SES provided the expected results. The Q2 results stood broadly in line, while the guidance has remained unchanged and now stands slightly below consensus. C-Band proceeds are on their way, with a tailwind coming from the stronger dollar. However, every investor should have their eyes on Intelsat, as a rumour of a merger with SES was released this morning. During the call, the CEO said he was favourable to the sector consolidating. Shareholders should be careful.
04 Aug 2022
Q2 22: a consolidating sector
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Q2 22: a consolidating sector
- Published:
04 Aug 2022 -
Author:
Romain Pierredon -
Pages:
3
SES provided the expected results. The Q2 results stood broadly in line, while the guidance has remained unchanged and now stands slightly below consensus. C-Band proceeds are on their way, with a tailwind coming from the stronger dollar. However, every investor should have their eyes on Intelsat, as a rumour of a merger with SES was released this morning. During the call, the CEO said he was favourable to the sector consolidating. Shareholders should be careful.