SES had revenue of about $6.2 billion for...
SES had revenue of about $6.2 billion for the third quarter, flat compared with the same period last year, SES said in a news release (http://bit.ly/17Sq8lv). Revenue on a constant exchange rate grew 2.9 percent, up from $6 billion in…
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Q3 2012, it said. The growth was due primarily to the 12.9 percent increase to $1.8 billion in the international segment, “as existing capacity was commercialized and the first revenue from [wireless carrier] Oi in Brazil on SES-6 was recognized,” it said. SES and Oi partnered to provide direct-to-home services on the satellite (CD June 5 p21). Revenue for the North American region dropped to about $1.3 billion, an 18.8 percent decrease from Q3 2012, SES said. The change was mainly due to the one-time year-ago Q3 revenue for services rendered on the SES-3 Ka-band payload, it said. In the African market, SES’s recent substantial increase in capacity supply “is expected to result in some pressure on pricing and volume growth, mainly in the data/enterprise segment,” it said. The company said it continues to see good growth in video as new direct-to-home neighborhoods are built.