Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 427

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 427
---
 or to receive telemetry, and in December 2010, we recovered command of the spacecraft and have subsequently uploaded flight software code to protect against future anomalies of this type. On August 10, 2022, the Galaxy 15 satellite experienced an anomaly, likely during space weather activity, resulting in our inability to command the satellite. A failure review board convened with the satellite’s manufacturer, Northrop Grumman (formerly Orbital Sciences Corporation), and concluded that the anomaly is similar to the one encountered in April 2010. We recorded an impairment charge of the full carrying value of approximately $5.2 million in the third quarter of 2022, which is included within “Satellite impairment” in our consolidated statements of operations. There was no impact to customer services, and we migrated all customers originally on Galaxy 15 to other satellites in our network. The Galaxy 15 satellite was replaced by the Galaxy 33 satellite in the fourth quarter of 2022. On March 7, 2023, we recovered command and telemetry of the Galaxy 15 satellite and were able to stop the drift of the satellite across the geostationary orbit. We decommissioned the satellite on June 6, 2023. (c) Intelsat 33e Anomaly InOctober 2024, the Intelsat 33e satellite (in service since 2017) experienced an anomaly that resulted in a total loss of the satellite. In accordance with our existing satellite anomaly contingency plans, we restored service F-138

for most Intelsat 33e customers on other satellites in our network, as well as on third-party satellites. We recorded a non-cash impairment charge of
$100.9 million in the fourth quarter of 2024, which is included within “Satellite impairment” in our consolidated statements of operations, of which $97.0 million related to the full carrying value of the satellite and
$3.9 million related to prepaid coordination fees.

A failure review board has been formed with the satellite’s manufacturer,
Boeing, to complete a comprehensive analysis of the most likely cause of the anomaly. The analysis is still ongoing.

(d) Intelsat 30

In February 2025, the Intelsat 30 satellite experienced a mechanical malfunction.

Events (Unaudited) Subsequent to the Date of the Auditors’ Report

In March 2025, we completed the troubleshooting process, and the satellite is functioning nominally. The malfunction did not have any impact