SES (Euronext Paris:SESG) (LuxX:SESG) announced that, following a significant anomaly, the company is in the process of transferring capacity from its AMC-9 satellite.
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AMC-9 provided Ku-band and C-band coverage over the U.S. and Mexico. The satellite was manufactured by Alcatel/Thales and was launched in 2003.
SES is working closely with the manufacturer to establish the cause of the anomaly and is evaluating all satellite recovery options. The full impact of the anomaly is still being assessed.
In the event that the spacecraft cannot be recovered, the potential impact on SES's full year 2017 group revenue could be up to EUR 20 million. In this event, it would also be expected to result in a one-off impairment charge of EUR 38 million.
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