Weeks – and sometimes months – of advanced notice are given to shareholders and the market of an impending change in leadership. That has not happened in the case of Steve Collar, the suddenly outgoing CEO at SES. Collar will […]