SES CEO Adel Al-Saleh, in an interview, has said that despite the recent examples of acquisitions it must move even faster. SES is awaiting regulatory approvals for its purchase of rival Intelsat, and has recently made an investment in Lynk Global which is building a low Earth orbiting fleet of satellites for Direct-to-Consumer (D2C) connections. […]

ANGA COM, which runs from June 3rd to 5th in Cologne, has published a preview of its conference programme with a high participation of CEOs. The exhibition is also on course to break records with already 480 exhibitor registrations from 40 countries and bookings for more stand space than last year. In 2024, the Exhibition […]

The post-results analysts call with SES senior management focused on two topics: The possibility of another C-band release of spectrum to the FCC and the state of the Intelsat $3.1 billion (€2.9bn) acquisition by SES and what the consequences would be if one of the parties walked away from the deal. The FCC is holding […]

Luxembourg-based satellite operator SES says its overall revenue for the 2024 full year achieved a “solid financial performance leading to revenue at the top end of the financial outlook and exceeding SES’s objectives.” Overall revenue was at €2.001bn, down 0.9 per cent YOY. The operator’s Networks division saw revenue grow +2.9 per cent YOY with […]

Satellite operator SES will this year celebrate its 40th Anniversary. CEO Adel Al-Saleh has been doing the rounds with local Luxembourg press and TV to update citizens of progress at the company, and to allay fears that a recent round of 68 redundancies at its Betzdorf headquarters will be followed by more. Al-Saleh told RTL […]

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 […]

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 […]

Adel Al-Saleh has been hired as the CEO at SES, effective February 2024. Since January 2018, Al-Saleh has been CEO at T-Systems, the integrated IT services provider and subsidiary of telecommunications company Deutsche Telekom, and he has served as a member of the Board of Management at DT throughout this period. In his time at […]