|By Business Wire||
|January 6, 2014 12:23 PM EST||
Eutelsat Communications (Paris:ETL) (NYSE Euronext Paris: ETL) and SES (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) announce that they have completed the sale to EchoStar Corp. (NASDAQ: SATS) of Solaris Mobile Ltd., a jointly-owned company based in Dublin, set up to develop next-generation Mobile Satellite Services (MSS).
Solaris Mobile is one of the European Union licensees of mobile satellite services with a complementary ground component (S band). As an experienced operator already familiar with the S-band environment and business potential, EchoStar is well positioned to ensure the continuing development of Mobile Satellite Services across the European Union. The terms of the sale agreement remain confidential.
About Eutelsat Communications
Established in 1977, Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is one of the world's leading and most experienced operators of communications satellites. The company provides capacity on 34 satellites to clients that include broadcasters and broadcasting associations, pay-TV operators, video, data and Internet service providers, enterprises and government agencies. Eutelsat’s satellites provide ubiquitous coverage of Europe, the Middle East, Africa, Asia-Pacific and the Americas, enabling video, data, broadband and government communications to be established irrespective of a user’s location. Headquartered in Paris, with offices and teleports around the globe, Eutelsat represents a workforce of 1,000 men and women from 32 countries who are experts in their fields and work with clients to deliver the highest quality of service.
For more about Eutelsat please visit www.eutelsat.com
SES is a world-leading satellite operator with a fleet of 55 geostationary satellites. The company provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators and business and governmental organisations worldwide. SES stands for long-lasting business relationships, high-quality service and excellence in the broadcasting 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 (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) holds participations in Ciel in Canada and QuetzSat in Mexico, as well as a strategic participation in satellite infrastructure start-up O3b Networks. Further information under: www.ses.com