Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 61

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 61
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 cases, SES might also be required to coordinate any replacement satellite
that has performance characteristics which differ from those of the satellite that it replaces.

41

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 As a result of such coordination, SES may be required to modify the proposed satellite coverage areas or satellite design or transmission plans in order to eliminate or minimize harmful interference with other satellites or ground-based facilities. Those modifications may mean that use of a particular orbital position or frequencies is restricted, possibly to the extent that it may not be economical to replace a satellite. In addition, interference concerns of a country may affect the ability of SES’s satellite network to generate revenue due to the operational restrictions that the country may impose. Such operational restrictions may include, but are not limited to, restricting transponder power over the intended area, requiring receiving or transmitting earth stations to use a minimum antenna size or using steerable coverage to avoid a specific geographical area. Similarly, if and to the extent that ITU regulations or other contractual or regulatory constraints fail to prevent competing satellite operators from operating their satellites in a manner that causes harmful interference with existing or future satellites operated by SES, the performance of SES’s satellites in the affected areas could be adversely affected. Coordination issues with other satellite operators arise from time to time, and SES may not always be able to resolve such issues quickly, or at all, which could lead to reputational harm, loss of customers, deterioration of SES’s relationships with other operators, degradation of signal quality resulting from interference from satellites of other operators, operating or design restrictions that make SES’s services in a particular region less competitive or non-economicor limit SES’s ability to fully utilize the capabilities of a particular satellite or satellite system, and, to the extent an issue is not resolved in SES’s favor, potential loss of rights. Such issues also expose SES to the risk of litigation. Any of the factors described in this paragraph could have a material adverse effect on SES’s business, financial condition and results of operations. If SES does not occupy unused orbital locations or satellite orbits by specified deadlines, or does not maintain satellites in the orbital locations SES currently uses, those orbital locations or satellite orbits may become available for use by other satellite companies. Orbital locations, satellite orbits or frequency bands that SES uses or is planning to use may become available for other satellite operators to use if SES does not:

| • |     | occupy unused orbital locations or satellite orbits by specified deadlines; |

| • |     | maintain satellites