Ahead of its results announcement, SES confirmed it had extended its contract with Sky UK that will result in a €90 million gain in its secured backlog. SES added: “By the end of the renewed contract, Sky UK will have been an SES customer continuously for almost four decades.” “This is a significant, multi-transponder, multi-year […]
The past few days have seen a slew of press statements from SES regarding contract renewals and fresh deals. The latest pair come ahead of the satellite operator’s results statement on February 25th. None of the releases are quantified in terms of value, but no doubt questions will be asked by the analysts on the […]
SES has announced content agreements with NHK and a number of cruise operators ahead of its results statement on February 25th. Japanese public broadcaster NHK World has re-signed a multi-year contract for distribution in HD from 19.2 degrees East to more than 45 million homes over Europe. Additionally, SES Networks has contracted capacity agreements with […]
SES has confirmed the signing of multi-year capacity agreements totalling over €66 million in backlog with multiple public broadcasters in Europe throughout 2020, whch it says will “enable millions of satellite TV households across Europe to continue watching SD and HD content delivered with world-class reliability”. The public broadcasters who have signed contracts directly with […]
More detail has emerged from Intelsat’s 195-page filing to its Chapter 11 bankruptcy court and addressing its plan to emerge from bankruptcy. Intelsat is looking for approval which would result in it cutting its debt obligations by about half from today’s near-$15 billion to $7 billion. The statement to the court includes and outlines the […]
Intelsat says it has received backing from some of its creditors – holding some $3.8 billion of the company’s debt – to reduce its overall debt by some 53 per cent from around $15 billion to $7 billion. As at September 30th the company owed $14.4 billion to its creditors. Intelsat has filed its Plan […]
Satellite operator SES will unveil its half-year numbers on February 25th. Analysts at investment bank Berenberg have upgraded their advice on the company to clients to “Hold” but has more than a few cautions in a report. Currently SES shares are trading at sub-€7 levels (€6.84), a little better than its yearly low which was […]
A report from investment bank Exane/BNPP says that today’s various satellite operators are supplying some 2,000 Gb/s of capacity (as at December 31st 2020 and using Northern Sky Research data). The bank suggests that this will grow ten-fold by the end of this year, and 30-fold before the end of this decade. This growth includes
It was always expected that there could be extra payments to the C-band satellite operators once the FCC-organised auction had shown the strength of demand for spectrum. The four key players (Intelsat, SES, Telesat and Eutelsat) are already in line to share around $10 billion in FCC-authorised “incentives” for clearing their C-band satellite spectrum. With […]
Paris-based Eutelsat says it has won a contract to add a EGNOS payload onto an upcoming Hotbird satellite (13G) which will be launched in H1/2022. The contract comes from the European GNSS Agency and has a value of €100 million spread over the 15-year life of the satellite. Eutelsat says €85 million of the contract […]