(AOF) – SES announces that Adel Al-Saleh has been hired as Managing Director, effective February 2024. The connectivity solutions provider specifies that since January 2018, Mr. Al-Saleh has been Managing Director of T- Systems International GmbH, provider of integrated IT services and subsidiary of Deutsche Telekom AG (DT), and member of the Board of Directors of DT. In this role he led the transition from a traditional information technology and outsourcing company to a provider of integrated IT services and digital solutions.
Interim SES CEO Ruy Pinto, who served as SES Chief Technology Officer from 2019 to 2023, will continue to lead SES until January 2024, when he will assume the role of strategic advisor to the CEO. Milton Torres, who succeeded Mr. Pinto as Technical Director on an interim basis, will continue in this role in the future.
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End of price decline
Thanks to the price war, French consumers have benefited from some of the lowest internet prices in Europe. But little by little, subscription prices are increasing. According to the telecommunications authority (Arcep), in 2021 they increased by 3.1% for mobile and 5.1% for landline. If the current inflationary context can explain this rise in prices, it is not the only reason. All stakeholders are, in fact, seeking to improve their margins. They have already managed to outsource part of their investment expenses linked to the deployment of their fiber and mobile infrastructures (4G and 5G). Now they just have to increase their income. This is an important issue to benefit from a development of their performances. Generating a satisfactory level of available cash flow (free cash flow) also allows them to benefit from attractive financing conditions, in a sector which requires significant investments. Investments in the sector have almost reached 15 billion euros in 2021, a historic level. The increase has reached almost 50% since 2017.