SES admits Sky EPG issues holding back growth

By Julian Clover
October 29, 2007 10.51 UK

Romain Bausch, President and CEO of SES, has told Broadband TV News that Sky’s plans to put a hold on new EPG entries could put a hold on UK market growth. “There will still be growth, but the facts are there is this limitation that is hampering development. We are still experiencing growth, but it could be greater without problems like these,” said Bausch. However, he pointed to recent contracts both with Sky and Globecast to illustrate the market was far from at standstill.

Bausch’s comments came as SES reported a reduced third quarter revenue of €406.9 million, down from €481.8m in Q3 2006. Operating profit was €176.9m, falling from €199.6m.

SES remains confident for the months ahead, recurring revenue was up 9.9% on the prior year, and the company is anticipating growth of 6% in 2008.

Email Print

Related Articles