SES transfers from AMC-9 satellite following significant anomaly

SES (Euronext Paris:SESG) (LuxX:SESG), following a significant anomaly, is in the process of transferring capacity from its AMC-9 satellite, the company said.

The incident was noted on the morning of Saturday, 17 June 2017. SES has taken immediate action in contacting all customers and is working to transfer services to alternative satellite capacity in order to minimise disruption.

AMC-9 provided Ku-band and C-band coverage over the US and Mexico. The satellite was manufactured by Alcatel/Thales and was launched in 2003.

SES is working closely with the manufacturer to establish the cause of the anomaly and is evaluating all satellite recovery options. The full impact of the anomaly is still being assessed.

In the event that the spacecraft cannot be recovered, the potential impact on SES´s full year 2017 group revenue could be up to EUR 20 million. In this event, it would also be expected to result in a one-off impairment charge of EUR 38 million.

SES is a 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).