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steve collar

Bank: SES Q2 decline expected

Investment bank Exane/BNPP, in a note to clients, expects satellite operator SES to report a 3 per cent fall in revenues for its Q2 trading period. SES will unveil it numbers on August 3rd. Sami Kassab, an equity analyst at the bank, suggests that SES will report overall revenues of €487 million. The operator’s important […]

August 2, 2023

Intelsat scrubs SES merger talks

The merger discussions between the world’s two largest satellite operators, SES and Intelsat, are over. Intelsat said a deal, valued at a potential $10 billion (€9.1bn), is now off the table. SES announced June 22nd that discussions regarding a possible combination with Intelsat have ceased. On March 29th, SES had confirmed that the company had […]

June 22, 2023By Chris Forrester

Bank: SES shares at all-time low

The news that Steve Collar, SES’s CEO, is stepping down sent the satellite operator’s shares into near-meltdown. Over the past 5 days the SES share-price has fallen 14.70 percent, including a further 1.55 per cent on June 13th to an ‘all-time low’ of just €4.70. Confidence in SES seems to have evaporated. A report from […]

June 14, 2023

SES’s Steve Collar to step down

Satellite operator SES has announced that Steve Collar, Chief Executive Officer (CEO), will be stepping down at the end of June 2023 to pursue other professional and personal endeavours. The search for a successor is underway and Ruy Pinto, currently Chief Technology Officer of SES, will assume the role of CEO until a permanent successor […]

June 12, 2023By Colin Mann

Collar departure: “Hard to see a positive read”

The normal transition for any departing CEO at a major quoted company is well established. Weeks – and sometimes months – of advanced notice are given to shareholders and the market of an impending change in leadership. That has not happened in the case of Steve Collar, the suddenly outgoing CEO at SES. Collar will […]

June 12, 2023

SES boosts in-flight streaming for Vista flights

Raytheon Technologies-owned Collins Aerospace business will bring unlimited data to the customers of Vista, the private aviation group. Using Collins’ LuxStream, which runs exclusively on the SES’s high-throughput satellite (HTS) network, Vista customers can now access unlimited Internet for the duration of their flights. Since 2019, Vista has installed LuxStream on more than 75 aircraft […]

May 24, 2023

SES Q1 revenues up 9.6%

SES has reported a “solid” set of numbers with revenue of €490 million (+9.6 per cent YOY) including contribution from DRS Global Enterprise Solutions and a stronger US dollar. SES says it signed €90 million in new business for its Mobility division, and €110 million in either renewals or new business in Video. But Video […]

May 4, 2023By Chris Forrester

Luxembourg taps into SES O3b mPOWER

Luxembourg, already a major investor in SES, has announced it will leverage capacity on the SES O3b mPOWER fleet for government usage extending to Europe and NATO demand for defence and disaster recovery. The agreement also says it will support further “strategic partnerships” between Luxembourg and the US. Luxembourg’s Deputy Prime Minister, Minister of Defence, […]

February 24, 2023By Chris Forrester

SES: €980m orders on mPOWER

SES CEO Steve Collar, speaking following the successful launch on December 16th of two O3b/mPOWER satellites, says that its all-important backlog of orders for capacity on the mPOWER fleet has grown to €980 million, up from the €950 million confirmed earlier this year. The backlog covers the mPOWER fleet and usage on board its geostationary […]

December 22, 2022By Chris Forrester

ULA puts SES satellites into orbit

United Launch Alliance (ULA) successfully launched two SES satellites into their geosynchronous transfer orbits on October 4th from their Cape Canaveral launch site. ULA used a massive Atlas-V Centaur rocket to carry its two craft. SES-20 and SES-21 are both Boeing-built all-electric craft and will be used to supply C-band television transmissions to cable and […]

October 5, 2022By Chris Forrester