. 24/7 Space News .
Swedish Space Corporation To Retain 25% Stake In NSAB

King of GEO
Stockholm - Dec 17, 2003
SES Global S.A. and Swedish Space Corporation (SSC) have announced that they have entered into a definitive agreement whereby SES Global increased its existing interest in Sweden's Nordic Satellite AB (NSAB) from 50% to 75%, by acquiring an additional 25% stake from SSC. Financial terms of the transaction, which is expected to close on February 2nd, 2004, were not disclosed.

By increasing its interest in NSAB, SES Global intends to benefit from enhanced synergies between its European ASTRA satellite system and NSAB's SIRIUS satellites, whilst the legal, corporate and brand identity of NSAB-SIRIUS will continue to be maintained. SES has been a 50% stakeholder in NSAB since October 2000.

Commenting on the transaction, Romain Bausch, President and CEO of SES Global said: "With the full strategic and organizational integration of the SIRIUS satellites into the SES Global fleet, whilst maintaining the integrity of NSAB, SES is committed to further optimize its existing orbital assets over Europe and to coordinate fully the ASTRA and SIRIUS sales and marketing activities as well as their proven expertise to the benefit of their respective customers."

In the context of the transaction, the parties have also concluded a new shareholders agreement whereby Swedish Space Corporation will retain a 25% interest in NSAB and, under a new Technical Services Agreement, will continue to provide Network operations as well as Satellite Control, Telemetry, Tracking & Control (TT&C) services to the SIRIUS satellites.

Claes-Goran Borg, CEO of SSC, states: "The integration of NSAB's SIRIUS satellite system into the world's largest satellite operation, coupled to fully concerted sales, marketing and technological development efforts amongst NSAB and ASTRA, provides new impetus to NSAB as a leading Nordic satellite operator with strong Swedish roots in an industry prone to further consolidation on an international scale."

Related Links
Nordic Satellite
Swedish Space Corporation
SES Global
SpaceDaily
Search SpaceDaily
Subscribe To SpaceDaily Express

Sirius Announce Venture To Bring Satellite Radio To Canadians
Ottawa - Dec 11, 2003
CBC/Radio-Canada, Canada's national public broadcaster, says it will form a joint venture to bring satellite radio to Canada. CBC/Radio-Canada and Sirius also announced today that the venture will soon file an application with the Canadian Radio-television and Telecommunications Commission (CRTC) for a license to provide satellite radio in Canada.



Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only














The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.