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Satnews Daily
December 1st, 2019

Twenty Year Agreement Between SES and Luxembourg Government

SES and the Luxembourg Government have reached an agreement to renew SES’s concession to operate satellites flying under Luxembourg jurisdiction for 20 years, effective from January 2022 when the current concession expires, with an annual fee of 1 million euros from 2025 onwards.

SES and Luxembourg Government renew orbital concession,
establish new fund for space sector.

Photo is courtesy of Business Wire.

As part of the agreement, and starting from 2022, SES will also contribute a maximum of 7 million euros per year into a fund to support and strengthen the Luxembourg space sector as well as to benefit the wider local economy.