Tuesday, 29 July 2014

CQ-SES to invest €2.3 billion in new satellites

Luxembourg based satellite operator SES on 25th July has announced that it will invest around €2.3 billion in new satellites, including the building of SES-12. The investment rate will be at about a rate of €450 million per year ($612 million). 
SES is making a deliberate focus on Latin American orbital positions and recently won rights to two new orbital slots serving Brazil. 
In a conference call with investors, SES Chief Executive Karim Michel Sabbagh said SES-12’s digital transparent processor, combined with the spot beams, will allow the company more flexibility to focus coverage and power where it is needed.
SES already has 11 satellites operating from 10 orbital positions serving Latin American markets.
Source: http://cablequest.org/news/international-news/item/5601-cq-ses-to-invest-%E2%82%AC2-3-billion-in-new-satellites.html
Source: http://cablequest.org/news/international-news/item/5601-cq-ses-to-invest-%E2%82%AC2-3-billion-in-new-satellites.html

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