Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 436

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 436
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 of $139.0 million within our consolidated statements of operations for the year ended December 31, 2023. As of October 19, 2023, the entire Phase II ARP proceeds of $3.7 billion were received. We recognized interest income on the ARP Rights of $268.7 million and $208.9 million for the ten months ended December 31, 2022 and year ended December 31, 2023, respectively, with no similar amount recognized for the two months ended February 28, 2022. Orbital Locations and Trade Name.Intelsat is authorized by governments to operate satellites at certain orbital locations—i.e., longitudinal coordinates along the Clarke Belt. The Clarke Belt is the part of space approximately 35,800 kilometers above the plane of the equator where geostationary orbit may be achieved. Various governments acquire rights to these orbital locations through filings made with the International Telecommunication Union, a sub-organizationof the United Nations. We will continue to have rights to operate satellites at our orbital locations so long as we maintain our authorizations to do so. Our rights to operate at orbital locations can be used and sold individually; however, since satellites and customers can be and are moved from one orbital location to another, our rights are used in conjunction with each other as a network that can be adapted to meet the changing needs of our customers and market demands. Due to the interchangeable nature of orbital locations, the aggregate value of all of the orbital locations is used to measure the extent of impairment, if any. The carrying amounts of acquired intangible assets not subject to amortization consisted of the following (in thousands):

|                                         |     |   | As of December 31, 
               2023 |     |   | As of December 31, 
               2024 |
|:----------------------------------------|:----|:--|-------------------:|:----|:--|-------------------:|
| Orbital slots                           |     | $ |          1,000,000 |     | $ |          1,000,000 |
| Trade name                              |     |   |             50,000 |     |   |             50,000 |
| Total non-amortizable intangible assets |     | $ |          1,050,000 |     | $ |          1,050,000 |

Other Intangible Assets.The carrying amounts and accumulated amortization of acquired intangible assets subject to amortization consisted of the following (in