SpaceRISE Signs Concession Contract to Deliver Europe’s IRIS2 Connectivity Network
Summary
SES’s contribution to IRIS2 will be to develop, procure, and operate 18 new MEO satellites providing 100% pole-to-pole coverage with carrier-grade connectivity solutions. The compelling combination of high throughput data rates, low latency, service flexibility, and managed solutions will cater to EU’s sophisticated requirements, as well as allied nations and SES’s customers around the world. The EU and Member States will be the anchor customers to the IRIS2 constellation, while also attracting allied nations across the world, underpinning revenue generation which is expected to cumulatively be around €6 billion over the 12 years. This level of cash generation will more than support the incremental CapEx for IRIS2 while retaining financial flexibility to increase shareholder returns and consider further balance sheet strengthening. Click below links for other releases issued by the European Institutions: SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world.
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