SES up, Europe satellite firms on move after FCC grants fleet expansion
SES Global is up 3.1% in OTC exchanging subsequent to getting an OK from the FCC to "fundamentally" extend its O3b satellite armada in medium earth circle.
That opens huge extra frequencies that SES will use to serve the U.S. advertise. A sum of 26 new O3b satellites were approved, adding to 16 officially operational and in circle.
"With the initial 7 O3b mPOWER satellites, we will convey a change in outlook in execution, data transfer capacity and administration," says CEO Steve Collar. "The FCC give gives the stage to exponentially scale the system in light of surging interest for worldwide information network."
UBS reacted by redesigning SES to Buy from Neutral, and made a similar proceed onward Eutelsat
By enabling the grant the SES has access to additional frequencies to use in its non-geostationary (NGSO) constellation and enables it to deploy O3b mPOWER satellites into inclined and equatorial orbits, delivering full global pole-to-pole coverage.
"This important FCC grant provides SES with the means to grow and scale our network, connecting the planet and delivering world class solutions to our customers globally," said Steve Collar, president and CEO of SES. "With the first 7 O3b mPOWER satellites, we will deliver a paradigm shift in performance, bandwidth and service. The FCC grant provides the platform to exponentially scale the network in response to surging demand for global data connectivity."
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