The world’s two largest satellite operators made very different impacts on their local stock exchanges on February 12^th.

SES was hammered as a result of its worrying change of CEO and CFO. While some observers and analysts welcomed the news as representing a clean sweep at the top of the company, the market voted with its feet. SES’s share price crashed to a five-year record ‘low’ price of just €11.37, tumbling €1.44 (11.2 per cent).

SES will introduce the new CEO and CFO at the end-of-year results announcement on February 23^rd.

Arch-rival Intelsat, in comparison, rocketed by 9.65 per cent to $2.84, and helped by last week’s announcement that Intelsat and SES would join Intel in a scheme to see some of their C-band frequencies used over the USA to help boost 5G take-up and connectivity.

Intelsat’s share price has been extremely volatile these past months and ranging in price from $7.32 as recently as October 12^th but sliding down recently to just $2.48 on February 6^th. In other words, Intelsat might be slowly climbing back to better days.

Intelsat will update the market with its latest results on February 26^th.

Other posts by Chris Forrester:

1. Virgin Galactic in stock split
2. Thuraya-3 suffers major problem
3. AST SpaceMobile hit by Class Action
4. Optimism under threat at SES
5. Rivada visits Terran Orbital’s manufacturing HQ
6. Avanti wins spectrum debt obligation case
7. SpaceX breaks records for re-use launchers
8. IRIS2 already in trouble?
9. Intelsat contemplates next steps

Categories: Blogs, Business, DTH/Satellite, Inside Satellite