SES and Luxembourg Government Renew Orbital Concession, Establish New Fund for Space Sector
29 Novembro 2019 - 12:05PM
Business Wire
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. As part of
the agreement and starting from 2022, SES will also contribute a
maximum of EUR 7 million per year into a fund to support and
strengthen the Luxembourg space sector as well as benefit the wider
local economy.
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SES and Luxembourg Government Renew
Orbital Concession, Establish New Fund for Space Sector (Photo:
Business Wire)
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About SES
SES is the world’s leading satellite operator with over 70
satellites in two different orbits, Geostationary Orbit (GEO) and
Medium Earth Orbit (MEO). It provides a diverse range of customers
with global video distribution and data connectivity services
through two business units: SES Video and SES Networks. SES Video
reaches over 355 million TV homes, through Direct-to-Home (DTH)
platforms and cable, terrestrial, and IPTV networks globally. SES
Video delivers a full suite of innovative end-to-end value-added
services for both linear and digital distribution, and includes the
ASTRA satellite system, which has the largest DTH television reach
in Europe. SES Networks provides global managed data services,
connecting people in a variety of sectors including
telecommunications, maritime, aeronautical, and energy, as well as
governments and institutions across the world. The SES Networks
portfolio includes GovSat, a 50/50 public-private partnership
between SES and the Luxembourg government, and O3b, the only
non-geostationary system delivering fibre-like broadband services
today. Further information is available at: www.ses.com
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version on businesswire.com: https://www.businesswire.com/news/home/20191129005253/en/
Suzanne Ong Public Relations, SES Tel. +352 710 725 500
suzanne.ong@ses.com
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