Meltdown for SES; boost for Intelsat

The world’s two largest satellite operators made very different impacts on their local stock exchanges on February 12th.

SES was hammered as a result of its worrying change of CEO and CFO. While some observers and analysts welcomed the news as representing a clean sweep at the top of the company, the market voted with its feet. SES’ share price crashed to a 5-year record ‘low’ price of just €11.37, tumbling €1.44 (11.2 per cent).

Source: INSIDE SATELLITE: Meltdown for SES; boost for Intelsat

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