It has more consumer satellite broadband subscribers than anyone else in Europe and is investing in Ka-band broadband capacity on four satellites to be launched in the coming 30 months, but make no mistake: SES still believes satellite-delivered consumer broadband in Europe is a fool's errand. In a May 22 presentation to investors, SES went so far as to include "Limited Exposure to Consumer Broadband" on its list of the company's principal attributes, alongside "Strong Core Video [direct-to-home] Business" and "Rising Free Cash Flow."
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