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The satellite operator announces that it plans to launch a dedicated satellite for governmental use in partnership with the Luxembourg Government in late 2017. A Luxembourg-based company jointly held by SES and the Luxembourg Government is planned to own and operate the new spacecraft. The Luxembourg Government and SES would each invest 50 million euros into the new company, which, at the same time, would receive a 125 million euros bank loan from a consortium of Luxembourg banks to finance the satellite’s procurement and launch. This investment has been foreseen within SES's existing capital expenditure projections. The spacecraft would be positioned in the European arc, covering Europe, the Middle East, Africa and Asia-Pacific.
The capacity of the new satellite would...
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