|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.18 - 9.21|
|52 Week Range||5.50 - 15.24|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||6.52|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr. 23, 2019|
|1y Target Est||N/A|
Vital new satellite capacity will be delivered to Canada’s north, including all 25 communities of Nunavut, following a partnership signed between SSi Canada, the developer-operator of QINIQ broadband and SSi Mobile services in Nunavut, and SES Networks, the leader in global content connectivity solutions.
(Bloomberg) -- Europe’s space industry will try to match Chinese advances in secure communications to gain an edge over satellite broadband networks including British-backed OneWeb, France’s most senior space official said.Chinese scientists have developed what they say is an “unhackable” form of global satellite communications that draws upon quantum physics to encrypt signals, and launched a satellite in 2016 to test the nascent technology.European space officials say similar systems could be used to secure a planned low-earth orbit satellite network, and give it a capability lacked by competing space constellations such as Elon Musk’s Starlink and OneWeb, which was rescued from bankruptcy last year by Britain’s government and Indian billionaire Sunil Mittal.“Evidently we must look at technologies that are different from those used by constellations being sent into orbit and which were conceived about a decade ago,” the head of France’s CNES space agency, Jean-Yves Le Gall, said in an online press conference on Tuesday.Europe Wants Its Own Alternative to Musk’s Starlink Network Low-earth orbit networks offer much faster internet connections than conventional space communications operated from geostationary satellites in more distant orbits. However, the route to profitability is unclear as the ground-based terminals are complex and costly. Le Gall said European governments are keen to gain a foothold in quantum technology to ensure the secure communications over the planned network, which would arrive relatively late in the game. Starlink is already being tested with potential customers and OneWeb aims to be offering global broadband services within 18 months. Airbus RoleThe project spearheaded by EU Internal Market Commissioner Thierry Breton would aim to give Europe a homegrown capability in low-earth orbit just as its Galileo geo-positioning system rivals the U.S. military’s GPS.Aerospace giant Airbus SE would lead a consortium to build the network alongside Thales Alenia Space, Germany’s OHB SE, satellite operators Eutelsat Communications SA and SES SA and space companies Telespazio and Arianespace, under the plans reported by newspaper Les Echos last month. It said the new constellation would cost an estimated 6 billion euros ($7.4 billion)Breton will give further details on the project at a conference next week, said Le Gall.The U.K. committed $500 million to the OneWeb rescue partly as a way to boost its global communication capabilities after Brexit cut it out of the development of Galileo’s most secure military-level signals. Le Gall said the EU is ready to begin talks to evaluate what level of access Britain could still be granted to Galileo as a partner state, like Norway or the U.S. “For now it’s premature to say how it will end. Clearly today the U.K. is out of the EU. So it’s out of Galileo permanently and now it wants to return, but it would do so as an associate state, because it’s not a member state,” Le Gall said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Bidding in a 5G airwaves auction in the U.S. surged past $76.5 billion, fueled by a frenzied demand for capacity that could send carriers like Verizon Communications Inc. and AT&T Inc. to the debt market to finance the tab.The auction run by the Federal Communications Commission started last month with a field of 57 potential bidders, including the third major wireless carrier, T-Mobile US Inc., and pay-TV providers such as Dish Network Corp., Comcast Corp. and Charter Communications Inc. Within days, the tally exceeded analysts’ estimates of $47 billion.“It blows all auctions away,” said Sasha Javid, chief operating officer of wireless data company BitPath. The previous top FCC airwaves auction attracted almost $45 billion in bids in 2015. The current sale of frequencies in the so-called C-band could approach $80 billion as bidding extends for another week or more, Javid said in an interview.The go-for-broke bidding underscores how crucial these midband frequencies are to companies trying to seize global leadership in emerging 5G technology. The airwaves are expected to drive a yearslong surge of profits when deployed for next-generation mobile devices, autonomous vehicles, health-care equipment and manufacturing facilities.“It’s great spectrum, there’s a lot of it, and it’s coming right as carriers are gearing up to get ready for 5G,” said Doug Brake, director of broadband and spectrum policy at the Information Technology & Innovation Foundation, a nonprofit research outfit.Verizon VersusWhile Verizon was expected to be the biggest bidder in the auction, the carrier may have run into a formidable counterbidder in T-Mobile, thanks to the financial backing of its controlling stockholder, Deutsche Telekom AG.“If you’re Verizon and you don’t get this spectrum, you’ve basically lost the race to 5G,” Javid said.With about $10 billion in additional cash from Deutsche Telekom, New Street Research says T-Mobile could be using the auction to build on an already-large holding of midband 2.5-gigahertz airwaves gained with the takeover of Sprint Corp. in April.T-Mobile already has “a powerful network advantage today, and they may extend it,” New Street Research analyst Jonathan Chaplin wrote in a note Monday.Collectively, the largest bidders had about $70 billion in cash available at the beginning of the auction. But with the total already higher than that, companies like Verizon, AT&T, T-Mobile, Dish and Comcast “may have to tap the bond market in early 2021,” Bloomberg Intelligence analyst Stephen Flynn wrote in a note Monday.In addition to the airwaves licenses, winning bidders also will pay an estimated $13 billion or more to current users of the airwaves, including satellite providers Intelsat SA and SES SA. The satellite companies will change their use of frequencies to make room for the 5G providers.(Update new bid total in first paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.