SES ASTRA TAKES FULL OWNERSHIP OF SES SIRIUS05 Mar 2010
Luxembourg, 5 March 2010 - SES ASTRA, an SES company (Euronext Paris and Luxembourg Stock Exchange: SESG), announced today that it has taken full ownership of SES SIRIUS AB by acquiring the remaining 10 percent of the shares from the Swedish Space Corporation (SSC). The terms of the transaction were not disclosed.
SES became a shareholder in SES SIRIUS in October 2000 with a stake of 50 percent. In the course of the last decade, SES ASTRA has gradually increased its stake in the company to 90 percent in 2008. SES SIRIUS operates the leading satellite system in the Nordic and Baltic countries with a strong market position in Central and Eastern Europe. It has offices in Sweden, Latvia, Russia, Ukraine and Romania. The SIRIUS satellites are positioned at 5 degrees East.
Ferdinand Kayser, President and CEO of SES ASTRA, said: "SES SIRIUS is active in important growth markets that have been in our strategic focus for years. Therefore, we have gradually increased our stake in the company and established a strong presence in these different markets. While SES will continue to operate a Sweden-based company, the integration of the SES SIRIUS team and activities into our operations will be another important milestone in the implementation of our geographic expansion strategy."
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About SES ASTRA www.ses-astra.com
SES ASTRA is the leading Direct-to-Home (DTH) satellite system in Europe. The satellite fleet currently comprises 15 ASTRA satellites. The ASTRA satellite system delivers services to more than 122 million DTH and cable households and transmits more than 2,500 analogue and digital television and radio channels. SES ASTRA also provides satellite-based multimedia, internet and telecommunication services to enterprises, governments and their agencies. With more than 100 High Definition (HD) channels on its main orbital positions, ASTRA represents the most important HDTV platform for Europe's leading broadcasters. The prime orbital positions for ASTRA are 19.2° East, 28.2° East, 23.5° East, 5° East and 31.5° East.
SES ASTRA is an SES company (Euronext Paris and Luxembourg Stock Exchange: SESG). SES wholly owns SES ASTRA and SES WORLD SKIES, as well as participations in Ciel in Canada and QuetzSat in Mexico. SES provides outstanding satellite communications solutions via a global fleet of 41 satellites in 26 orbital locations. For further information: www.ses.com.