Satellite Operator SES Global Buys Out Shareholders In Broadband Unit

INTERNET SPACE

by Staff Writers
Luxembourg (AFP) Apr 12, 2006
SES Global, the biggest private satellite operator in the world, said Tuesday it was buying out minority shareholders in its Satlynx broadband communications unit. The Luxembourg-based company said it had brought its holding in Satlynx from 77 percent to 100 percent by buying Alcatel Alenia Space's six percent stake and Israeli firm Gilat's 17 percent stake.

SES Global, whose shares trade on the Luxembourg and Paris stock exchanges, did not give the financial conditions for the deal.

The three companies set up Satlynx in 2002 to provide two-way satellite broadband communication services throughout Europe.

Satlynx, which is also based in Luxembourg, had sales of 24 million euros (29 million dollars) in 2004.

Source: Agence France-Presse

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Boeing Teams With France Telecom On Connexion Satellite Service

Paris France (SPX) Apr 5, 2006
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