SES (Euronext Paris:SESG) (LuxX:SESG) has been able to draw on its global satellite fleet of over 50 geostationary satellites to rapidly restore customers capacity following a significant anomaly affecting the AMC-9 satellite on Saturday 17 June 2017, the company said.
SES immediately engaged with customers and was able to quickly offer a restoration capacity plan to transfer services to alternative satellites and minimise disruption. By late evening on Sunday 18 June 2017, the majority of the traffic had already been restored.
With the benefit of its global satellite network, SES was able to adjust its fleet deployment plan and offer solutions to affected customers with the use of existing assets. SES is currently taking steps to relocate additional assets to 83 degrees West, to support customers´ requirements.
SES continues to work with the manufacturer to identify the root cause of the anomaly, as well as any possible options to recover the spacecraft. Thanks to the restoration plan, the potential impact on SES´s full year 2017 group revenue is expected to be lower than EUR 20 million, which includes the potential reduction in available fleet transponders for future commercialisation. The one-off impairment charge is expected to be EUR 38 million.
SES is the world-leading satellite operator and the first to deliver a differentiated and scalable GEO-MEO offering worldwide, with more than 50 satellites in Geostationary Earth Orbit (GEO) and 12 in Medium Earth Orbit (MEO). SES focuses on value-added, end-to-end solutions in two key business units: SES Video and SES Networks.