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SES And Luxembourg Renew Orbital Concession

02/12/2019

LUX: SES and the Luxembourg Government have announced that they have reached an agreement to renew SES’s concession to operate satellites flying under Luxembourg jurisdiction.


The agreement will run for 20 years, effective from January 2022 when the current concession expires, with an annual fee of EUR 1 million from 2025 onwards.


As part of the agreement and starting from 2022, SES will also contribute a maximum of EUR 7 million per year into a fund to support and strengthen the Luxembourg space sector as well as benefit the wider local economy.


www.ses.com


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