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SES renews Luxembourg concession, agrees to support fund for space sector

Monday 2 December 2019 | 10:51 CET | News
SES announced that it has reached an agreement with the government of Luxembourg to renew the company's orbital concession for a period of 20 years, starting from January 2022. The satellite operator said that the concession's annual fee will be EUR 1 million from 2025 onwards. The agreement also includes a contribution of up to EUR 7 million per year that SES will pay into a fund supporting the Luxembourg space sector, starting from 2022.

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Categories: Broadcast & Satellite
Companies: SES
Countries: Luxembourg
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