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    SESG   LU0088087324

SES S.A.

(SESG)
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Real-time Euronext Paris  -  07:33 2022-11-28 am EST
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SES : Selects United Launch Alliance to Launch Two C-Band Satellites to Accelerate C-Band Clearing

08/05/2020 | 09:07am EST

U.S.-based United Launch Alliance’s Atlas V rocket will launch satellites into orbit as part of SES’s contribution to facilitate 5G across America

SES, the leader in global content connectivity solutions, has selected U.S.-based United Launch Alliance (ULA) to launch two C-band satellites. This launch is part of the company’s accelerated C-band clearing plan to meet the Federal Communications Commission’s objectives to roll out 5G services in the United States. ULA’s Atlas V rocket will launch from Cape Canaveral, Florida in 2022 and carry the two stacked satellites.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200805005597/en/

Credit: ULA / Previous Atlas V launch

Credit: ULA / Previous Atlas V launch

Earlier this year, SES contracted with American companies Northrop Grumman and the Boeing Company to deliver four C-band satellites. These satellites will enable SES to clear 280MHz of mid-band spectrum for 5G use while seamlessly migrating SES’s existing C-band customers and ensuring the continued delivery of digital television to nearly 120 million American TV homes and other critical data services. ULA will launch the two C-band satellites manufactured by Boeing.

SES is investing in America through its C-band transition plan and its work with large and small businesses across the country and its selection of Atlas V, an American launch vehicle launched from the American soil underlines that commitment.

“Clearing mid-band spectrum expeditiously while protecting cable neighborhoods across America is a huge undertaking and one that requires partners that can deliver mission success and schedule assurance,” said Steve Collar, CEO at SES. “We are thrilled to be working with ULA again and partnering to meet the FCC’s ambitious timeline for the accelerated clearing of C-band spectrum.”

“We are pleased SES selected ULA and our proven Atlas V for this important commercial launch service,” said Tory Bruno, ULA’s president and CEO. “Atlas V is known for its unmatched level of schedule certainty and reliability and this launch is critical to the timely clearing of C-band spectrum, empowering America’s accelerated implementation of 5G. ULA’s legacy of performance, precision and mission design flexibility allow us to deliver a tailored launch service that minimizes orbit raising time and perfectly meet our customer’s requirements. We are thrilled to provide this optimized launch solution to SES for this crucial launch.”

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About SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,300 channels and has an unparalleled reach of 367 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

About ULA

With more than a century of combined heritage, ULA is the nation’s most experienced and reliable launch service provider. ULA has successfully delivered 140 satellites to orbit that aid meteorologists in tracking severe weather, unlock the mysteries of our solar system, provide critical capabilities for troops in the field and enable personal device-based GPS navigation. For more information on ULA, visit the ULA website at www.ulalaunch.com, or call the ULA Launch Hotline at 1-877-ULA-4321 (852-4321). Join the conversation at www.facebook.com/ulalaunch, twitter.com/ulalaunch and instagram.com/ulalaunch.


ę Business Wire 2020
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Analyst Recommendations on SES S.A.
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Financials
Sales 2022 1 928 M 2 004 M 2 004 M
Net income 2022 306 M 318 M 318 M
Net Debt 2022 3 375 M 3 509 M 3 509 M
P/E ratio 2022 17,6x
Yield 2022 7,46%
Capitalization 3 026 M 3 147 M 3 147 M
EV / Sales 2022 3,32x
EV / Sales 2023 2,89x
Nbr of Employees 2 037
Free-Float 72,5%
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Mean consensus HOLD
Number of Analysts 4
Last Close Price 6,87 €
Average target price 8,55 €
Spread / Average Target 24,4%
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Managers and Directors
Stephen Collar Chief Executive Officer
Sandeep Jalan Chief Financial Officer
Frank Esser Chairman
Ruy Jose Carvalho Pinto Chief Information Officer
Ramanarayan V. Potarazu Independent Non-Executive Director
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