Satellite operator SES has reported €978 million in H2 revenues, down 0.6 per cent y-o-y. 2024 revenue outlook (of €1.94 billion – €2 billion) remains unchanged. CEO Adel Al-Saleh said that the company’s acquisition of Intelsat is “on track” and remains due to close later next year. “The entry of O3b mPOWER into commercial service […]
Gilat Satellite Networks, a specialist in satellite networking technology, solutions and services, has announced that its SkyEdge IV platform is enabling SES’s O3b mPower System to deliver high-performance connectivity services. SkyEdge IV is Gilat’s next-generation multi-service platform. It is the industry’s first VSAT platform enabling multi-orbit operations supporting service deployment utilising MEO and GEO Very […]
SES has announced that O3b mPOWER, its second-generation software-enabled satellite system, is now operational and can provide high-performance connectivity services around the globe. With the first six O3b mPOWER satellites operating at medium Earth orbit (MEO) or 8,000km away from the Earth and with extensive ground infrastructure built around the world, SES will be introducing […]
April 18th saw satellite operator issue its annual dividend payments (of €0.50 per share) to shareholders. That’s the good news. The bad news is that there was the usual post-dividend share sell-off, but this year’s decline was significant. SES’s Paris bourse share price has fallen 12.5 percent over the past week to €5.53 and at […]
SES is having a strong trading year. Its revenue for 2023 was €2.03 billion, and ahead of expectations despite its Video division suffering a -4.4 per cent fall in revenue to €607 million. But its Networks division is still showing solid growth – up 6.1 per cent to €1.06 billion). But the headline news is […]
The SES share price is in the doldrums. The past few days has seen its shares trading at about €5.60. However, a report from analysts at Berenberg Bank suggests there’s positive news ahead. The bank says that with about $3 billion coming in around 10 days from now, the FCC’s C-band compensation scheme gives SES […]
A report from Euroconsult forecasts that Maritime bandwidth capacity demand is set to increase twentyfold over the next decade. The expansion will be driven by increased demand from the cruise industry. With the most serious restrictions of Covid-19 now generally in the rearview mirror, market intelligence firm Euroconsult estimates that maritime connectivity sectors have mostly […]
SES has reported that its two O3b mPOWER satellites, built by Boeing, have arrived at Cape Canaveral and are now being readied for launch by SpaceX. The two craft are Number 3 and 4 in the mPOWER fleet. The pair of satellites will join the first two O3b/mPOWER satellites that have arrived at medium earth […]
O3b’s latest pair of mPOWER satellites have left their Boeing manufacturing site and have been successfully delivered to the SpaceX launch site in Florida. The two (the third and fourth of the new fleet) will be launched into a medium Earth orbit (MEO) towards the end of April. The current expected date is April 28th, […]
SES-owned O3b’s mPOWER Networks has won an extended contract with Vodafone Cook Islands for 4G+ and high-performance broadband-by-satellite. The service will serve Cook Islands including the outer islands in the region. O3b mPOWER is SES’s second-generation medium earth orbit (MEO) system. Vodafone Cook Islands will leverage SES’s Mobile Backhaul mPOWER service to deliver increased access […]