Spanish construction and telecoms giant Abertis is buying a large stake in Spanish satellite operator Hispasat from Telefónica. Abertis, which recently cut its investment in Eutelsat by half, is paying $164.5 million for Telefónica’s 13 per cent stake in the Spanish operator. It means Abertis controls almost 50 per cent of Hispasat.

Abertis will now be Hispasat’s largest investor, with about 47 per cent of the company. Eutelsat itself holds 28 per cent of Hispasat (and Abertis still has a 16 per cent holding in Eutelsat).

There are several Spanish state institutions holding shares in Hispasat.

Other posts by :

1. AST SpaceMobile: “Good for indoor reception”
2. EchoStar booms on SpaceX holding
3. Norway wants a satellite constellation
4. Crossroads backs AST SpaceMobile
5. FCC examines SpaceX’s 15,000 sat-constellation plan
6. EchoStar: “Severe uncertainty” led to spectrum sales
7. Netflix gets downgrade on Warner Bros move
8. UK trims Orbex investment
9. Euro-bank sets up €500m space fund

Categories: Articles, Broadcast, Business, DTH/Satellite, M&A, Services