Paris - Eutelsat Communications and Abertis Group have reached an agreement on the sale of Eutelsat’s 33.69% stake in Hispasat to Abertis. It follows the initiation of the process in July 2016 when Eutelsat exercised the put option granted in 2008 by Abertis, Hispasat’s majority shareholder. The agreed price for Eutelsat’s stake is €302 million, representing an EBITDA multiple of 7.1x based on Hispasat’s 2016 results. The closing of the transaction is subject to Spanish government approval … [Read more...] about Eutelsat Corporate makes agreement with Abertis
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Ethiopia’s INSA agency selects Eutelsat
Addis Ababa, Paris – One day ahead of the NexTV CEO event in Mauritius, Ethiopia’s Information Network Security Agency (INSA), in charge of the transformation of the country’s high-tech and security industry, officialised the launch of Ethiosat, its new TV platform. INSA has inked a multi-year contract with Eutelsat Communications for capacity at its 7/8° West neighbourhood, the pole position for satellite TV in the Middle East and North Africa. Launching with nine national channels, Ethiosat … [Read more...] about Ethiopia’s INSA agency selects Eutelsat
NTV-PLUS and Eutelsat strengthen relationship
Moscow, Paris – NTV-PLUS, Russia’s original premium pay-TV platform, has consolidated its coverage across Siberia and extended broadcasting into the country’s Far East following the conclusion of contracts on two satellites with longstanding partner, Eutelsat Communications . With the launch of new services ,NTV-PLUS is achieving its objective of full coverage of the Russian Federation, enabling viewers across the country to benefit from the diversity and quality of digital TV. This new wave … [Read more...] about NTV-PLUS and Eutelsat strengthen relationship
Gulfsat and Eutelsat welcome Kuwait TV’s Al-Qurain TV
Dubai, Paris - Kuwait TV, the official Kuwaiti state broadcaster and part of the Kuwaiti Ministry of Information, announced at Cabsat Dubai that the new Al-Qurain TV channel has launched in its free-to-air HD platform hosted on the EUTELSAT 8 West B satellite. The capacity used by Kuwait TV is provided by Gulfsat, Eutelsat’s long-term partner. Launched one month ago, Al-Qurain TV is a heritage-based channel specialising in vintage Kuwaiti series and programmes. Kuwait TV, that amasses over 50 … [Read more...] about Gulfsat and Eutelsat welcome Kuwait TV’s Al-Qurain TV
EUTELSAT 172B Satellite scheduled for launch
Paris, Toulouse – The EUTELSAT 172B satellite of Eutelsat Communications is in the final stages of preparation at the Airbus Defence and Space facility in Toulouse and boarded onto a special flight to French Guiana. The 3.5 tonne satellite is scheduled for an Ariane launch on 25 April from the European Spaceport in Kourou. EUTELSAT 172B will deliver increased capacity for fast-growing applications that include in-flight and maritime connectivity, cellular backhaul, corporate networks, … [Read more...] about EUTELSAT 172B Satellite scheduled for launch
Eutelsat engaged by European GSA
Paris, Washington D.C – The European Global Navigation Satellite Systems Agency (GSA) has selected Eutelsat Communications for the development, integration and operation of the next-generation EGNOS payload on a future be hosted on the EUTELSAT 5 West B satellite that is due for launch end of 2018. The new payload marks a replenishment of current EGNOS capacity and is scheduled to start service in 2019 for a duration of 15 years. With the addition of the EGNOS payload, Eutelsat is further … [Read more...] about Eutelsat engaged by European GSA
