SSC To Acquire Swedish NSAB
Europeene des Satellites (SES), Luxembourg,
is purchasing 50 percent of Nordiska Satelitaktiebolaget (NSAB),
Stockholm. Swedish Space Corp.
(SSC) is also increasing its ownership stake in NSAB
to 50 percent, both transactions being subject to European
antitrust authority approvals.
SES paid US$117 million (EURO 125 million) to Teracom AB, Sweden,
and TeleDanmark A/S, Denmark,
to purchase their shares in NSAB. SSC, which previously owned 37.5
percent of NSAB, paid
US$29.25 million (EURO 31.25 million) to buy the remaining shares
in NSAB owned by TeleDanmark.
operates three telecommunication satellites from two orbital
slots, 5°W and 13°W, Sirius W, Sirius 2 and Sirius 3. NSAB is
reviewing the purchase of a fourth satellite this year, capable of
carrying broadband for internet delivery. However it has not been
decided whether this satellite would be Ka-band capable.
sales totaled US$75.5 million (EURO 80.7 million), with a pretax
profit of US$ 28 million (EURO 29.9 million). In recent years NSAB
revenues have been growing at a rate of 40 percent annually.
US$1 = EURO 1.07
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