Global satellite operator SES S.A. reports that its SES Satellite Leasing business unit in the Isle of Man was selected as the successful bidder in yesterday's public auction for the Protostar 2 satellite with a USD 185 million, all cash offer.
Upon conclusion of the transaction, Protostar 2 will be integrated into the global satellite fleet of SES WORLD SKIES to provide incremental capacity over Asia.
Protostar 2, built by Boeing, carries 22 physical Ku-Band transponders as well as 10 S-band transponders. The satellite was launched in May this year onboard a Proton rocket and is expected to provide at least 15-years of operational service.
"SES WORLD SKIES already has a thriving video neighborhood in the immediate vicinity of Protostar 2 as well as appropriate orbital rights that allow for expansion" said Rob Bednarek, President and CEO of SES WORLD SKIES.
"By acquiring a healthy satellite in orbit we are fast-tracking future revenue growth and providing our customers with incremental capacity while reinforcing our commitment to the continued development of the Asian direct-to-home (DTH) market".
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