PARIS — Satellite fleet operator SES’s video business, now two-thirds of its revenue, will decline by 4% in the next two years rather than to grow slightly, as previously forecast, but the drop will be more than compensated by a 30% growth in its Network division, SES said July 27.
If the forecasts hold up, SES Networks in 2020 will be more than 40% of SES’s total revenue, versus 33% today. Video will still account for a majority of the revenue and contribute higher EBITDA margins than Networks, but its more . . .
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