SES 'Confident' of Making Accelerated C-Band Clearing Deadlines
COVID-19 effects this fiscal year should be "limited," Eutelsat CEO Rodolphe Belmer said Thursday as the company announced Q3 results. Revenue of about $348 million in the quarter ended March 31, down from about $364 million last year, was in…
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line with expectations. It said it's "confident" it will meet the 2021 and 2023 C-band clearing deadlines that would make it eligible for $507 million in acceleration payments. It said the planned launch this year of its Eutelsat Quantum satellite likely will be delayed by the pandemic's effect on satellite manufacturers and launchers. The company said its Konnect satellite, launched in January, should start providing service by year's end, but deployment of ground gateways will likely be partially delayed due to the pandemic. Intelsat, in its Chapter 11 bankruptcy filing Wednesday, aimed for the C-band accelerated deadlines (see 2005140028).