A report from analysts at investment bank Exane/BNPP suggests that the recent pair of refinancing Bonds and Notes issued by SES will themselves boost earnings/share by about 6 per cent in 203. There could also be more benefits on the horizon. SES’s share price is firmly stuck in the near-static doldrums at around €6.40-€7.00. Sami […]
The ramifications from Eutelsat’s 24 per cent participation in OneWeb, and whether that stake will forbid the satellite operator from participating in a future EU-backed Low Earth orbiting broadband system, continue. May 25th saw further anxieties emerge over Eutelsat’s role as investors absorbed the possible impact of the EU’s news. One report says that Eutelsat’s […]
Investment bank Exane/BNPP, in a report on the state of the satellite industry, talks optimistically about the prospects for Elon Musk’s Starlink mega-constellation. Analyst Sami Kassab says that Starlink, and the constellations from OneWeb and Telesat (Lightspeed) will “change industry economics for good.” “For the last six decades, the economics of the satellite industry were […]
Different investment analysts regularly come up with varied opinions as regards their favourite picks in the satellite industry. Now Sami Kassab, from investment bank Exane/BNPP, in a major report takes a deep examination into Europe’s two leading satellite operators. He concludes by favouring SES. His study extends to one of today’s hottest business prospects; SpaceX […]
Elon Musk’s SpaceX is seeking permission to launch its Starlink broadband-by-satellite service to moving vehicles. Musk, in a Tweet, stressed that Starlink was not targeting Tesla or other cars, but aircraft, ships, large trucks and RVs; “Our terminal is much too big [for cars]” he said. Sami Kassab, satellite analyst at investment bank Exane/BNPP, said […]
Sami Kassab, satellite analyst at investment bank Exane/BNPP, says that Covid-19 was not helping SES achieve its target revenue numbers, but the 9 per cent tumble in SES Video was the worst quarter of the year, and a worry. In a report to clients, Kassab recognised that SES had signed new and renewed orders worth […]
The demand for the FCC’s allocation of new spectrum in its current Auction 107 has been staggering. The bids and the auction have resulted in the highest-ever payments being made for spectrum. More than $80 billion has already been tabled in gross payments, and the process fully enabled by the satellite industry freeing up their […]
Giles Thorne, an equity analyst at investment bank Jefferies, said the SES results prompted a review of the satellite company’s prospects. Jefferies now rates SES a “Buy” with a share price target of €16 (they ae currently around €6.30). SES CEO Steve Collar had reminded analysts on the results call that SES is now carrying […]
July 22nd saw Eutelsat announce that French telco Orange had taken all of the available capacity targeting France on Eutelsat’s current ‘Konnect’ satellite. Sami Kassab, an equity analyst at investment bank Exane/BNPP, says that while neither party disclosed the size or value of the contract the deal was likely to involve 5-10Gb/s of High Throughput […]