Ses consolidating

The transaction is expected to generate returns exceeding SES’s hurdle rates for infrastructure investments.

Karim Michel Sabbagh, President and CEO, commented: “The move to take control of O3b is a game-changing acquisition and a major step in the execution of SES’s differentiated strategy and complements SES’s growth strategy.

The consolidation of O3b – the fastest growing satellite network – significantly enhances SES’s long-term growth profile with the constellation expected to generate annualised revenues of between USD 32 million and USD 36 million per satellite at steady-state.

Since beginning commercial operations in September 2014, O3b has become the fastest growing satellite network in history in terms of capacity contracted.The final amount will depend on the closing date of the transaction.SES’s BBB/Baa2 investment grade credit rating is expected to be re-affirmed by Standard & Poor’s and Moody’s.These procurements will increase the size of the current fleet from 12 to 20 satellites (including three satellites currently flying as in-orbit back-up).At ‘steady-state’ utilisation, which is targeted to be achieved by the end of the third year of a satellite’s commercial service, the full operational constellation is expected to generate annualised revenue of between USD 32 million and USD 36 million per satellite.A put option, effective from 1 October 2017 and subject to O3b not having launched an IPO, is held by the other shareholders of O3b, under which SES would have the obligation to acquire all of the remaining shares in O3b for a baseline sum of USD 710 million, adjusted for an interest charge, calculated at market rates, to reflect the timing of the potential exercise of the put option.Additional information is available on the SES website at com Analyst Presentation A call for investors and analysts was held on 29 April 2016.The remarks, delivered inside the ballroom at his Mar-a-Lago estate during a lunch and fundraiser, were upbeat, lengthy, and peppered with jokes and laughter. The stewing anger with Sessions has soured Trump's mood over the past week, including on Wednesday evening, when he fumed inside the White House over his attorney general's decision to release a statement defending himself after Trump chastised his approach to an investigation into alleged surveillance abuses as "DISGRACEFUL" on Twitter.But Trump's words reflected his deeply felt resentment that his actions during the 2016 campaign remain under scrutiny while those of his former rival, Hillary Clinton, do not."I'm telling you, it's a rigged system folks," Trump said. On Saturday, among donors gathered in the grand ballroom named for himself at Mar-a-Lago, Trump pondered the happiness of his former rival, wondering aloud whether she was enjoying life after the campaign.Any decision which SES may take to exercise the call option will be subject to satisfying the company’s stated investment hurdle rates.Should such an exercise be relevant, and depending on the timing, potential financing sources, including capital markets, will be evaluated to determine the most appropriate financing option, in keeping with the company’s commitment to maintaining SES’s investment grade credit status (BBB/ Baa2).

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  1. But if you are in a context in which you have watched the person’s godliness, you have marveled at their character, you have rejoiced in what God has done in them and through them, then speed isn’t a big factor. What drove the speed wasn’t a flare-up of emotions — it wasn’t a fear of loneliness, or desperation, like maybe this is my only shot. Rather, there was knowledge of his faithfulness to God, his desire to serve the Lord, and his seriousness about the things of God.