SESGL SES SA FDR (Class A)

European Space and Telecoms Players Sign Partnership Agreement to Bid for IRIS2 Constellation

A group of European space and telecommunications players have come together to form a partnership to respond to the European Commission’s call for tender related to the future European satellite constellation IRIS² (Infrastructure for Resilience, Interconnectivity and Security by Satellite). IRIS² aims to bring a new secure and resilient connectivity infrastructure to European governments, businesses and citizens.

This press release features multimedia. View the full release here:

Interconnected multi-orbit system (Graphic: Business Wire)

Interconnected multi-orbit system (Graphic: Business Wire)

The open consortium will be governed by Airbus Defence and Space, Eutelsat, Hispasat, SES and Thales Alenia Space. The consortium will also rely on the core team of the following companies: Deutsche Telekom, OHB, Orange, Hisdesat, Telespazio, and Thales. Together, they will aim to create a state-of-the-art satellite constellation based on a multi-orbit architecture that would be interoperable with the terrestrial ecosystem.

This partnership will set up an integrated best-in-class European space and telecoms team across these companies to leverage the expertise and capabilities in the field of secure satellite communications solutions. The consortium will encourage start-ups, mid-Caps and SMEs to join the partnership, resulting in a more innovative and competitive European space sector where new business models will emerge.

The integrated team aims to foster collaboration among all European space players across the whole connectivity value chain with a view to enabling EU’s strategic autonomy through the delivery of sovereign, secure and resilient government services to protect European citizens. The team will leverage synergies between government and commercial infrastructures. The teaming partners are also well positioned to provide commercial services to bridge the digital divide across European territories and to increase Europe’s global outreach and competitiveness as a space and digital power on the global market.

IRIS² will deliver resilient and secure connectivity solutions to governments to protect European citizens and will provide commercial services in the interest of European economies and societies. It will also bolster the EU partnership policy by offering its infrastructure abroad. IRIS² is the EU's new flagship space programme for a digital, resilient and safer Europe.

EN
02/05/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SES SA FDR (Class A)

Jan Frederik Slijkerman
  • Jan Frederik Slijkerman

SES: has it got its mojo back?/Intelsat acquisition: second step in tr...

With the recent acquisition of Intelsat and the launch of two new satellites for its O3b mPOWER satellite constellation, SES[de] has taken big steps in its transformation. Upcoming action points are the construction of IRIS2 and potentially a form of LEO activity. We think the notes look attractive, although leverage will move up with its next financial report.

Ben Rickett ... (+2)
  • Ben Rickett
  • James Ratzer

SES (Neutral, €5.5, -5%) 2Q25: Results ahead, but FY25 guidance pendi...

SES has reported Q2 results ahead of lowered expectations, with revenue supported by accelerating government services. However the company is yet to provide FY25 guidance for the combined business, following the Intelsat merger close on 17 July. This is expected with the Q3 results, leaving a degree of uncertainty until then. In this Quick Take, we review the Q2 numbers and estimate the FY25 guidance as implied by the (reiterated) standalone guidance.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch