PARIS — Satellite fleet operator SES said it has nearly reached its long-promised goal of stopping the hemorrhaging of its video revenue to give sufficient time for its growing Networks data business to pick up the slack.
Video remains 60% of SES’s total business, but its contours have changed in the past couple of years. SES has reduced its exposure to the U.S. wholesale market, renewed key European direct-to-home video customers and the exited low-profit video distribution.
The shrinkage of the U . . .
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