Boeing has announced the cessation of commercial operations associated with their satellite broadband service, Connexion by Boeing, effective December 31, 2006.

   In conjunction with this announcement payment of USD 70 million relating to termination of the AMC-23 contract was made to SES AMERICOM during the third quarter.  Of this amount, USD 49 million will be recognised into revenue in Q3 2006 and the balance of USD 21 million will be recognised into revenue in Q4 2006.  The unique Ku-band Pacific Ocean Region capacity on AMC-23 is presently being remarketed to a variety of potential customers.

Additionally, during August, Boeing terminated services on the AMC-6 satellite.

For further information please contact: