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Super Moderator
SES and Eutelsat update on operations at 28.5° east
Following the decision of the Arbitral Tribunal constituted under the rules of the International Chamber of Commerce of Paris that concluded the first phase of arbitration in September 2013 and a preliminary injunction by the regional civil court of Bonn, SES (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) and Eutelsat Communications (NYSE Euronext Paris: ETL) have collaborated in the best interest of customers to ensure a smooth transition of operations on frequencies at 28.5°E under a German filing. As of October 4, SES is operating and Eutelsat has ceased operating on these frequencies. The transfer was successfully completed in the night of 3-4 October. SES and Eutelsat are in discussions to find a solution regarding the subject matter of the arbitration.
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