O3b Networks

SES lofts two more O3b satellites

Satellite operator SES has successfully lofted two additional O3b mPOWER satellites on board a SpaceX Falcon 9 rocket from Cape Canaveral Space Force Station. This second pair of O3b mPOWER satellites will join the first two satellites launched in December 2022, which have arrived at their target medium earth orbit (MEO) and are currently undergoing in-orbit […]

SES and Intelsat reportedly in merger talks

Satellite operators SES and Intelsat are in merger talks, according to a report in the FT. According to the paper, the pair are in talks in a move to ensure they are not left behind by industry consolidation in an environment where new entrants such as Elon Musk’s Starlink. Citing unnamed sources, the FT said […]

SES launches O3b mPower networks system

Satellite operator SES has launched O3b mPower, a system that is designed to deliver efficient high-performance network communications to users around the world. SES said that O3b mPower is capable of delivering “multiple terabits of throughput globally” and is scheduled for launch starting in 2021. The scalable system will use space and ground technologies, and lets […]

SES revenues boosted by RR Media acquisition and HDTV migration

Satellite operator SES’s video revenues for 2016 were boosted by the acquisition of RR Media and its merger with SES Platform Services to create MX1 last year, along , with reported video segment sales growing 4.7% to reach €1.399 billion. The number of HD channels delivered by SES grew by 7.2% to 2,495, with UHD […]

SES completes O3b acquisition

Satellite operator SES has completed the acquisition of 100% of O3b Networks. SES said it will fully consolidate the broadband satellite company in its accounts from now on. SES agreed in July to pay US$730 million to increase its stake in O3b Networks from 49.1% to 100%. The transaction sees SES consolidate US$1.2 billion of […]

SES agrees full buyout of O3b Networks

Satellite operator SES has agreed to buy 100% of broadband satellite operator O3b Networks, having received all of the necessary regulatory approvals. SES will pay US$730 million to increase its ownership of O3b from 49.1% to 100%, using proceeds from the company’s recent equity raising. On completion, SES said it will consolidate US$1.2 billion of […]

SES raises €900m to take full control of O3b Networks

Satellite operator SES has raised €908.8 million to fund its acquisition of the part of broadband satellite operator O3b Networks that it do3s not already own. SES will issue 39,857,600 million new Fiduciary Depositary Receipts (FDRs) at a price of €19. The number of new FDRs represents 11.6% of the existing number of the company’s […]