|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.69 - 12.97|
|52 Week Range||10.81 - 18.88|
|Beta (5Y Monthly)||0.19|
|PE Ratio (TTM)||23.79|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||0.80 (6.27%)|
|Ex-Dividend Date||Apr 23, 2019|
|1y Target Est||20.34|
Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite networks and services, today announced that SES (Euronext Paris and Luxembourg Stock Exchange: SESG) will employ the Hughes JUPITER™ System to enable services on its SES-17 satellite, which is being built by Thales Alenia Space and expected to launch in 2021. The agreement calls for Hughes to supply its next-generation ground network system, including data centers and hub equipment, which will operate over SES-17, a satellite with a highly flexible payload optimized for aviation connectivity and other high-powered data services across the Americas, the Caribbean, and the Atlantic Ocean.
SES and the Luxembourg Government announced today that they have reached an agreement to renew SES’s concession to operate satellites flying under Luxembourg jurisdiction for 20 years, effective from January 2022 when the current concession expires, with an annual fee of EUR 1 million from 2025 onwards.
The C-Band Alliance (“CBA”), comprised of the leading global satellite operators Intelsat (NYSE:I), SES (Euronext Paris: SESG), and Telesat, responded today to an announcement by the Chairman of the Federal Communications Commission (“FCC”) that he intends to pursue a public auction to clear the satellite spectrum currently licensed to the members of the C-Band Alliance. The announcement does not address the critical involvement of the incumbent satellite operators in executing the complex task of reconfiguring and transitioning their networks.
The contribution proposal states that if the FCC adopts the CBA proposal, the CBA commits to pay a portion of net proceeds of a CBA-led auction to the U.S. Treasury using a progressive formula which ranges from 30% to 75% of proceeds depending on the outcome of the auction. This payment to the U.S. Treasury would be calculated after the netting of all costs incurred to plan for and take all actions to implement the CBA proposal to clear 300 MHz of spectrum and is inclusive of all federal income tax liabilities incurred by the CBA member companies as a direct result of the auction.
The C-Band Alliance (CBA) announced today that it joined a number of national, regional, and rural wireless operators in an FCC filing detailing a set of principles to guide a process for auctioning off terrestrial rights to C-band spectrum. Consistent with the goal of clearing spectrum and completing the auction efficiently and expeditiously, the CBA has proposed to clear a first tranche of 120 MHz of spectrum, inclusive of the 20-MHz guard band, in 46 top metropolitan zones within 18 months of an FCC order. The auction design outlined in the principles agreed to by the CBA and the wireless operators addresses the shared goals of fairness and transparency and assures that the auction is open to all qualified bidders, consistent with FCC practice.
The C-Band Alliance (CBA) announced today that it will commit to clear 300 MHz of C-band spectrum to support fast 5G wireless deployment throughout the continental U.S. In an updated filing with the U.S. Federal Communications Commission (FCC), the CBA detailed that the 300 MHz of spectrum includes a 20-MHz guard band to protect existing satellite services from 5G interference.
SES S.A. announced today the successful launch and pricing of a bond offering in which it has agreed to sell senior unsecured fixed rate notes due in 2027 for a total amount of EUR 500 million. SES is rated Baa2 by Moody’s (with stable outlook) and BBB- by Standard & Poor’s (with stable outlook). With this transaction, which was oversubscribed by more than 5 times, SES has taken advantage of the current attractive market conditions to further strengthen its liquidity profile ahead of a EUR 650 million senior debt maturity in March of next year and issued a bond with the lowest coupon in the company's history.
SES S.A. today announced its financial results for the nine months ended 30 September 2019 with financial performance continuing to be in line with SES’ expectations; sequential growth in quarterly revenue and EBITDA and financial outlook unchanged.
Interoperable GEO/MEO platform enables seamless switching between GEO and MEO satellite beams, opening the door for O3b connectivity to disrupt the skies as it has the seas
New 5-year facility strengthens SES’ liquidity profile while the strong bank interest received underscores the attraction of SES as a strong investment grade company.
European Maritime Safety Agency uses managed connectivity services for remotely piloted aircraft performing search and rescue, environmental and other maritime missions
SES and World Space Week Association jointly announced that SES President and CEO Steve Collar will be Honorary Chair of World Space Week 2020. “I’m excited to chair World Space Week, the biggest space event on Earth, as it focuses global attention on the broad benefits of satellite technology to humankind,” said Collar.