Sleepless Satellite CEOs Count on Drones to Tackle Glut
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Satellite operators SES SA and Intelsat SA, dubbed “market darlings” for some of the highest profit margins in the technology industry, are pushing services such as military drones in preparation for the biggest increase in satellite capacity in at least 10 years.
More than 200 commercial communication satellites will be launched by 2020 as a surging number of television stations boosts demand for broadcasting services, Euroconsult estimates. The increase in capacity will accelerate to 7 percent annually in the next three years, from 3 percent in the five years through 2010, said Chief Executive Officer Pacome Revillon.