SES to invest $4bn in expansion
October 20, 2011
By Chris Forrester
Luxembourg-based satellite operator SES says it is looking to acquire satellite operators in fast-growing emerging markets. SES is investing more than $4 billion in expanding its resources in growth markets in Latin America, Asia, and the Middle East.
CEO Romain Bausch, in an interview with German daily Handelsblatt on Ocobert 20th, said he expected SES to have revenues of at least half a billion euros in emerging markets in five years’ time. “Fast expansion of our satellite fleet will create the preconditions for satisfying this demand,” he said.
In addition, SES plans to grow via acquisitions, Bausch said. “We are interested in purchases. We are able to make them thanks to our high liquidity,” he said. He specifically mentioned Malaysia’s Measat or Greece’s HellasSat, both of which are known to be up for sale.