SES Completes Acquisition of 100% of O3b Networks
SES S.A. (Euronext Paris:SESG) (LuxX:SESG) announces the completion of the acquisition of the remaining shares in O3b Networks. Consequently, SES now owns 100% of O3b and will fully consolidate the company in SES’s financial accounts from this date forward.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160801005941/en/
SES (Euronext Paris:SESG) (LuxX:SESG) is the world-leading satellite operator with a fleet of more than 50 geostationary satellites. Focusing on value-added, end-to-end solutions in four key market verticals (video, enterprise, mobility and government), SES provides satellite communications services to broadcasters, content and internet service providers, and mobile and fixed network operators, as well as business and governmental organisations worldwide. SES stands for long-lasting business relationships, high-quality service and excellence in the satellite industry. The culturally diverse regional teams of SES are located around the globe and work closely with customers to meet their specific satellite bandwidth and service requirements.
SES’s subsidiary, MX1, is one of the leading media service providers and offers a full suite of innovative digital video and media services.
Through its ownership of O3b Networks, a next generation satellite network combining the reach of satellite with the speed of fibre, SES significantly enhanced existing video and data capabilities. SES is the first satellite provider in the world to deliver a differentiated and entirely scalable GEO-MEO offer with powerful technical capabilities across numerous market segments and geographies.
At SES we are shaping new ecosystems and laying the groundwork for new foundations.
Further information available at: www.ses.com
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